OPTIONS_PROFIT_CALCULATOR
See the profit and loss of any single-leg option trade at expiration. Choose buy or sell, call or put, and enter the strike and premium — the payoff chart, breakeven, max profit, and max loss update instantly.
The Four Single-Leg Trades
- → Long call — bullish. Risk limited to premium paid; unlimited upside above breakeven (strike + premium).
- → Long put — bearish. Risk limited to premium paid; profits as the stock falls below breakeven (strike − premium).
- → Short call — neutral/bearish income. Max profit is the premium; unlimited risk above breakeven if uncovered.
- → Short put — neutral/bullish income. Max profit is the premium; substantial risk if the stock falls far below the strike.
FAQ
How do I read an options payoff chart?
The horizontal axis is the stock price at expiration; the vertical axis is your profit or loss. Where the line crosses zero is your breakeven. Green regions are profit, red regions are loss. The chart shows the outcome at expiration only — before expiration, time value and implied volatility also affect the option price.
How is breakeven calculated?
For calls, breakeven = strike + premium. For puts, breakeven = strike − premium. A buyer needs the stock to move past breakeven to profit; a seller profits as long as the stock stays on the other side of it.
Why is max loss "unlimited" when selling a call?
A naked short call loses money as the stock rises, and there is no ceiling on a stock price, so the potential loss is unbounded. If you own 100 shares against the short call, it becomes a covered call with a very different risk profile — use our covered call calculator for that.
Does this calculator include the contract multiplier?
Yes. All dollar results are per position: premium per share × 100 shares per contract × number of contracts.
Trading options for income?
OptionsSimple tracks your positions, rolls, and monthly premium income — import trades from Robinhood, Schwab, or Wealthsimple.