Option Profit Calculator

Compare single and multi-leg option strategies with illustrative premiums, breakeven prices, and scenario tables

1. 1Stock
2. 2Strategy
3. 3Contracts
4. 4Future conditions
5. 5Review

AAPL

AAPL

Apple

$229.42

2026-08-11

Which option strategy should we calculate

Choose a stock, strategy, contracts, and future assumptions

01StrategyProtective put · 1legsBrowse every strategy, or see what this outlook is commonly built with

Start from an outlookSee the structures commonly used for an outlook and risk preferenceChoose directlyBrowse by strategy category

BasicDirectionalVolatilityIncomeNeutral

Covered callCollect call premium against 100 owned sharesProtective putPair 100 owned shares with a put to limit downsideCash-secured putCollect put premium with cash reserved for assignment

Next: choose expiration

02ExpirationSep 18, 2026 · 38 days leftCompare nearby expirations and time remaining

03StrikeBuy $220.00 PutSelect each leg, then compare premiums around the current price

04Future conditions2026-09-11 · $236.80 · IV 24%Keep the defaults or adjust the date, stock price, and volatility