In-the-money option: positive payoff if exercised immediately. – At-the-money option: zero payoff if exercised immediately.A put option grants the right to the owner to sell some amount of the underlying security at a specified price, on or before the option expires. You own four special put options each with one of the strike prices listed in (iv). Let's implement this calculation in Python. The payoff calculation includes any outstanding unpaid interest. If a vehicle sustains more damage than it is worth, it is considered a total loss and becomes considered salvage. The payoff formula is: Short call payoff per share = (premium per share - (MAX (0, (share price - strike price)). If you are paying off a specific loan or set of loans online, use the "Custom Pay" dropdown to select "Specify for Each Loan". Attention Massachusetts Borrowers.