Options Profit Calculator
Visualize P&L, Greeks, and break-even points for any options strategy. Free and open source.
Long Call
basicBuy a call option to profit from upward price movement with limited downside risk.
Long Put
basicBuy a put option to profit from downward price movement with limited upside risk.
Covered Call
basicOwn stock and sell a call to generate income, capping upside potential.
Cash Secured Put
basicSell a put backed by cash, collecting premium while willing to buy stock at the strike.
Naked Call
basicSell a call without owning the underlying stock. Unlimited risk.
Naked Put
basicSell a put without holding cash to buy. Risk to zero.
Call Spread (Bull)
spreadsBuy a lower strike call and sell a higher strike call for a net debit bullish play.
Put Spread (Bear)
spreadsBuy a higher strike put and sell a lower strike put for a net debit bearish play.
Credit Spread
spreadsSell an option closer to the money and buy one further out for a net credit.
Poor Man's Covered Call
spreadsBuy a deep ITM LEAPS call and sell a short-term OTM call against it.
Calendar Spread
spreadsSell a near-term option and buy a longer-term option at the same strike.
Ratio Back Spread
spreadsSell one option and buy two further OTM options for unlimited profit potential.
Iron Condor
advancedSell an OTM call spread and OTM put spread to profit from low volatility.
Butterfly
advancedBuy one lower, sell two middle, buy one upper call for a low-cost bet on a price target.
Collar
advancedOwn stock, buy a protective put, and sell a covered call to limit both gains and losses.
Diagonal Spread
advancedBuy a longer-term option and sell a shorter-term option at a different strike.
Double Diagonal
advancedCombine a put diagonal and call diagonal spread for a volatility play.
Straddle
advancedBuy a call and put at the same strike to profit from large moves in either direction.
Strangle
advancedBuy an OTM call and OTM put to profit from large moves at lower cost than a straddle.
Covered Strangle
advancedOwn stock, sell an OTM call and OTM put to collect double premium.
Synthetic Put
advancedShort stock and buy a call to create a position equivalent to a long put.
Reverse Conversion
advancedShort stock, buy a call, sell a put at the same strike for an arbitrage play.
Custom Strategy
Build your own 2-8 leg strategy
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