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Options Profit / Loss Calculator
Calculate profit, loss, and breakeven on call and put options at expiry.
📝 Trade Details
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1 contract = 100 shares
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📊 Options P&L Result
PROFIT / LOSS AT EXPIRY
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Enter trade details above
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Breakeven Price
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Max Profit
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Max Loss
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Total Premium
💡 Key InsightFill in trade details to see your P&L.
Options P&L Formulas
LONG CALL: P&L = (Max(0, Expiry − Strike) − Premium) × 100 × Contracts
LONG PUT: P&L = (Max(0, Strike − Expiry) − Premium) × 100 × Contracts
SHORT CALL: P&L = (Premium − Max(0, Expiry − Strike)) × 100 × Contracts
SHORT PUT: P&L = (Premium − Max(0, Strike − Expiry)) × 100 × Contracts
Breakeven (Long Call) = Strike + Premium
LONG PUT: P&L = (Max(0, Strike − Expiry) − Premium) × 100 × Contracts
SHORT CALL: P&L = (Premium − Max(0, Expiry − Strike)) × 100 × Contracts
SHORT PUT: P&L = (Premium − Max(0, Strike − Expiry)) × 100 × Contracts
Breakeven (Long Call) = Strike + Premium
Frequently Asked Questions
What is a call vs put option? ▼
A call gives the buyer the right to purchase a stock at the strike price — profitable when the stock rises above breakeven. A put gives the right to sell — profitable when the stock falls below breakeven.
Does this include time value (theta)? ▼
No — this shows intrinsic value P&L at expiry only. Before expiry, real options pricing also involves time value (theta), volatility (vega), and other Greeks. This is the essential baseline to understand first.
⚠️ Options trading involves substantial risk. This tool shows theoretical expiry P&L only. Not investment advice.