What are the definitions of profit, in-the-money, and max loss?
"Chance of profit" means the probability that the position will yield a profit at expiration. "In-the-money" is the probability the underlying price will be above or below the option's strike price at expiration. "Max loss" is the maximum amount that can be lost on the position.
Can these calculation be done on single leg options positions?
Can this calculation be done on stock or is it for options only?
Some opportunities are exclusively used for options strategies (such as ITM) and others can be used for options and stocks.