Option Breakeven Calculator
Enter a strike price, premium, and option type to instantly see the breakeven price, max profit, max loss, and risk/reward ratio at expiration.
Option Parameters
$
$
The option price you paid (not multiplied by 100 yet).
1 contract = 100 shares.
$
Used to show the % move needed to breakeven.
Enter option parameters on the left to see the analysis.
Breakeven Price
—
Total Cost
—
Max Loss
—
Premium paid
Max Profit
—
At expiration
Risk / Reward
—
loss : profit
Long Call Summary
| Option Type | — |
| Strike Price | — |
| Premium per Share | — |
| Contracts × 100 shares | — |
| Breakeven Price | — |
| Move Required to BE | — |
| Max Loss (total) | — |
| Max Profit (total) | — |
Payoff at Expiration
Summary
Enter a strike price, premium, and option type to instantly see the breakeven price, max profit, max loss, and risk/reward ratio at expiration.
How it works
- Select Long Call or Long Put as the option type.
- Enter the strike price of the option contract.
- Enter the premium paid per share (the option price).
- Optionally set the number of contracts (1 contract = 100 shares).
- The calculator shows the breakeven price, max profit, max loss, and the payoff chart.
Use cases
- Determine how far a stock must move to profit on a call or put you just bought.
- Compare the breakeven points across multiple option strikes before entering a trade.
- Quickly size your max loss (total premium paid) before placing an options order.
- Visualize the profit/loss curve at expiration to understand your payoff profile.
- Calculate the risk/reward ratio to evaluate whether a trade meets your criteria.
- Check the percentage move required from current stock price to reach breakeven.
Frequently Asked Questions
Last updated: 2026-07-24 ·
Reviewed by Nham Vu