Options strategy calculators for single-leg, spread and multi-leg trades
Browse free options strategy calculators for calls, puts, verticals, iron condors, butterflies, calendars, straddles, strangles, and custom multi-leg trades.
- 28 editable templates
- Bullish, bearish and neutral
- P&L, Greeks and heatmaps
Basic options profit calculators
Long Call profit calculator
Limited-risk upside exposure with a purchased call.
Open calculator BearishLong Put profit calculator
Limited-risk downside exposure with a purchased put.
Open calculator NeutralCovered Call profit calculator
Own shares and sell a call to collect premium.
Open calculator BullishCash Secured Put profit calculator
Sell a put while reserving cash for possible assignment.
Open calculator BearishNaked Short Call profit calculator
Collect premium with unlimited upside risk.
Open calculator BullishNaked Short Put profit calculator
Collect premium while accepting downside assignment risk.
Open calculatorSpreads options profit calculators
Credit Spread profit calculator
A defined-risk vertical spread opened for a net credit.
Open calculator BullishBull Call Spread profit calculator
Buy a call and offset cost by selling a higher strike call.
Open calculator BearishBear Put Spread profit calculator
Buy a put and sell a lower strike put for defined risk.
Open calculator BullishPoor Man's Covered Call profit calculator
Use a long-dated call as a stock substitute against a short call.
Open calculator NeutralCall Calendar Spread profit calculator
Sell a near-term call against a longer-dated call at the same strike.
Open calculator VolatileCall Ratio Backspread profit calculator
Sell one lower strike call and buy two higher strike calls.
Open calculatorAdvanced options profit calculators
Iron Condor profit calculator
Combine a put credit spread and call credit spread around a range.
Open calculator NeutralLong Call Butterfly profit calculator
Target a center strike with limited risk and limited reward.
Open calculator NeutralProtective Collar profit calculator
Own shares, buy downside protection, and sell an upside call.
Open calculator BullishDiagonal Call Spread profit calculator
Combine different strikes and expirations in one call spread.
Open calculator NeutralDouble Diagonal Spread profit calculator
Use put and call diagonals to target a wide price range.
Open calculator VolatileLong Straddle profit calculator
Buy a call and put at the same strike to target a large move.
Open calculator VolatileLong Strangle profit calculator
Buy an out-of-the-money call and put to target a large move.
Open calculator NeutralCovered Strangle profit calculator
Own shares while selling an out-of-the-money call and put.
Open calculator BullishSynthetic Protective Put profit calculator
Pair shares with a long put to create protected stock exposure.
Open calculator NeutralReverse Conversion profit calculator
Short stock, buy a call, and sell a put at the same strike.
Open calculatorCustom options profit calculators
Custom 2-Leg Strategy profit calculator
Build and edit a custom strategy with 2 independent option legs.
Open calculator VolatileCustom 3-Leg Strategy profit calculator
Build and edit a custom strategy with 3 independent option legs.
Open calculator VolatileCustom 4-Leg Strategy profit calculator
Build and edit a custom strategy with 4 independent option legs.
Open calculator VolatileCustom 5-Leg Strategy profit calculator
Build and edit a custom strategy with 5 independent option legs.
Open calculator VolatileCustom 6-Leg Strategy profit calculator
Build and edit a custom strategy with 6 independent option legs.
Open calculator VolatileCustom 8-Leg Strategy profit calculator
Build and edit a custom strategy with 8 independent option legs.
Open calculator