Options Payoff Calculator

Every option strategy has a shape. This builder lets you pick a preset (long call, covered call, spreads, straddle, iron condor) or assemble your own legs, then draws the profit-and-loss at expiration across every underlying price. It reads out max profit, max loss, the net debit or credit, and the break-even points, so you can compare strategies on payoff and risk before you ever place one. At expiration a call is worth the price above its strike and a put the price below; the tool simply sums your legs.