Options Profit Calculator
Model any options strategy before you place the trade. Pull the current price and option chain for any ticker, then instantly see max profit, max loss, breakeven, probability of profit, and position Greeks on a full P&L chart.
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
Pick from 36 strategy templates in the dropdown, from a simple long call to a multi-leg iron condor. The legs pre-fill for you.
Pull market data or enter your own
Fetch the current price and option chain for any ticker and pick strikes and premiums straight from the chain, or type your own numbers. Implied volatility is worked out from each premium you enter.
Review your results
See max profit, max loss, breakeven, probability of profit, and position Greeks, then stress test with the view-date and IV sliders and the price-by-date P&L table.
The calculator prices each leg with an American-style binomial model (the default for US equity options) or European Black-Scholes-Merton, accounts for dividend yield, and supports commissions, shareable links, PNG chart export, and dark mode.
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
Download the Free Options Trade Tracker: Calculates Your Win Rate Automatically
You modeled the trade. Now find out if strategies like this one actually make you money. The free Options Trade Tracker (Excel + Google Sheets) logs every position and auto-calculates your win rate, average return, and profit factor. Enter your email and download it instantly.
- Built for options: logs strategy, strikes, premium paid or received, and P&L per trade
- Auto-calculates win rate, average return, and profit factor as you add entries
- Works in Excel and Google Sheets, no account, app, or subscription required
- Set up in under 5 minutes, no configuration required
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 36 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.