Options
Options Profit/Loss Calculator
Pick a strategy, enter strike and premium, and see the payoff diagram at expiration — with breakeven marked and max gain/loss cards.
$
$
$
Breakeven at expiration
$107.50
Max gain
Unlimited
Max loss
-$250
Payoff at expiration
Methodology & how to use this
Payoff formulas (per share, at expiration)
- Long call:
max(0, S − K) − premium. BE =K + premium. - Long put:
max(0, K − S) − premium. BE =K − premium. - Covered call:
(S − S₀) + premium − max(0, S − K). BE =S₀ − premium. Max gain caps at strike. - Cash-secured put:
premium − max(0, K − S). BE =K − premium. Max loss if stock goes to 0.
What's not modeled
This is intrinsic value at expiration only — no time value, no early assignment, no commissions or fees. Use it to understand shape and breakeven, not to price an option today.
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