Maximum possible profit if the position moves perfectly in your favor

Maximum possible loss in the worst-case scenario

Price(s) where P&L is exactly zero at expiration

Ratio between maximum loss and maximum profit

Probability of Profit - statistical chance of making money at expiration

Initial cash flow when opening the position (positive for credit, negative for debit)

Portion of the option premium that will decay over time (theta)

Current in-the-money value of the options

Implied Volatility - market's expectation of future price movement