Derivatives - Option Strategy Formulas

Do you think it’s worth memorizing the different formulas for the options strategies (ie. value at expiration, profit, breakeven etc) at this point?

Did you guys memorize the formulas or figure things out using your conceptual understanding of the different strategies? I only ask as there are quite a few formulas.

Thanks!

I think memorizing the payoff formulas is pretty worthless. If you understand the payoff diagrams, there’s nothing you can’t calculate that they could ask you on the exam (i.e. max profit/loss, breakeven)

memorizing that is a waste of time. just derive it when it is needed.

the hardest one is the breakeven and all you do is find the profit equation that has an S(T) in it and set it equal to zero…any other case does not have a breakeven.