It's the security or market price point at which the position would result no profit, no loss scenario. Often it's calculated against the expiry date of position. If the break even point changes with time it's called dynamic break even point.
Any price at which the position shows a profit in the profit and loss graph. Generally the profit range is any price in between the upside break-even point and downside Break-even point [click to read more]
It's a plan to reduce the break-even point of a loosing long stock position by selling call options against it. This strategy limits the potential profits if the stock suddenly rises up sharply.[click to read more]