Option Strategy Payoff Calculator

Payoff charts, break-even points and risk-reward ratios for 54 strategies. Great way to learn options.

Option Strategy Simulator

Aggregate Greeks, what-ifs, volatility skew, and more advanced option strategy modelling. Also intraday.

All Excel calculators

Free Tutorials

Options: The Basics

Basic Option Positions

Option Pricing and Greeks

Volatility

VIX (CBOE Volatility Index)

Statistics

Technical Analysis

Other

Recently Added or Updated

Bull Put Spread Payoff, Breakeven and R/R

This page explains bull put spread profit and loss at expiration and the calculation of its maximum profit, maximum loss, breakeven point and risk-reward ratio. Bull Put Spread Basic Characteristics Bull put spread is a position created with two put options: Buying a put with lower strike. Selling a put with higher strike and same [more…]

Bear Put Spread Payoff, Breakeven and R/R

This page explains bear put spread profit and loss at expiration and the calculation of its maximum profit, maximum loss, breakeven point and risk-reward ratio. Bear Put Spread Basic Characteristics Bear put spread is a bearish strategy – it profits when underlying price goes down. The position consists of two put options (hence “put spread”): [more…]

Bull Call Spread Payoff, Breakeven and R/R

This page explains bull call spread profit and loss at expiration and the calculation of its maximum gain, maximum loss, breakeven point and risk-reward ratio. Bull Call Spread Basic Characteristics Bull call spread, also known as long call spread, is a bullish option strategy, typically done when a trader expects the underlying security to increase [more…]

What Is the Difference between Strike Price and Spot Price?

Strike price (also called exercise price) is the price at which you can buy the underlying security when exercising a call option, or the price at which you can sell the underlying when exercising a put option. Spot price means the current market price. In short: spot price = now, while strike price = when [more…]

How to Calculate Historical Volatility in Excel

This page is a detailed guide to calculating historical volatility in Excel. Things Needed for Calculating HV in Excel Historical data (daily closing prices of your stock or index) – there are many places on the internet where you can get it for free, including Yahoo Finance or Google Finance Excel – this guide works [more…]

How to Download Historical Data from Yahoo Finance

This page is a detailed guide to finding and downloading historical data such as daily stock prices or index values from Yahoo Finance. Go to Yahoo Finance homepage: finance.yahoo.com At the moment and on my computer it looks like this. It may look a little different on your device, but the key sections will most [more…]

Questions? Feedback?

If you have any questions, suggestions or comments concerning any product or piece of content, please do not hesitate to contact us.