Options Profit Calculator

Option Legs


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How to Use the Options Profit Calculator

This free Options Profit Calculator helps traders visualize profit and loss for any options strategy at expiration. Whether you’re trading simple calls and puts or advanced multi-leg spreads, this tool allows you to build and test up to 8 legs in a single view.

Getting Started:

  1. Enter the current stock price of the underlying asset.
  2. Set the chart range by entering a Min Price and Max Price. This determines the price range shown in the payoff diagram.
  3. Add one or more option legs using the dropdown menus:
    • Choose whether to Buy (Long) or Sell (Short) the contract.
    • Select Call or Put.
    • Input the strike price, expiration date, premium, and number of contracts.
  4. Click Calculate to generate:
    • A dynamic profit/loss chart
    • Your total entry cost or credit
    • Breakeven points
    • Estimated max profit and max loss (based on the chart range)

Note: This calculator does not support calendar spreads or any strategies that involve different expiration dates across legs. All legs must use the same expiration to ensure an accurate risk profile at expiration.

Supported Strategies

This tool acts as a flexible multi-leg options strategy calculator, ideal for testing a variety of strategies like:

  • Covered call calculator
  • Cash secured put calculator
  • Call option calculator
  • Put option calculator
  • Call spread calculator (bull call, bear call)
  • Put spread calculator (bull put, bear put)
  • Iron condor calculator
  • Straddle calculator
  • Strangle calculator
  • Short put calculator
  • Butterfly calculator

With support for up to 8 customizable legs, this calculator is perfect for both beginners and advanced traders looking to evaluate strategy performance at expiration.

Real-Time Profit/Loss Chart

Every time you adjust the inputs, a real-time payoff diagram is generated showing your P/L across the stock price range. This makes it easy to visualize the risk/reward profile of your setup — whether you’re managing a simple long call or an advanced iron condor.

You can check out the rest of our calculators here!