Straddle Calculator

Summary

Enter a strike price, call premium, put premium, and underlying price at expiration to see your straddle P&L and both breakeven prices.

How it works

1. Enter the strike price shared by both the call and the put.
2. Enter the call premium per share you paid.
3. Enter the put premium per share you paid.
4. Enter the underlying stock price at expiration.
5. The calculator shows net P&L, upper breakeven, lower breakeven, and max loss.

Use cases

• Evaluate a straddle before an earnings announcement.
• Find the minimum price move needed to profit on both sides.
• Compare the cost of different strike prices for the same expiration.
• Estimate maximum risk before placing a long straddle trade.
• Verify straddle math quickly when reading an options chain.

Frequently Asked Questions