Options Profit Calculator - Calculate Options P&L & Break-Even
Free options profit calculator to analyze profit/loss, break-even points, and risk/reward for popular options trading strategies. Perfect for options traders and investors.
Select Options Strategy
Buy a call option to profit from upward price movement. Limited risk, unlimited reward.
Option Details
Each contract = 100 shares
Current Analysis
Position Summary
P&L at Different Prices
| Stock Price | P&L |
|---|---|
| $70.00 | $-500.00 |
| $80.00 | $-500.00 |
| $90.00 | $-500.00 |
| $100.00 | $-500.00 |
| $110.00 | +$500.00 |
| $120.00 | +$1500.00 |
| $130.00 | +$2500.00 |
Profit/Loss Diagram at Expiration
Understanding Options Trading Strategies
Basic Options Positions
- Long Call: Bullish strategy with limited risk and unlimited profit potential. Profits when stock rises above strike + premium.
- Long Put: Bearish strategy with limited risk. Profits when stock falls below strike - premium.
- Short Call: Generates premium income but has unlimited risk if stock rises significantly.
- Short Put: Generates premium income with obligation to buy stock if it falls below strike.
Stock-Options Combinations
- Covered Call: Generate income from stock holdings by selling calls. Caps upside but provides premium income.
- Protective Put: Insurance for long stock position. Limits downside while maintaining upside potential.
- Collar: Combines covered call and protective put for defined risk range (not shown in calculator).
Multi-Leg Strategies
- Straddle: Profits from large price moves in either direction. Buy call and put at same strike.
- Strangle: Similar to straddle but with different strikes. Lower cost, requires bigger move.
- Bull Call Spread: Limited risk/reward bullish strategy. Reduces cost compared to single call.
- Bear Put Spread: Limited risk/reward bearish strategy. Reduces cost compared to single put.
Key Options Concepts
- Strike Price: The price at which the option can be exercised.
- Premium: The cost to buy (or income from selling) the option.
- Contract Size: Each options contract controls 100 shares.
- Break-Even: Stock price where position neither profits nor loses at expiration.
How to Use This Options Profit Calculator
- Select your strategy: Choose from 10 popular options strategies based on your market outlook.
- Enter position details: Input strike prices, premiums, and number of contracts for your position.
- Analyze P&L diagram: The chart shows your profit/loss at different stock prices at expiration.
- Review key metrics: Check max profit, max loss, and break-even points to understand your risk.
- Current P&L: Enter the current stock price to see your unrealized profit or loss.
Important Disclaimer
This options profit calculator is for educational purposes only. It calculates profit/loss at expiration and does not account for:
- Time decay (theta) before expiration
- Implied volatility changes (vega)
- Dividends or early assignment
- Transaction costs and commissions
- Tax implications
Options trading involves significant risk and is not suitable for all investors. Before trading options, consult with a financial advisor and ensure you understand the risks involved.
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Disclaimer: This calculator is for educational and illustrative purposes only. Results are estimates and may not reflect actual outcomes. Investing Point does not guarantee the accuracy of these calculations and is not responsible for any decisions made based on this tool.