profit_calculator
Options profit calculator
Price any options trade with up to eight legs: maximum profit and loss, breakevens, net credit or debit, the model's chance of profit at expiration and the expected move. Pass a strategy name (for example iron_condor or bull_put_spread) to build standard legs from the stock price, or pass the legs yourself with strikes and prices. Ask it for the max loss on a spread, the breakeven on a straddle, or the chance a condor finishes profitable. Returns a link that opens the same trade in the Optionscanner calculator.
Parametersdaysrequiredlegsspotrequirediv_pctrequiredrate_pctstrategy
what_if
WHAT IF on an options trade
What a trade is worth if the stock moves, time passes or implied volatility changes: profit or loss on a chosen date at a chosen stock price, the same at expiration, and the change for one more day, one more volatility point and a one dollar move. Use it for questions like what happens to my condor if the stock drops ten percent next week.
Parametersdaysrequiredlegsspotrequirediv_pctrequiredrate_pctstrategystock_pricerequireddays_from_nowiv_change_points
list_strategies
List the standard options strategies
The eleven standard structures the calculator knows (long call and put, covered call, cash-secured put, the four vertical spreads, iron condor, straddle, strangle), each built on an example stock price with its legs, maximum profit and loss, breakevens and chance of profit, with a link to open each one.
Parametersdaysspotiv_pct
expected_move
Expected move
The one and two standard deviation price ranges the options market is pricing for a stock over a horizon, from the stock price, implied volatility and days ahead.
Parametersdaysrequiredpricerequirediv_pctrequired
credit_spread
Credit spread calculator
Bull put or bear call credit spread figures: width, maximum profit and loss, breakeven, return on risk, credit-to-width, and the model's chance of profit when implied volatility and days are given.
Parametersdayskindrequiredpricerequiredcreditrequirediv_pctcontractslong_strikerequiredshort_strikerequired
debit_spread
Debit spread calculator
Call or put debit spread figures: width, maximum profit and loss, breakeven, reward to risk, debit-to-width, and the model's chance of profit when implied volatility and days are given.
Parametersdayskindrequireddebitrequiredpricerequirediv_pctcontractslong_strikerequiredshort_strikerequired
probability_of_profit
Probability of profit
The model probability that a stock finishes above or below a price level (a breakeven or a short strike) by a date, from implied volatility, under the lognormal the options market implies.
Parametersdaysrequiredlevelrequiredpricerequirediv_pctrequired
position_size
Position size
How many contracts fit a risk budget: account equity, the percent of it risked per trade, and the worst case per contract give the dollar budget, the contract count and the share of equity at risk.
Parametersequityrequiredrisk_pctrequiredmax_loss_per_contractrequired
learn_search
Search the Optionscanner Learn library
Find the Learn article, glossary term, calculator or research page that answers an options question: strategies, the greeks, implied volatility, IV rank, probability of profit, rolling, assignment, the wheel, screening rules and more. Returns titles, summaries and links.
Parameterslimitqueryrequired
learn_read
Read a Learn page
The full text of one Learn article, glossary term, calculator page or research page by slug, as Markdown with its link. Use learn_search first when the slug is unknown.
Parametersslugrequired
