Options Calculator
Black-Scholes pricing, Greeks analysis, and options strategy builder
Option Parameters
THEORETICAL PRICE
$3.063
3.06% of spot
DELTA (Δ)
0.5371
$53.71 hedge
GAMMA (Γ)
0.0554
Delta change/$1
VEGA (ν)
0.1139
Per 1% IV change
THETA (Θ)
-0.0544
Daily time decay
RHO (ρ)
0.0416
Per 1% rate change
Payoff Diagram
Max Profit
Unlimited
Max Loss
$3.06
Breakeven
$103.06
Moneyness
ATM
Delta Decay
Gamma Profile
Implied Volatility Smile
Popular Options Strategies
Covered Call
Own stock + Sell call
Risk:Limited upside
Reward:Premium income
Level:Beginner
Protective Put
Own stock + Buy put
Risk:Premium paid
Reward:Downside protection
Level:Beginner
Bull Call Spread
Buy call + Sell higher call
Risk:Limited to spread
Reward:Limited profit
Level:Intermediate
Iron Condor
Sell OTM put/call spreads
Risk:Limited
Reward:Net premium
Level:Advanced
Straddle
Buy call + Buy put (same strike)
Risk:Premium paid
Reward:Unlimited both ways
Level:Intermediate
Butterfly Spread
3 strikes, 4 options
Risk:Limited
Reward:Limited
Level:Advanced
Master Options Trading
Download: "Complete Guide to Options Greeks & Strategies" + Excel Calculator