Options Profit Calculator
See what an options trade could make or lose before you place it. Pick call or put, long or short, and get breakeven, max gain, max loss, and profit across a range of stock prices.
How the math works
How is a call option's profit calculated?
A long call's profit at expiration is (stock price − strike price − premium paid) × 100 per contract, when the stock finishes above the strike. Below the strike, the loss is the premium paid.
What is the breakeven price?
For a long call: strike plus premium. For a long put: strike minus premium. The stock must move past breakeven by expiration for the trade to profit.
What is the maximum loss?
For bought options, the premium paid — that's the built-in risk limit. For sold (short) options, losses can be far larger: unlimited for short calls, substantial for short puts.
Calculations assume expiration values and exclude commissions and assignment risk. Options involve substantial risk. Not investment advice.