Options strategy calculators
Pick a strategy to see its payoff diagram, break-even math, and an interactive profit/loss calculator — or jump straight into the builder.
Bull Call Spread
Free bull call spread calculator with P/L visualization and Greeks. See max profit, max loss, and breakeven for any debit call spread. No signup required.
Bear Call Spread
Free bear call spread calculator with P/L visualization and Greeks. See max profit, max loss, and breakeven for any credit call spread. No signup required.
Bull Put Spread
Free bull put spread calculator with P/L visualization and Greeks. See max profit, max loss, and breakeven for any credit put spread. No signup required.
Bear Put Spread
Free bear put spread calculator with P/L visualization and Greeks. See max profit, max loss, and breakeven for any debit put spread. No signup required.
Iron Condor
Free iron condor calculator with P/L visualization and net Greeks. See max profit, max loss, and breakevens for any iron condor. No signup required.
Covered Call
Calculate covered-call expiration profit, loss, and breakeven for 100 shares and one short call. Adjust stock cost, strike, premium, and future price.
Straddle
Free straddle calculator with P/L visualization and Greeks. See breakeven points and profit potential for volatility plays. No signup required.
Butterfly Spread
Free butterfly spread calculator with visual payoff diagram and Greeks. Build and analyze butterfly spreads with indicative option values.
Call Calendar Spread
Free call calendar spread calculator with breakpoint modeling for multi-expiration P/L. Visualize theta decay, IV crush, and Greeks. No signup required.
Put Calendar Spread
Free put calendar spread calculator with breakpoint modeling for multi-expiration P/L. Visualize theta decay, IV crush, and Greeks. No signup required.