Covered Call Calculator

Pick covered call or cash-secured put, enter the stock price, strike, premium and days to expiration, and the calculator shows what the trade earns per cycle and what that is worth over a year. Everything runs in your browser; nothing is sent anywhere. How to use it Choose the strategy. The defaults update to a typical example for each. Enter the stock price today, the strike you are selling, the premium per share you collect, and the days to expiration. Fees are optional but matter on small trades. Read the cards: the return for one cycle, the annualized figures, your breakeven, and the premium you would need to reach the target return you typed in. If the number looks too good, check the warning under the cards. A high annualized yield almost always means a short expiration, a strike close to the stock price, or both, and those are the trades most likely to end in assignment. ...

Pick a strategy above, enter your strikes and premium, and the calculator updates max profit, max loss, and breakeven instantly — along with a payoff diagram showing profit and loss across a range of prices at expiration. Everything runs in your browser; nothing is sent anywhere. How to Use This Options Profit Calculator Choose your strategy from the dropdown (long call, long put, covered call, cash-secured put, credit spread, debit spread, or iron condor). Enter the strikes and the premium you paid or received, per share — the price shown on your trade ticket. Read the results: max profit, max loss, and breakeven update as you type. For iron condors and other multi-leg trades, you’ll see both breakeven points. Use the chart to see how profit and loss change as the underlying moves, not just at the two or three critical price points. All figures are calculated at expiration and assume standard 100-share option contracts. They don’t account for commissions, assignment fees, or early exercise — see the notes for each strategy below. ...