Professional Options Breakeven Calculator
Calculate the exact price your stock needs to reach for your Call or Put options to be profitable at expiry
Instant Calculation
Get your breakeven price immediately for any Call or Put option by simply entering three numbers
PNL Visualizer
See how your profit or loss changes as the stock moves through different price ranges at expiration
Risk Management
Account for your total premium and contract sizes to understand your total capital at risk
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Options Breakeven Calculator
Breakeven is the stock price at which your potential profit covers the initial premium paid. This calculation assumes the trade is held until expiration.
Calculator Settings
Calculation Results
Enter Strike and Premium to see results
Complete Guide to Options Breakeven Points
Why Breakeven Matters
Many beginner traders mistakenly believe that if a stock hits their strike price, they are in profit. In reality, because you paid a premium to buy the option, the stock must move beyond the strike price to cover your costs.
The breakeven price represents the "Zero Line"—the exact spot where your trade stops being a loss and starts generating real profit.
Call Option Breakeven
Breakeven = Strike Price + Premium
If you buy a $100 Call for $2.00, your breakeven is $102.00.
Put Option Breakeven
Breakeven = Strike Price - Premium
If you buy a $100 Put for $2.00, your breakeven is $98.00.
Professional Tips
Tip 1: Always account for brokerage commissions to find your true 'net' breakeven.
Tip 2: Breakeven values are calculated at expiration; before then, extrinsic value still impacts profit.
Tip 3: High implied volatility makes premiums expensive, pushing your breakeven further away.
Common Pitfalls
❌ Buying Far OTM Options
Out-of-the-money options are cheap but have the furthest breakeven points and lowest probability of success.
❌ Forgetting the Multiplier
Standard options are for 100 shares. A $5.00 premium actually costs you $500.00 in total capital.