Options strategy calculator: payoffs and Greeks
Black-Scholes-Merton pricing with dividend yield, exact Greeks per leg, payoff scan and lognormal probability of profit — compare 12 theoretical strategies. The calculator uses a dated provider spot quote or your explicitly entered scenario price, with user-selected volatility, rate, dividend yield and expiry assumptions. Premiums are calculated estimates, not executable option-chain quotes.
Underlying market data · RELIANCE
Dated provider price and daily history, refreshed every minute. Historical volatility measures past price movement; it is not option-chain implied volatility.
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Options strategy guides
Long Call
Bullish · Premium paid.
Long Put
Bearish · Premium paid.
Bull Call Spread
Moderately bullish · Net debit paid.
Bear Put Spread
Moderately bearish · Net debit paid.
Long Straddle
High volatility · Total premiums paid.
Short Strangle
Neutral · Unlimited on the upside and substantial on the downside.
Covered Call
Neutral to moderately bullish · Nearly the full downside of the shares, reduced by premium received.
Iron Condor
Neutral · Spread width minus net credit.
Options, futures and derivatives topics
Options, futures & derivatives
Explore strategy construction, expiry breakevens and potential losses.
Options tools