Options Calculator

How to Use an Options Profit Calculator (With Real Examples) An options profit calculator turns a handful of numbers from your trade ticket — strikes, premium, contracts — into the three things every options trader actually needs before placing a trade: max profit, max loss, and breakeven. The options profit calculator on this site does this for single-leg trades like long calls and puts, income strategies like covered calls and cash-secured puts, and multi-leg trades like credit spreads, debit spreads, and iron condors. ...

Most blown-up options accounts did not pick bad trades so much as they traded too big. This calculator works out the largest position that stays inside two limits you set in advance: how much of your account one trade is allowed to lose, and how much capital one position is allowed to tie up. Everything runs in your browser; nothing is sent anywhere. How to use it Pick the trade type. Set your limits: account size, the percentage of the account you are willing to lose on a single trade, and the most capital you want in any one position. Many traders start with 1% to 2% risk per trade. Enter the trade: the debit paid, the spread width and credit, the put strike, premium and stop, or the stock entry and stop. Read the suggested size. It is the smaller of what the risk budget allows and what the position limit allows, rounded down. Rounding down is deliberate: it keeps you under your limit rather than slightly over it. How each trade type is measured Long option or debit spread. The most you can lose is the debit you pay, so risk and capital are the same number: debit times 100 per contract. ...

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. ...