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Finance Calculators

Call/Put Option Payoff Calculator

Calculate the payoff and profit or loss of a call or put option at expiration given the strike price and premium paid.

Payoff per share
Total profit / loss
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About the Call/Put Option Payoff Calculator

At expiration, an option is worth only its intrinsic value — the amount it's in the money — regardless of how it was priced before. This calculator compares that payoff to the premium originally paid to find profit or loss.

Formula: Call Payoff = max(Stock Price − Strike, 0) · Put Payoff = max(Strike − Stock Price, 0) · Profit/Loss = (Payoff − Premium Paid) × Contract Size

Because the premium is paid upfront regardless of outcome, an option buyer's maximum loss is always capped at the premium paid, while the breakeven point is the strike price adjusted by that premium.

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