What does the option profit calculator show?
Options can be confusing because the outcome depends on where the underlying price ends up. Thisoption profit calculator draws the full payoff at expiry for a single option or a strategy with up to four legs — calls and puts, bought or sold. It tells you the most you can make, the most you can lose, the exact break-even prices and the net premium you pay or receive. It works for Nifty, Bank Nifty, stock options and even other markets, because the maths is the same everywhere.
How to use it
- Enter the current price of the underlying (index or stock).
- Pick a strategy preset to fill the legs, or build your own with Add leg.
- For each leg set call/put, buy/sell, strike, premium and quantity (lots × lot size).
- Hover or tap the chart to read the profit or loss at any price. The link in your address bar saves the strategy.
Payoff formulas
Call value at expiry = max(Price − Strike, 0) · Put value = max(Strike − Price, 0)
Leg P&L = (Value − Premium) × Qty for a buyer, and the negative of that for a seller
Example
With Nifty at 24,000, you buy the 24,000 call at ₹150 and sell the 24,200 call at ₹70 (a bull call spread) with quantity 65. The net cost is (150 − 70) × 65 = ₹5,200 — that's your maximum loss. The maximum profit is (200 − 80) × 65 = ₹7,800 if Nifty closes at or above 24,200, and the break-even is 24,000 + 80 = 24,080.
Tips for option traders
- Know your maximum loss before entering — prefer defined-risk spreads while learning.
- Payoff at expiry isn't the whole story: before expiry, prices also depend on time decay and volatility.
- Size positions with the position size calculator and check costs with the brokerage calculator.
Disclaimer: Results are estimates for educational purposes only and are not financial, investment or tax advice. Please verify with your bank, broker or a SEBI-registered adviser before acting. Read the full disclaimer.