Options profit calculator
A call or put at expiry: break-even, most to make and lose.
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Option spread calculator
The most a vertical spread can make and lose, and where it breaks even, before you place it.
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The spread
The result
The most it can make is $650.00 and the most it can lose $350.00; it breaks even at 103.50 on expiry.
- The trade
- Bull call spread (debit): buy the lower call, sell the higher call, paying 3.50 a share ($350.00 for 1 contract).
- Reward to risk
- 1.86 to 1. It needs the price above 103.50 on expiry to make money, and at or above 110.00 for the full amount.
The result on expiry at different prices, for the whole position.
| Price on expiry | Result |
|---|---|
| 95.00 | -$350.00 |
| 100.00 | -$350.00 |
| 103.50 | $0.00 |
| 105.00 | +$150.00 |
| 110.00 | +$650.00 |
| 115.00 | +$650.00 |
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
A capped bet both ways
A vertical spread buys one option and sells another of the same kind and expiry at a different strike. The sold option pays for part of the bought one, so the trade costs less, and in return the gain stops at the second strike. Both the most you can make and the most you can lose are known before you start.
Debit spreads cost money up front and need the price to move your way; credit spreads take money in and win if the price simply stays on the right side. The results here are on expiry and leave out fees and early assignment. For a single option use the options profit calculator; to price one, the option price calculator.
Not advice. Arithmetic on the numbers you type; options can lose all the money put in them.
Next tools
Option price calculator
Black-Scholes value of a call and a put.
Implied volatility calculator
The volatility and move an option price carries.
Pricing
Three ways in. Pick yours.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.