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Options Payoff Visualizer
Every payoff diagram below is interactive: drag the slider to move the stock price and watch your profit or loss update. Each one links to a plain-English walkthrough of the strategy.
Long Call
Calls & puts explained →Try it yourself
Apple price in 1 month
$112
Your profit / loss
$100
At $112 you're up $100.
Max profit
Uncapped
Max loss
−$100
Break-even
$111
Long Put
Calls & puts explained →Try it yourself
Apple price in 1 month
$85
Your profit / loss
$400
At $85 you're up $400.
Max profit
$8,900
Max loss
−$100
Break-even
$89
Straddle
The straddle, explained →Try it yourself
Stock price at expiration
$100
Your profit / loss
−$800
At $100 you lose $800: about the worst this trade can do.
Max profit
Uncapped
Max loss
−$800
Break-evens
$92 / $108
Strangle
The strangle, explained →Try it yourself
Stock price at expiration
$100
Your profit / loss
−$300
At $100 you lose $300: about the worst this trade can do.
Max profit
Uncapped
Max loss
−$300
Break-evens
$92 / $108
Covered Call
Covered calls, explained →Try it yourself
Your stock in 1 month
$210
Your profit / loss
$1,250
At $210 you're up $1,250.
Max profit
$2,250
Max loss
−$19,750
Break-even
$197.50
Iron Condor
The iron condor, explained →Try it yourself
Stock price at expiration
$100
Your profit / loss
$150
At $100 you're up $150.
Max profit
$150
Max loss
−$350
Break-evens
$88.50 / $111.50
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