Payoff playground
See the profit & loss before you risk a cent.
Pick a strategy, set the strike and premium, then drag the sliders. The solid line is your payoff at expiry; the dashed line is what it'd be worth today with time and volatility still in play.
Bullish
At expiryToday (30d, 30% IV)
Max profit
Unlimited
Max loss
−$5.00
Breakeven
$105.00
How to read it
- Green line above zero = profit; red below zero = loss.
- Dashed breakeven lines mark where you'd come out even at expiry.
- The "today" curve is smooth because an option still has time value — it sharpens into the kinked expiry line as days-to-expiry approaches 0. Slide it down to watch that happen.
- Figures are per share; one contract controls 100 shares, so multiply by 100 for dollars.