Payoff simulator
See what an option position pays at expiry and before it. Pick a standard strategy, or build your own from calls, puts and stock.
Strategies
Single options
Spreads
Volatility
Butterflies & condors
Combinations
Long call — Bullish: unlimited upside above the strike; the most you can lose is the premium.
Market
Net premium
Debit 2.45
Options, per share
Max profit
Unlimited
At expiry
Max loss
−2.45
At expiry
Breakeven
102.45
Underlying at expiry
Payoff
Hover over or touch the chart to read off a price.
- At expiry
- Spot today
Legs
Up to 8 legs. Strikes above 0, quantity 1–100. Leave a premium blank to use the model price.
Delta
+0.534
Per 1.00 in spot
Gamma
+0.0693
Delta per 1.00
Vega
+0.114
Per vol point
Theta
−0.044
Per day
Key prices
| Price | Point | At expiry |
|---|---|---|
| 100.00 | Strike · Spot | −2.45 |
| 102.45 | Breakeven | 0.00 |
How to read this. The horizontal axis is the underlying price at expiry and the vertical axis is profit or loss per share after premiums: shaded green where the position makes money, red where it loses. Breakevens are marked on the zero line, and the dashed curve shows what the position would be worth with days still to run.
Premiums are Black–Scholes model prices from the inputs above, not market quotes. Type over any premium to use your own; the Greeks stay those of the model.