Options Profit Calculator

How to read the two numbers

The first is what the trade is worth if the stock finishes where you said. On this page's defaults — two contracts of the 50 call bought for 2.00, the stock at 57.00 at expiration, 0.65 charged per contract on the way in and again on the way out — the two contracts control 200 shares, each worth 7.00 at expiration, so the position is worth 1,400.00. Against that sits the 400.00 of premium and 2.60 of fees, leaving 997.40. Without the fee it would be 1,000.00; the 2.60 is the part the usual formula leaves out.

The second is the price the stock has to finish at for the trade to be square. A long call breaks even at the strike plus the premium plus the fee per share: 50.00 + 2.00 + 0.0130, which is 52.0130. The fee per share is 2.60 spread over 200 shares. Leave the fee at zero and the break-even is 52.0000, the premium-only figure every formula prints. It also does not move when you change the contract count: the fee is charged per contract and the shares come per contract, so 0.0130 a share is 0.0130 a share on two contracts and on twenty. What grows with size is the money at risk, which is what the last block of results is for.

Everything here is arithmetic from the numbers you typed. No quote is fetched and no option is priced, which is also the limit: this page tells you what a trade pays at a price you choose, not what the option is worth today.

The arithmetic behind it

One contract is 100 shares. Every shape is the same three pieces: what the position is worth at expiration, what you paid or received for the option, and what the broker took on both ways.

Two things fall out of it. The fee lands on the break-even of every shape, not only on the profit — and because the fee and the shares both scale with the contract count, it moves the break-even by the same amount per share whether you trade one contract or twenty. And the money tied up is not the same as the money at risk: two contracts of a covered call put 9,600.00 of stock to work to make 797.40, while two contracts of the call put 402.60 to work to make 997.40. Same strike, same premium, a completely different trade.

Worked example you can check by hand

Two contracts of the 50 call at 2.00, the stock finishing at 57.00, 0.65 a contract each way:

The loss row does not move between 45.00 and 50.00: below the strike the call is worth nothing and the whole 402.60 is gone either way. Above 52.0130 every dollar is profit, which is the shape the diagram draws.

Long call — the shape this word asks for first

The number one result for this word runs one page per strategy, and one of the two places it holds in the top ten is its own long call page. A page that can only price a call is not in this family; a page that can price the call and the covered call is. So this one does four: long call, long put, covered call and cash-secured put. That is the ticket to the word, not the reason to be here — three of the pages we read for this word already cover eight shapes each, and one of them will take up to eight legs in a custom position.

What a long call is: 400.00 here buys the right to 200 shares at 50.00 until expiration. Below 50.00 it expires and the 402.60 is gone. Above 52.0130 it pays, and there is no ceiling — at 65.00 the two contracts are worth 2,597.40. The most a long call can lose is what it cost, which is exactly why it is the one shape a risk budget sizes cleanly.

Covered call — the one with stock under it

You own the shares and you sell someone else the right to buy them at the strike. Switch the shape above to Covered call with 200 shares bought at 48.00, the 50 call sold for 2.00, and the stock at 57.00 at expiration: the shares are called away at 50.00, so you make 2.00 a share on the stock plus the 2.00 of premium, less 2.60 of fees — 797.40, and that is also the ceiling, because anything above 50.00 is called away.

The break-even drops to 46.0130: the premium bought you 2.00 of cushion under what the shares cost, less the fee per share. The other end is the part people skip. The max loss is −9,202.60, because the premium cushions a fall in the stock and nothing else — this is a stock position wearing a 400.00 hat. It ties up 9,600.00 of stock to make 797.40, a return of 8.31%, against 402.60 to make 997.40 for the call.

What that shape is and when it stops paying is a longer story than a calculator can tell. The covered call guide walks the same 200 shares through five prices at expiration and names the price above which holding the shares and doing nothing would have paid more.

Long put and cash-secured put

Long put. Two contracts of the 50 put at 2.00 with the stock at 43.00 finishes at 997.40 — the mirror of the call. It breaks even at 47.9870 and its ceiling is 9,597.40, which is what a fall to zero would pay.

Cash-secured put. You sell the 50 put for 2.00 and hold 10,000.00 of cash in case you are assigned. Above 50.00 it expires and you keep 397.40 after fees. Below 50.00 you buy 200 shares at 50.00 with the market price marked against you: at 46.00 that is 800.00 of stock loss against 400.00 of premium and 2.60 of fees, so −402.60. It breaks even at 48.0130, ties up 10,000.00 and returns 3.97% at best. Four shapes, one arithmetic, four completely different amounts of money at work.

Four shapes, one strike

The same 50 strike, the same 2.00 premium, the same two contracts and the same 0.65 fee. Only the shape changes:

The two long shapes risk 402.60 to make their number. The two selling shapes risk more than twenty times as much to make less. Nothing in the table says which is better — it says what each one costs, which is the part the payoff diagram on its own never tells you.

Fees move the break-even

The trade stays the same — the 50 call at 2.00, two contracts — and only the fee changes:

At zero the break-even is the strike plus the premium, which is the number every formula prints. At 2.00 a contract it is four cents higher, and four cents on 200 shares is 8.00 — the same 8.00 the fees column says. The fee is the only input on this page that is pure cost, and it is the one the shortest formulas leave out.

How many contracts the risk budget pays for

This is the part the site is for. Two contracts of the 50 call put 201.30 at risk each, and a 25,000.00 account risking 2.00% has 500.00 to spend on being wrong:

None of those rows reaches the percentage it set out to risk, because contracts come in whole numbers: 2.00% of 25,000.00 is 500.00 but two contracts only risk 402.60, and three would risk 603.90. The budget is a ceiling, not a target. Where the same arithmetic starts from the stop distance instead of from a premium, it is the stock position size calculator.

Option profit calculator — the same page under the other name

Singular or plural, it is the same calculation and the same page: option profit calculator, options profit calculator, option profit calculator with the s dropped anywhere in it. Google served this page's own family for both spellings, including one result whose address is spelled in the singular. Whichever way you typed it, the four shapes and the arithmetic above are the answer.

Where this one stops

• At expiration only. No Black-Scholes, no implied volatility, no Greeks, no time decay, no probability. Two of the pages read for this word print delta, gamma, theta and vega, and one of them prints rho; this one prints none of them, because it does not price an option — it works out what a position pays at a price you chose.
• Four shapes, single leg. Spreads, straddles, strangles, butterflies, condors and anything with two different strikes or two dates are not here. One of the pages read for this word takes eight legs; this one takes one.
• No assignment before expiration, no dividends, no margin. Early assignment on a short leg, a dividend that changes the put-call line, and buying stock on margin are all outside it.
• One flat fee per contract, charged twice. Per-ticket minimums, exercise and assignment fees, regulatory charges and a different price on the way out are not modelled — the box is a placeholder, put your own number in.
• No quotes, no chain, no broker. Nothing is fetched, nothing imported, nothing saved. Whether the strike and premium you typed were ever available to you is not something this page can tell you.
• Whole contracts only. The sizing block rounds down to whole contracts, so the money at risk rarely lands exactly on the percentage you set.

On the four calculator pages read for this word on 21 October 2026 — tradezella.com, sharepredictions.com, finder.com and the strategy pages of optionsprofitcalculator.com — the payoff diagram and the per-share table are already there: tradezella prints a payoff diagram, five Greeks and a table of stock price, option value, P/L per share and total P/L, and sharepredictions prints a payoff diagram, four Greeks and the max profit, max loss and break-even. That is the ticket, not the difference. On those same four pages that day: none had a box for a fee — the formula two of them print is Max(Stock Price − Strike, 0) − Premium and (Stock Price at Expiration − Strike Price − Premium Paid) × Number of Contracts × 100, with nothing charged for the round trip in either; none printed the money a shape ties up or a return on it; and none had an account size or a risk percentage anywhere in its inputs. Those three are what this page adds. The claim stops at those four pages, that day — the three brand results in the top ten, barchart, marketbeat and benzinga, were not read at all, and neither were the OCC's own tools at optionseducation.org, whose page for this word is a hub of market-data simulators rather than a calculator you type into.

Sizing the shares rather than the contracts is the stock position size calculator, and what a premium is worth against a stop is the risk reward calculator. The round trip on the shares themselves is the stock profit calculator, and what fixed charges do to small positions is the spread and commission page.

Questions people ask

It works out what an options position pays at a given stock price when the option expires. On this page's defaults - two contracts of the 50 call bought for 2.00, stock at 57.00 at expiration, 0.65 charged per contract each way - the position is worth 1,400.00, the premium cost 400.00, the fees cost 2.60, and the profit is 997.40. It also prints the max profit, the max loss, the break-even and the money the shape ties up.

Take the amount the option is in the money at expiration, multiply by 100 per contract, and subtract what you paid including fees: (stock price - strike) x 100 x contracts - premium x 100 x contracts - fees. Here that is (57.00 - 50.00) x 200 - 400.00 - 2.60 = 997.40. Below the strike the option expires worthless and the profit is the negative of the premium plus the fees.

The strike plus the premium plus the fee per share. On the defaults that is 50.00 + 2.00 + 0.0130 = 52.0130, where 0.0130 is 2.60 of fees over 200 shares. With no fee it is 52.0000, the figure every formula prints. It does not move with the contract count: the fee is charged per contract and the shares come per contract, so it is 0.0130 a share on two contracts and on twenty.

Everything it cost: the premium plus the fees on both ways, and nothing more. On the defaults that is 402.60 on two contracts, or 201.30 per contract. That ceiling is what makes a long call the one options shape a risk budget can size directly - a 25,000.00 account risking 2% has 500.00, which pays for two contracts at 402.60 and not for three at 603.90.

Divide the money you are willing to lose by what one contract can lose. For a long call or put that is the premium times 100 plus the round-turn fee: 201.30 here. A 500.00 budget allows two contracts, risking 402.60, or 1.61% of a 25,000.00 account. The page rounds down to whole contracts, so the money at risk lands below the percentage rather than on it.

Yes, the same page under the other spelling. Singular or plural, the arithmetic is identical, and Google served the same family of results for both, including one result whose address is spelled in the singular. Long call, long put, covered call and cash-secured put are all here either way.

Yes, and it sits below what you paid for the shares rather than above it. With 200 shares bought at 48.00 and the 50 call sold for 2.00, the break-even is 48.00 - 2.00 + 0.0130 = 46.0130: the premium gives you 2.00 of cushion under your cost, less the fee per share. The profit is capped at 797.40, because above 50.00 the shares are called away.

No. There is no Black-Scholes, no implied volatility, no delta, gamma, theta or vega, and no probability of finishing in the money. This page works at expiration with the price you type. Two of the pages we read for this word do print the Greeks - that is a different job, and it needs market data this page does not fetch.

No, and there is nothing to connect to. No chain, no quote, no broker login, nothing uploaded or saved. You type the strike, the premium, the contract count and the price you want to test, and every figure is arithmetic from those four numbers in your browser.

Related guides

• Stock position size calculator — how many shares a risk budget and a stop distance buy, before any option is involved.
• Risk reward calculator — what a premium is worth against the distance to the target.
• Stock profit calculator — the round trip on the shares themselves, commission and tax included.
• Spread and commission in position sizing — why fixed charges bite hardest on the smallest size.
• Kelly criterion calculator — what a win rate and a payoff say about how much to risk.
• Forex, stock and crypto position size calculator