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Options Payoff Calculator

Visualize P&L at expiration, calculate Greeks and analyze break-even for 6 options strategies. Powered by Black-Scholes.

Strategy

Profits when price rises above strike.

Parameters

Stock Price

Strike Price

Days to Expiry

Implied Volatility

Risk-Free Rate

Option Premium

$4.56

Net Cost / Debit

$4.56

Max Profit

Unlimited

Max Loss

$4.56

Break-even at expiration

$154.56

Greeks

Δ Delta

0.535

Γ Gamma

0.0370

Θ Theta

-0.081

ν Vega

0.171

P&L Break-even

P&L per share at expiration · Dashed vertical = current stock price · Amber dashed = break-even

Delta (Δ)

Change in option price per $1 move in the stock. Range: 0 to ±1.

Gamma (Γ)

Rate of change of Delta. High gamma = more sensitivity near expiry.

Theta (Θ)

Daily time decay. How much the option loses per day (usually negative).

Vega (ν)

Sensitivity to 1% change in implied volatility.

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Prices are theoretical Black-Scholes values for educational purposes only. Not financial advice.