EXPLORE THE PAYOFF
Options calculators
Choose a strategy. Adjust the legs. See profit, loss, and breakeven at expiration.
Basic
Long Call
Explore how a stock price rise affects a purchased call, after the premium you pay.
Long Put
See how a purchased put responds to a fall in the stock price.
Covered Call
Combine stock ownership and a sold call to see the premium income, capped upside, and downside.
Cash-Secured Put
See the payoff of selling a put while reserving cash to buy the shares if assigned.
Spreads
Bull Call Spread
Compare the lower cost and capped upside of a bullish call spread.
Bear Call Spread
See how a call credit spread performs when the stock stays below or rises above the short strike.
Bull Put Spread
Explore a bullish put credit spread with a defined downside limit.
Bear Put Spread
Compare the cost and capped profit of a put spread as the stock falls.
Advanced
Iron Condor
Explore the range where a four-leg iron condor earns a profit at expiration.
Butterfly
See the narrow profit region of a long call butterfly around its middle strike.
Straddle
Find how far the stock must move for a purchased call and put to cover their combined cost.
Strangle
Explore the stock moves needed to profit from a purchased put and call with different strikes.
Build your own position
Combine up to eight option and stock legs on the same underlying.
What these calculators show
Each calculator estimates profit or loss at a single expiration, including the premiums, stock entry costs, and total fees you enter. Examples use hypothetical inputs, not live quotes. All option legs must share one expiration and one underlying stock or ETF. Calendars and diagonals need a model for the unexpired options and are not supported here.
Results do not estimate a position’s value before expiration, probability of profit, or broker margin requirements. Early assignment, dividends, interest, taxes, and slippage are not modeled.