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Use Case

Protect & Define Your Outcome

Keep the shares you want to own while changing how much downside you take.

You do not have to sell a position to change its risk, and you do not have to pick option contracts yourself. Choose the protection, income, and upside you want, and Parity translates that into the option structure that creates it.

Outcomes are shown per 100 shares, since one option contract covers 100 shares. If you own more, the structure repeats.

Why not just sell?

Selling removes the downside, but it also removes the shares. For appreciated positions, selling may also create tax consequences. Parity lets you model how to keep the position while changing its risk.

What happens if your stock falls?

Illustrative comparison for 100 shares held through expiration.

Unprotected

Protection

None

Downside

Full decline

Exposure

All losses are yours

Upside

Uncapped

Covered Call

Protection

Option income

Downside

Income offsets the first part of a decline

After protection

Losses resume after the income cushion is exhausted

Upside

Capped

Buffer

Protection

First-loss protection

Downside

Initial losses absorbed

After protection

Losses resume below the protected range

Upside

Capped

Collar

Protection

Hard downside floor

Downside

Defined maximum loss

After protection

Loss is capped at the floor

Upside

Capped

Start with the outcome, not the options.

Protection level

Upside

Capped

Set by the protection level you choose.

Time

30 days3 months6 months1 year

You choose

How much protection, potential income, and potential upside you want—and for how long

Parity

Parity shows you how

The exact trades needed to create it

Model protection for an investment you own

Enter an investment and the shares you own to compare how each existing approach changes the modeled downside and remaining upside.

One option contract covers 100 shares. We round down to the nearest whole contract.

See how concentrated your portfolio is.

After connecting your brokerage we'll automatically identify:

  • Concentrated positions
  • Cash sitting idle
  • Diversification gaps
  • Holdings eligible for outcome modeling

Connect your portfolio in under 60 seconds and see how much of your portfolio depends on your largest holdings.

Analysis only. No trades are created or submitted. Illustrative and educational; Parity does not provide investment or tax advice.

Parity

Protect what you’ve built while staying invested. Define your downside, understand your upside, and remain in control.

Parity Outcomes, Inc. is a technology provider and is not a registered investment advisor, broker-dealer or custodian. Parity does not provide personalized investment advice and does not place trades. Users independently select their parameters and enter every transaction at their own brokerage. Brokerage services are provided by the user's brokerage firm.

Options involve risk and are not suitable for all investors. Defined outcomes are illustrative estimates based on option pricing, market conditions, execution assumptions, fees, and the stated outcome period. Investors may experience losses, and outcomes are not guaranteed.

Parity displays available scenarios based on parameters you select. Parity does not place trades; you enter every transaction directly in your own brokerage account. Client assets are held at your brokerage firm; Parity Outcomes, Inc. does not take custody of client funds.

© 2026 Parity Outcomes, Inc. All rights reserved.