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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. Type your own strikes and premiums below; the example starts from a $100 reference price.
Example at $100: net debit $600, max profit unlimited, max loss $600, breakeven $94 / $106.
Frequently asked questions
- How do you calculate long straddle profit?
- At expiration each leg is worth its intrinsic value; add the legs, subtract what you paid (or add what you collected), times 100 shares per contract. For the example structure at a $100 reference price the net debit is $600, max profit unlimited, max loss $600, breakeven $94 and $106.
- What is the breakeven on a long straddle?
- The settlement price where the position's P/L is zero. The calculator solves each segment of the payoff exactly rather than sampling, so the breakeven it shows is the true one for the strikes and premiums you type.
- Does the calculator use live prices?
- No: you type premiums, so it works for any ticker and any quote source. To price the same structure from the live chain and rank it against every other play, run the ticker in the OptionScout scanner.
Other calculators: Long call · Long put · Covered call · Cash-secured put · Bull call spread · Bear put spread · Iron condor · options pricing (Black-Scholes). Not advice.