Options Strategy Calculators
Model any options strategy before you place a trade. See max profit, max loss, breakeven, and P/L at every price — powered by Black-Scholes.
A long call gives you the right to buy a stock at a fixed price before expiration. Your risk is limited to what you pay. Your upside is not.
A long put profits when the stock falls. It's how you bet against a stock — or protect one you already own — with a fixed, known cost.
A bull call spread costs less than a straight call by selling a higher-strike call against it. You cap your upside, but you cut your cost and risk.
A bear put spread profits when the stock drops. It costs less than a straight put because you sell a lower-strike put to offset part of the premium.
A covered call generates income from stock you already own. You sell someone the right to buy your shares at a fixed price and collect a premium. If the stock stays below that price, you keep both.
A cash-secured put generates income by selling the right to buy stock below the current price. You collect premium upfront and either keep it or buy shares at a price you already chose.
Build any options position with up to 8 legs. Iron condors, straddles, butterflies, or whatever combination your thesis requires.
If you think the stock will go up, look at long calls or bull call spreads. If you think it will fall, look at long puts or bear put spreads.
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