Payoff at expiry

Options Strategy Builder

Stack option legs and see what the position actually pays on expiry day. Breakevens, max profit, max loss and net premium recompute on every keystroke — it opens on a live iron condor.

Profit / loss at expiry

Interactive payoff chart. Point at it, or focus it and press the left and right arrow keys, to read profit or loss at any underlying price. Home and End jump to the ends of the range.

drag across the chart, or focus it and press ← →
  • Net premium— 
  • Max profit— 
  • Max loss— 
  • Breakeven— 
  • Reward : risk— 
  • P/L at spot— 

Expiry-only payoff: no time value, implied volatility, dividends, early assignment, commissions or margin. One contract = 100 shares. Educational tool, not investment advice.

Position

iron condor
price now

Short legs collect premium, long legs pay it. A stock leg uses entry as the share price paid and counts in 100-share lots.