What stock price do I need to break even on a call option?
Enter Your Option
Your Result
Fill in the fields on the left and click Calculate to see the stock price where this call option breaks even at expiration.
How this is calculated
Break-even stock price at expiration equals the strike price plus the premium paid per share.
Total premium paid equals the premium per share multiplied by 100 shares per contract, multiplied by the number of contracts.
Maximum loss on a long call equals the total premium paid, and happens if the stock finishes at or below the strike price at expiration.
Maximum profit is theoretically unlimited, since a stock's price has no upper ceiling.
This is the break-even price at expiration. Before expiration, the option still carries extrinsic value, so it can gain or lose money at stock prices above or below this number.
This assumes one standard equity option contract represents 100 shares and does not account for commissions, fees, or assignment mechanics.
Risk & liability disclaimer: This calculator produces a mathematical estimate based on the numbers you enter. It is not financial advice and does not guarantee any trading outcome. Options trading involves risk of loss, including the loss of the entire premium paid, and past results do not predict future performance. Trading Habits is not a broker-dealer, registered investment adviser, or tax professional, and is not affiliated with any broker, exchange, or data provider. We do not guarantee this tool is error-free or suitable for your situation. Always verify results independently and consult a licensed professional before making any trading or financial decision. You could lose some or all of the capital you trade with.
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