Options Profit Calculator
The options profit calculator shows your profit or loss on call and put options at expiration. Enter the strike price, premium paid, expected stock price at expiry, and number of contracts — and see your total P&L, maximum possible loss, and breakeven price. This calculator uses intrinsic value at expiry and does not model time value decay.
Calculates P&L at expiration (intrinsic value only). Does not include time value (theta) decay for positions held before expiry.
Per share (e.g. $5.00)
1 contract = 100 shares
Total P&L at Expiration
+$1000.00
P&L Per Share
+$10.00
Maximum Loss
$-500.00
Breakeven Price
$155.00
Intrinsic Value
$15.00
How to use this calculator
- 1
Select call or put
Call options profit when the stock price rises above the strike. Put options profit when the price falls below the strike.
- 2
Enter the strike price
The price at which you have the right to buy (call) or sell (put) the underlying stock.
- 3
Enter the premium paid
The price you paid for the option, per share. Multiply by 100 for the total cost (1 contract = 100 shares).
- 4
Enter the expected stock price at expiry
Where you expect the stock to be when the option expires.
- 5
Enter number of contracts
How many option contracts you hold. Each contract covers 100 shares.
Formula
Call P&L per share = max(0, Stock Price − Strike) − Premium
Put P&L per share = max(0, Strike − Stock Price) − Premium
Total P&L = P&L per Share × Contracts × 100
Breakeven (Call) = Strike + Premium
Breakeven (Put) = Strike − PremiumThe intrinsic value of a call option is the amount the stock price exceeds the strike price (if at all). For a put, it's how much the stock falls below the strike. Subtracting the premium gives profit or loss per share. A negative result (up to the full premium) is your maximum loss — options buyers can never lose more than the premium paid.
Worked Example — Call Option
Strike: $150 | Premium: $5 | Stock at expiry: $165 Contracts: 1 (= 100 shares) Intrinsic value = max(0, $165 − $150) = $15 P&L per share = $15 − $5 = +$10 Total P&L = $10 × 1 × 100 = +$1,000 Breakeven = $150 + $5 = $155 If stock expires at $150 or below, the option expires worthless and you lose the full premium: −$5 × 100 = −$500.
Frequently Asked Questions
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