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Options Profit Calculator
Payoff diagrams for calls, puts, and covered calls at expiration — breakevens, max gain, max loss.
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An option is a contract that lets you buy (a call) or sell (a put) a stock at a fixed price before a deadline, without being forced to — a call is a bet the stock rises, a put is a bet it falls. This tool shows the exact dollar profit or loss at expiration for a given strategy, price, and contract count. It's arithmetic on a hypothetical, not a forecast of what any stock will actually do.Max gain
Unlimited
Max loss
-$300
Breakeven
$108
stock price at expiration
This trade makes money if the stock finishes above $108 by expiration; below that, you lose up to $300.
ProfitLoss
View as table
| Stock price | P/L at expiration |
|---|---|
| $50 | -$300 |
| $58 | -$300 |
| $67 | -$300 |
| $75 | -$300 |
| $83 | -$300 |
| $92 | -$300 |
| $100 | -$300 |
| $108 | $33 |
| $117 | $867 |
| $125 | $1,700 |
| $133 | $2,533 |
| $142 | $3,367 |
| $150 | $4,200 |
Methodology & assumptions
- Payoff is calculated at expiration only — no time value, implied volatility, or greeks along the way.
- No fees, commissions, or early-assignment mechanics are modeled.
- Each contract represents 100 shares.
- Covered call and cash-secured put assume the stock/cash position is already held at the entry price shown.