Options Profit Calculator
Calculate P&L at expiry for calls and puts. See breakeven price, max profit, and max loss with a live chart.
P&L at expiry (intrinsic value only — excludes time value and IV)
How to calculate options profit at expiry
Options P&L at expiry depends on where the underlying closes relative to the strike price. This calculator uses intrinsic value only — appropriate for planning expiry scenarios, though actual P&L before expiry includes time value (theta) and implied volatility (vega).
Long call: Profit = max(0, underlying − strike) × contracts × 100 − premium paid. Breakeven = strike + premium.
Long put: Profit = max(0, strike − underlying) × contracts × 100 − premium paid. Breakeven = strike − premium.
Short call/put: The premium collected is your max profit. Max loss is theoretically unlimited (call) or limited to strike × 100 × contracts (put).
To track your actual options performance — including multi-leg strategies like spreads, condors, and straddles — SuperTrader's options trading journal groups legs automatically and shows your real-world P&L per strategy type.
Track your options trades automatically.
SuperTrader imports from Robinhood, Schwab, Tastytrade, and IBKR. Groups multi-leg strategies, tracks DTE at entry, IV rank, and win rate by strategy type.