Options payoff
Pick a strategy or build your own from up to four option legs plus shares of the underlying, then see the profit and loss at expiry.
If the price ends at £100.00
−£300
Net cost to open £300. Breakeven at £103.00.
Profit or loss at expiryProfitLoss
Show as a table
| Price at expiry | Profit or loss |
|---|---|
| £40.00 | −£300 |
| £55.80 | −£300 |
| £71.60 | −£300 |
| £87.40 | −£300 |
| £102.41 | −£59 |
| £117.42 | +£700 |
| £133.22 | +£700 |
| £149.02 | +£700 |
| £164.82 | +£700 |
| £180.62 | +£700 |
| £196.42 | +£700 |
Most you can make£700
Most you can lose£300
Net debit£300
Breakeven£103.00
Looks likeBull call spread
- Results are for the moment of expiry only. Time value, early exercise, dividends, margin and fees are ignored.
- Premiums are per share. The profit and loss figures multiply by contracts and shares per contract, which is usually 100.
- Preset strikes and premiums are examples scaled to the price you enter. Change any leg and the strategy switches to Custom.
- When you add live contracts, a dashed line shows the position's theoretical value today using the Black-Scholes model with each contract's implied volatility and a zero interest rate. It is a guide, not a quote.
- Shares are valued from the price you paid. Covered calls, protective puts and collars hold one contract’s worth of shares for each contract sold or bought.