Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Am I doing the math for this covered call/long put strategy correctly? What risks do I run with this strategy?
You own the stock at $29.42 At $40, the stocks is called at $26. You can't add the call premium, as it's already accounted for. The trade is biased towards being bearish on the stock. (I edited and added the graph the evening I answered)  Not the pretiest graph, but you get the idea. With that $29.42 cost, you are in the money till about $30, then go negative until the most you lose is $3.42.