Options Breakeven Calculator
Check breakeven and bounded risk/reward for common options trades before placing an order.
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Breakeven by strategy
Long call breakeven is strike plus premium. Long put breakeven is strike minus premium. Covered call breakeven is stock cost basis minus premium received. Cash-secured put breakeven is strike minus premium, which becomes your effective assignment basis if exercised.
Knowing breakeven helps you translate abstract premium into a concrete required stock move. It also makes it easier to compare whether a trade is worth the risk relative to expected move and time to expiration.
Educational only. Assignment, transaction fees, taxes, and dividends are not included.