Options Profit Calculator
Model an options strategy using your own trade values. Enter the stock price, strikes, expirations, and premiums, then see estimated profit and loss, breakevens, probability of profit, and position Greeks on a P&L chart.
See whether your options trades are actually profitable over time
You just modeled this trade’s payoff. The free options trading journal template (Excel and Google Sheets) logs every position so you can track your real win rate, average P&L, and trade history by strategy.
- ✓Works with any broker, in Excel or Google Sheets
- ✓Track win rate, average P&L, and trade history by strategy
- ✓Free, no credit card needed
We’ll email you the free template. Unsubscribe anytime.
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.
Enter your trade values
Enter the stock price, strikes, expirations, and premiums manually. Set the risk-free rate and dividend yield as model assumptions; the defaults are not live rates. Implied volatility is estimated from each premium you enter, and you can edit it.
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 trading journal
You modeled the trade. Now find out if strategies like this one actually make you money. Enter your email to get the free options trading journal template (Excel and Google Sheets).
- Free trading journal template (Excel and Google Sheets)
- Track win rate, average P&L, and trade history by strategy
- Works with any broker. No app 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 models profit and loss from the values you enter. Expiration payoffs, breakevens, and risk limits follow the trade inputs; the view-date and IV sliders show theoretical values before expiration. Those estimates depend on the pricing model, volatility, rates, and dividend assumptions. Actual fills, early assignment, slippage, and fees can change your result. The calculator does not fetch market quotes.
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.