Free tool · Options profit · no signup
Options profit calculator with payoff chart Every leg, one payoff.
Chart the profit or loss at expiration of up to four legs — calls, puts and shares — with breakevens, max profit and loss, and the net debit or credit.At expiration this position makes at most +$320.00 and loses at most $180.00. Breakeven: $101.80.
Maximum profit
+$320.00
Maximum loss
−$180.00
Breakeven at expiration
$101.80
Net debit paid
$180.00
P/L at expiration at $100.00
−$180.00
01
Your inputs
Example values are provided. Replace them with your own plan. Prices are in USD per share.
Strategy presets
A preset fills the legs around the share price with illustrative premiums — replace them with real quotes.
Legs
All option legs share one expiration. One contract covers 100 shares.
02
Your estimate
Payoff at expiration only: every option leg shares one expiration and is worth its intrinsic value. One contract covers 100 shares; premiums are per share.
Payoff at expiration
Profit or loss of the whole position on expiration day, by share price.- Maximum profit
- +$320.00
- Maximum loss
- -$180.00
- Breakeven at expiration
- $101.80
- Net debit paid
- $180.00
- P/L at expiration at $100.00
- -$180.00
Before expiration, options also carry time value, so a position closed early lands elsewhere than this curve. Commissions, early assignment, dividends and taxes are not included. Preset premiums are illustrative, not market quotes.
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Worked example
The default scenario, computed with this tool’s own math — replace the inputs above with your trade.
With the shares at $100.00, the spread buys the $100.00 call for $3.00 and sells the $105.00 call for $1.20: a net debit of $180.00. Above $105.00 at expiration the spread is worth its full $500.00 width — a profit of +$320.00. Below $100.00 both calls expire worthless and the debit is the loss. It breaks even at $101.80.
- Net debit paid
- $180.00
- Maximum profit
- +$320.00
- Maximum loss
- -$180.00
- Breakeven at expiration
- $101.80
04
Common questions
What the numbers mean — and what they leave out.
- How is an option’s profit at expiration calculated?
- At expiration a call is worth the share price minus the strike (when the shares are above it) and a put the strike minus the share price (when below it). Profit is that value minus the premium paid, or plus the premium received, times 100 shares per contract.
- When is the loss unlimited?
- When the position keeps losing for every dollar the shares rise, as with a call sold without the shares to cover it. The calculator shows “Unlimited” instead of a number. A stock cannot fall below zero, so the loss on a sold put is always capped.
05
The rest of the workbench
Every free tool, one click away — plus the terms behind these numbers.
Terms behind the numbers
06
Keep going
Priced a trade? Track it for real, or learn the ideas behind the numbers.
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