Free Tools

Options Calculators

Every calculator an income trader needs — real-time data, no paywalls, no signup required.

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Options Profit Calculator

16 strategies with live chain data, interactive P&L diagrams, Greeks, and probability of profit.

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Cash-Secured Put Calculator

Annualized yield, capital required, breakeven, and assignment probability for CSP trades.

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Covered Call Calculator

Premium yield, static return, called-away return, and cost basis reduction for covered calls.

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Wheel Strategy Calculator

Full-cycle ROI modeling — CSP entry, assignment, covered call exit. Track cost basis reduction and total income.

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Exit Analysis Calculator

Should you close early? Compare hold vs. close with real-time data, premium velocity, and a smart verdict.

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Breakeven Calculator

Instant breakeven price for any option — calls, puts, long or short. See distance from current price.

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Theta Decay Visualizer

Watch time decay accelerate into expiration. Interactive chart showing daily theta burn and milestones.

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Probability Calculator

Probability of profit, expected move, and probability of touching for any strike and expiration.

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Position Sizing Calculator

Calculate optimal position size based on account balance, risk tolerance, and max allocation rules.

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Roll Calculator

Compare rolling an option vs. closing. See net credit/debit, new breakeven, and annualized yield.

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Cost Basis Tracker

Track how premiums collected reduce your cost basis over multiple wheel cycles.

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Wheel Strategy Backtester

Simulate the wheel on any stock over 1–5 years. See estimated returns, win rate, drawdowns, and compare to buy-and-hold.

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Looking for multi-leg strategies?

Open Options Profit Calculator