Options Profit Calculator
Estimate profit and loss for call and put options at different stock prices. See your max profit, max loss, and breakeven points instantly.
Map call and put payoffs at different stock prices. Instantly see breakeven, max profit, and max loss so you understand risk before you pay premium on a contract.
Total cost: $500.00
Each contract controls 100 shares
How to use this calculator
Calls: Give you the right to buy stock at the strike price. Profit if the stock rises above strike + premium. Use when bullish.
Puts: Give you the right to sell stock at the strike price. Profit if the stock falls below strike - premium. Use when bearish.
Premium: The price you pay per share for the option. Your max loss is always limited to the premium paid × contracts × 100.
Breakeven: The stock price where you neither profit nor lose (excluding fees). For calls: strike + premium. For puts: strike - premium.
What is an options profit calculator?
An options profit calculator maps how call and put positions make or lose money at different stock prices. Instead of hand-calculating each scenario, you instantly see breakeven, maximum profit, maximum loss, and return percentage — essential before you risk premium on a trade.
How option P&L works
Call options: Right to buy stock at the strike. Long calls profit when price rises above breakeven (strike + premium). Max loss is the premium; upside is theoretically unlimited.
Put options: Right to sell stock at the strike. Long puts profit when price falls below breakeven (strike − premium). Max loss is the premium; max profit is capped as the stock approaches zero.
Key terms explained
Strike: Exercise price for buying (call) or selling (put) the shares.
Premium: Price per share of the option. Standard U.S. equity options control 100 shares — multiply by 100 for contract cost.
Breakeven: Stock price where P&L is zero at expiration (ignoring fees).
Intrinsic value: Immediate exercise value — call: stock − strike (if positive); put: strike − stock (if positive).
Time decay (theta): Options can lose value as expiration nears. This calculator emphasizes expiration payoff; live prices also move with volatility.
When to use calls vs puts
Buy calls when you're bullish and want defined risk vs owning shares outright. Buy puts when you're bearish or hedging a long stock position. Always know max loss first — then size with our position size calculator.
Options trading risks
You can lose 100% of premium if an option expires worthless. Time decay and implied volatility swings can hurt even if your direction is eventually right. Only trade with money you can afford to lose, and research the underlying with live stock lookup first.
Frequently asked questions
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Educational payoff estimates only — not trading advice. Options involve substantial risk of loss and are not suitable for all investors.
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