Say i bought 100 shares of a stock at 251.63/share for a total of $25,163

I also will buy a put option at $250 strike for $9.85 for a total of $985

I will also sell a call option at $255 strike for $10.80 for total of $1,080.

If the price goes to $255 or above I would have a profit of $1080 + 25,500 - 985 - 25,163 = 432

If the price goes to 250 or below I would have a loss of $1080 + 25,000 - 985 -25163 = -68

If the price stays the same I would have a profit of $1080 + 25,163 - 985 -25,163 = 95

Am i missing something here, wouldnt this be a really good risk reward option or am I misunderstanding options?