In options trading you can exactly calculate your expected profit and loss before you place the trade. There are different methods to do this. You can use your trading platform tools, such as thinkorswim or Interactive Brokers or you can use some of the nicest options profit calculator on the web.
There is a website called: You can choose your desired options strategy then you can run your calculations. For example let's choose Long Call and see how it works. First you have to put the symbol, then click on Get price.
It will download the actual price of the underlying. Then you can choose if you want to buy or sell the option. After all is set you can click on Calculate.
The result will show you how the option price will change on different dates and underlying prices. If you only want to calculate different aspect of an option, I would recommend using Interactive Brokers tool below:. With this one you are not calculating the profit itself, but the Greeks and Call, Put option prices based on the above conditions, such as underlying price, strike price, days to expiration, etc.
Examples of options profit calculator There is a website called: Options Calculator If you only want to calculate different aspect of an option, I would recommend using Interactive Brokers tool below: Sign up for content updates! Patience is the key to success not speed. Time is a cunning speculator's best friend if he uses it right. Latest Articles Why not to short the market? If they trade against you, escape. Why am I an option writer? Options trading with millions of dollars? Trading Pareto Principle Trading psychology is not "linear"More...