Options Trading Calculators

Calculate profit, loss, break-even, and max risk for long call options. See how stock price movements affect your position with an interactive P&L chart.

Calculate profit, loss, break-even, and max gain for long put options. Visualize your profit zone with an interactive chart.

Model synthetic long or short stock from same-strike call and put premiums, break-even, max risk, and expiration payoff.

Check fair call and put values, conversion/reversal gaps, discounted strike value, and synthetic forward pricing.

Price theoretical calls and puts, estimate Greeks, chart model value across stock prices, and solve implied volatility from a market premium.

Estimate expected move from implied volatility, days to expiration, stock price, and target probability.

Estimate the probability that a stock finishes between lower and upper break-even prices using IV and days to expiration.

Estimate theoretical call or put value at a target stock price before expiration using manual Black-Scholes assumptions.

Calculate fixed box spread payoff, net profit, simple return, and annualized implied financing yield.

Aggregate manual shares and option Greeks into net delta, gamma, theta, vega, rho, and estimated move sensitivity.

Size options trades from account value, risk percentage, max loss per contract, planned contracts, and buying power.

Calculate bullish call spread profit, loss, break-even, max profit, max loss, and return on risk with a capped payoff chart.

Calculate bearish put spread profit, loss, break-even, max profit, max loss, and return on risk for a defined-risk debit spread.

Calculate bullish put credit spread net credit, max profit, max loss, break-even, and return on risk.

Calculate bearish call credit spread premium, break-even, max profit, max loss, and return on risk.

Calculate short put plus call credit spread profit, downside break-even, net credit, and no-upside-risk threshold.

Calculate long stock plus short call profit, break-even, capped upside, premium income, and downside cushion with an interactive payoff chart.

Estimate short put premium income, assignment risk, break-even, effective purchase price, max loss, and return on secured cash.

Estimate PMCC profit/loss from long call value, short call premium, remaining days, IV, and stock scenario.

Model cash-secured put assignment into a covered call, adjusted basis, capped profit, and downside risk.

Calculate short stock plus short put premium, break-even, capped downside profit, and unlimited upside risk.

Model long stock plus a short call and short put, including premium income, assignment zones, and downside risk.

Calculate short option roll credit or debit, adjusted total credit, new break-even, and expiration payoff.

Calculate uncovered short call or naked short put premium, break-even, maximum profit, maximum loss, and payoff risk.

Compare covered call extrinsic value with an upcoming dividend to estimate early assignment risk.

Calculate long stock plus long put hedge profit, break-even, maximum loss, downside floor, and protected payoff.

Model stock plus protective put and covered call profit, break-even, downside floor, upside cap, max loss, and max profit.

Estimate long stock plus 1x2 call repair payoff, repaired break-even, capped recovery, and overlay impact.

Calculate same-strike call and put profit, total debit, max loss, and upper and lower break-even prices.

Calculate two-strike long volatility payoff, total debit, max loss, and upper and lower break-even prices.

Calculate short straddle premium income, break-evens, downside risk, and unlimited upside risk.

Calculate short strangle total credit, profit zone, break-evens, downside risk, and upside risk.

Calculate iron condor net credit, profit zone, upper and lower break-evens, max profit, max loss, and return on risk.

Calculate short iron butterfly net credit, max profit, max loss, break-evens, and defined-risk payoff.

Calculate classic long call butterfly spread profit, net debit, max profit, max loss, and two break-even prices.

Model an uneven call butterfly spread with net debit or credit, body-strike profit, tail risk, and break-even estimates.

Calculate debit condor max profit, max loss, lower and upper break-evens, and middle profit plateau.

Calculate reverse iron butterfly net debit, outside-wing profit, max loss at the body strike, and break-evens.

Model reverse call butterfly net credit, outside-wing profit, max loss at the middle strike, and break-evens.

Calculate 1x2 call ratio spread net debit or credit, max profit, break-evens, and upside risk.

Calculate 1x2 put ratio spread net debit or credit, max profit, break-evens, and downside tail risk.

Calculate 1x2 call backspread credit or debit, max loss near the long strike, tail break-even, and upside payoff.

Calculate 1x2 put backspread credit or debit, max loss near the long strike, lower break-even, and downside payoff.

Estimate calendar spread front-expiration P/L using remaining back-month option value, IV, days, and stock scenario.

Estimate diagonal spread or PMCC front-expiration P/L from manual strikes, premiums, remaining days, and IV.

Build a custom up-to-four-leg options payoff with calls, puts, long or short sides, strikes, and premiums.