Options Profit Calculator
Model any options strategy before you place the trade. Enter your strikes, premium, and contract size to instantly see max profit, max loss, breakeven, and a full P&L diagram.
Three steps to model any options trade
No financial modeling experience needed. The options profit calculator does the math. You just review the results before you trade.
Choose your strategy
Select from 25+ strategies in the dropdown, from a simple long call to a multi-leg iron condor.
Enter your trade details
Input your strike prices, premium paid or received, and number of contracts. All fields update the diagram live.
Review your results
Instantly see max profit, max loss, breakeven price(s), and an interactive P&L diagram showing your full risk profile.
Explore all options strategy calculators
Each strategy has its own dedicated calculator with a full P&L breakdown, worked example, and FAQ. Select a strategy below to get started.
Free download
Free options trading journal: Excel and Google Sheets template
You modeled the trade. Now track it. The Financial Tech Wiz journal logs every options trade you take and shows your real win rate, average return, and profit factor over time. Enter your email to get the template and the included tools.
- Excel and Google Sheets trading journal template
- Auto-calculated win rate, average return, and profit factor
- Weekly market recap email
- Free Financial Tech Wiz Discord invite
Frequently asked questions
An options profit calculator is a tool that lets you model the potential profit and loss of an options trade before you place it. You enter your strike prices, premium paid or received, and contract details, and the calculator instantly shows your max profit, max loss, breakeven price, and a visual P&L diagram so you understand exactly what you’re risking before you commit capital.
This calculator supports 25+ strategies including long call, short call, long put, short put, covered call, cash-secured put, bull call spread, bear put spread, bear call spread, bull put spread, iron condor, iron butterfly, straddle, strangle, butterfly spread, broken wing butterfly, poor man’s covered call (PMCC), calendar spread, diagonal spread, collar, jade lizard, ratio spread, double diagonal, covered strangle, and synthetic put. Each strategy also has its own dedicated calculator page with detailed explanations and examples.
Yes, completely free. No account, email, or credit card is required to use any of the calculators on this site. Select your strategy, enter your trade details, and get instant results with no restrictions.
The calculator provides precise theoretical profit and loss based on your inputs at expiration, including exact breakeven prices, max profit, and max loss. These numbers are mathematically exact for expiration-day P&L. Keep in mind that your actual P&L before expiration will differ due to time decay (theta) and changes in implied volatility (vega), which the diagram does not model mid-trade.
Yes. The calculator is fully responsive and works on all devices including desktop, tablet, and mobile. There is no app to download. Open it in any modern browser and it works instantly.