Options Profit Calculator

Build a single option or a multi-leg position and see its profit and loss instantly. This options P&L calculator plots the payoff graph, marks the breakeven points, and works out maximum profit and maximum loss — free, with no signup, and no live market data involved. Every number below is one you enter.

How to Read the Payoff Graph

Enter the underlying price, then add one or more legs — call or put, buy or sell, with a strike and premium. The calculator works out each leg's value at expiration and combines them into a single options payoff graph. Where the curve crosses zero is a breakeven point: the underlying price at which the position moves from loss into profit.

Maximum profit and maximum loss are shown as exact numbers whenever a position has a defined ceiling or floor, like a spread or an iron condor. Some positions — a long call or a long straddle, for example — have unlimited profit potential as the underlying keeps rising, so those are labeled "Unlimited" rather than a number capped by the chart. Add or remove legs to use this as an options strategy calculator for comparing a few structures side by side.

From a Calculation to a Full Strategy in OptionLab

This calculator is a standalone tool for modeling a position with your own numbers. OptionLab itself goes further: build multi-leg option strategies from built-in templates, connect real option chains, and keep your positions saved between visits.