Options Max Loss Calculator

Calculate maximum loss, maximum gain, and breakeven points for popular options strategies.

Select Strategy
Results
Max Loss
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Max Gain
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Breakeven
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"Unlimited" means no theoretical cap -- losses or gains grow as the underlying moves. These strategies require careful position sizing.
How to Use
  1. Select your options strategy above.
  2. Enter contracts and lot size (default 100 for US equities).
  3. Fill in the premium(s) and strike price(s).
  4. Click Calculate Max Loss to see your risk profile.
Max Loss
Worst-case dollar loss including premium paid.
Max Gain
Best-case profit. "Unlimited" for uncapped strategies.
Breakeven
Price where trade neither profits nor loses at expiry.
Lot Size
US equity options = 100 shares/contract. Adjust for other markets.
Risk Disclaimer

This calculator is for educational purposes only and does not constitute financial or investment advice. Options trading involves significant risk of loss, including losing more than your initial investment. Calculations are theoretical and do not account for commissions, fees, early assignment, dividends, or volatility changes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions. OptionBots is not responsible for any trading losses from use of this tool.

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