Options Profit & Loss Calculator
Calculate profit or loss at expiry for long/short calls and puts with payoff diagram.
CFA, CMT — Chartered Financial Analyst & Chartered Market Technician
Former institutional trader with 15 years experience across equities, forex and derivatives. Now focused on financial education.
P&L at Expiry vs Underlying Price
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About the Options Profit & Loss Calculator
Long options: maximum loss is the premium paid. Short options: maximum loss can be unlimited.
Contracts trade in lots — US equity options represent 100 shares per contract.
Tips to improve your result
- 1.
Beginners should start with buying calls/puts before selling strategies.
- 2.
Options lose time value as expiry approaches (theta decay).