Options Profit/Loss Calculator

Calculate potential profit or loss on call and put options based on different price scenarios. This calculator helps traders evaluate basic options positions before committing capital.

When to use this calculator:

  • When evaluating basic call or put option trades
  • When assessing potential returns on options at expiration
  • When comparing the profit/loss potential of different strike prices
  • When planning covered call or protective put strategies with your stock positions

Options Strategy Calculator

Calculate P&L for various options strategies

Understanding Options Calculator Fields

Call Options

Call options give the holder the right to buy the underlying asset at the strike price. They profit when the stock price rises above the strike price plus premium paid.

  • Strike Price:

    The set price at which you can buy the underlying asset when exercising the option.

  • Stock Price:

    The current market price of the underlying security.

  • Premium:

    The cost per share to purchase the option contract.

  • Contracts:

    Number of option contracts (each contract typically represents 100 shares).

Put Options

Put options give the holder the right to sell the underlying asset at the strike price. They profit when the stock price falls below the strike price minus premium paid.

  • Strike Price:

    The set price at which you can sell the underlying asset when exercising the option.

  • Stock Price:

    The current market price of the underlying security.

  • Premium:

    The cost per share to purchase the option contract.

  • Contracts:

    Number of option contracts (each contract typically represents 100 shares).

Calculation Results Explained

  • Profit/Loss:

    The expected profit or loss at the current stock price if the option is held until expiration.

  • Break-Even Point:

    The stock price at which the option position will neither make nor lose money.

  • Maximum Loss:

    The worst-case scenario loss for the position. For long options, this is typically the premium paid.

  • Maximum Profit:

    The best-case scenario gain for the position. For calls, profit potential is theoretically unlimited as stock price can rise indefinitely.

Important Note

This calculator shows theoretical values at expiration. Real-world results may vary due to factors like time value decay, implied volatility changes, and transaction costs.