Options Calculators
Every calculator an income trader needs — real-time data, no paywalls, no signup required.
Every calculator here uses live options chain data — no manual entry for greeks or implied volatility. Pick a ticker, choose a strategy, and see your exact P&L, breakeven, and annualized yield in seconds. I built these because I got tired of spreadsheets that were outdated before I finished the formula.
If you're running the wheel strategy, the CSP, covered call, and wheel calculators are where you'll spend the most time. The Options Profit Calculator covers 16 strategies including multi-leg setups like iron condors, spreads, and straddles — all with interactive P&L diagrams.
Everything is free. No account required. I make money through broker referrals, not by gating the tools you need to make better trades.
Options Profit Calculator
16 strategies with live chain data, interactive P&L diagrams, Greeks, and probability of profit.
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Yield Finder
Scan 60+ stocks for the best CSP and CC premium yields. Filter by market cap, expiration, and delta — sorted by annualized yield.
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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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Open Options Profit CalculatorFrequently Asked Questions
Is the options data real-time?
Yes. Every calculator pulls live options chain data when you enter a ticker — current prices, implied volatility, greeks, and expiration dates. You don't need to look up or manually enter any of that. The data refreshes each time you load a calculation.
Which calculator should I start with?
If you're selling cash-secured puts or covered calls, start with those dedicated calculators — they're built specifically for income trades and show annualized yield, capital required, and breakeven. If you're trading multi-leg strategies (spreads, iron condors, straddles), the Options Profit Calculator handles all 16 strategy types with interactive P&L diagrams.
Do I need to create an account?
No. Every calculator is completely free with no signup, no paywall, and no usage limits. I built WheelYield because the tools I wanted didn't exist for free — and I don't think they should be behind a subscription.