Not financial advice. Options involve risk and are not suitable for all investors. Data is delayed up to 15 minutes.
Calculate the stock price needed to break even on any options position at expiration.
The breakeven point is the stock price at which your options position has zero profit or loss at expiration. Understanding breakeven is essential for evaluating whether a trade offers a favorable risk/reward given your price outlook.
| Strategy | Breakeven Formula |
|---|---|
| Long Call | Strike + Premium |
| Long Put | Strike - Premium |
| Short Call | Strike + Premium |
| Short Put | Strike - Premium |
| Bull Call Spread | Long Strike + Net Debit |
| Bear Put Spread | Long Strike - Net Debit |
| Long Straddle | Strike ± Total Premium |