Options profit calculator
Model any options position up to six legs and see max profit, max loss, breakevens and the P/L curve at expiration. Pick a preset, type your strikes and premiums, and share the URL.
Strategy presets
Long call calculator
Buy a call. Max loss is the premium; profit grows without limit above strike plus premium. The cleanest bullish bet, and the most exposed to time decay.
Long put calculator
Buy a put. Max loss is the premium; profit grows as the stock falls, capped only at zero. Bearish, or insurance on shares you hold.
Covered call calculator
Own 100 shares and sell a call above the price. You collect premium and keep upside to the strike; above it the shares are called away. Income on stock you already hold.
Cash-secured put calculator
Sell a put below the price with cash set aside to buy the shares. You keep the premium if the stock stays above the strike; below it you own shares at strike minus premium.
Bull call spread calculator
Buy a call, sell a higher call. The short leg pays for part of the long one, so the debit and the max loss shrink and the profit is capped at the strike difference minus the debit.
Bear put spread calculator
Buy a put, sell a lower put. Defined-risk bearish: max loss is the debit, max profit is the strike difference minus the debit.
Iron condor calculator
Sell a put spread below and a call spread above. You collect a credit and profit if the stock stays between the short strikes; max loss is the wing width minus the credit.
Long straddle calculator
Buy a call and a put at the same strike. You profit from a large move in either direction past strike plus the total premium; max loss is the total premium if the stock does not move.
How the numbers are computed
At expiration each option is worth its intrinsic value, so the position's P/L is a straight line between strikes. The calculator evaluates every strike exactly, reads the slope beyond the last strike to decide whether profit or loss is unlimited, and solves each segment for its breakeven. This is the same payoff math OptionScout's scanner uses for every play it ranks.
Not advice. The calculator models expiration only; before expiry an option's value also depends on time and implied volatility. See expected move for the range the market implies.
Frequently asked questions
- How is options profit calculated?
- At expiration an option is worth its intrinsic value: for a call, the amount the stock is above the strike; for a put, the amount below. Profit is that value minus the premium you paid (or plus the premium you collected), times 100 shares per contract. This calculator adds every leg together at each possible settlement price.
- What is the breakeven on a call option?
- Strike plus the premium paid. A $100 call bought for $2.00 breaks even at $102 at expiration; above that every dollar is $100 of profit per contract.
- Does this calculator use live option prices?
- No. You type the premiums, so it works for any ticker and any quote source. To price a structure from the live chain and rank it against every other play, run the ticker in the OptionScout scanner.
- Why does max profit say unlimited?
- A long call, or any structure net long calls, keeps gaining as the stock rises with no cap. A short call is the mirror image: unlimited loss. Spreads cap both sides, which is why the calculator shows a number for them.