Option Profit Calculator 2026
Instantly calculate profit, loss, ROI, and break-even points for call and put options. Essential for options traders to evaluate risk and reward before expiry.
Option Contract Details
Enter your strike price, premium, and expected expiry price
Select whether you bought a Call (expecting price to rise) or a Put (expecting price to fall).
The predetermined price at which the underlying asset can be bought or sold.
The price you paid per share for the option contract. (Total cost = Premium × 100 × Contracts).
Standard equity options represent 100 shares per contract.
The expected or actual price of the underlying asset on the expiration date.
How many decimal places to show in monetary results.
Options P&L Analysis
Net profit, ROI, break-even, and detailed trade breakdown
Enter your option details above, then click Calculate Profit / Loss to see your trade analysis.
Moneyness & Key Concepts
Understanding these core options terms is essential for evaluating your position and potential profitability before entering a trade.
| Term | Definition | Impact on Option Value |
|---|---|---|
| In-The-Money (ITM) | Call: Underlying > Strike. Put: Underlying < Strike. | Has intrinsic value; higher premium. |
| At-The-Money (ATM) | Underlying price is exactly equal to the strike price. | Highest extrinsic (time) value. |
| Out-Of-The-Money (OTM) | Call: Underlying < Strike. Put: Underlying > Strike. | No intrinsic value; cheaper premium. |
| Intrinsic Value | The actual profit if the option were exercised immediately. | ITM options only; OTM = £0. |
| Extrinsic Value | Time value + volatility value (Premium – Intrinsic Value). | Decays as expiry approaches (Theta). |
| Break-Even Price | The price the underlying must reach to cover the premium paid. | Call: Strike + Premium. Put: Strike – Premium. |
Option Profit Calculator FAQ
Everything you need to know about calculating options profit, understanding break-even points, and managing risk in options trading.
To calculate profit on a call option, subtract the strike price and the premium paid from the underlying asset’s price at expiry. If the result is positive, multiply it by 100 (shares per contract) and the number of contracts. If the underlying price is below the strike price at expiry, the option expires worthless, and your loss is limited to the total premium paid.
To calculate profit on a put option, subtract the underlying asset’s price at expiry and the premium paid from the strike price. If the result is positive, multiply it by 100 (shares per contract) and the number of contracts. If the underlying price is above the strike price at expiry, the option expires worthless, and your loss is limited to the total premium paid.
The break-even point is the underlying asset price at which the option buyer neither makes nor loses money. For a call option, the break-even price is the Strike Price + Premium Paid. For a put option, the break-even price is the Strike Price – Premium Paid.
An option is In-The-Money (ITM) if it has intrinsic value. A call option is ITM when the underlying asset’s current price is higher than the strike price. A put option is ITM when the underlying asset’s current price is lower than the strike price. ITM options are more expensive but have a higher probability of profit.
No, when you buy (go long) a call or put option, your maximum loss is strictly limited to the total premium you paid to purchase the contract. You cannot lose more than your initial investment, regardless of how far the underlying asset’s price moves against you. However, selling (writing) uncovered options carries theoretically unlimited risk.
In standard US and UK equity markets, one option contract typically represents 100 shares of the underlying asset. Therefore, if an option premium is quoted at £2.00, the actual cost to buy one contract is £200 (£2.00 × 100 shares). This calculator automatically multiplies your inputs by 100 to reflect standard contract sizes.