Crypto Options P&L Calculator

Calculate call and put option profit at expiry. Enter your trade details to see payoff across price scenarios.

Break-even price
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Current P&L
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Max loss
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P&L at expiry scenarios

BTC price at expiry P&L (USD) P&L (%)
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How to use this calculator

  1. Choose call or put and enter the strike price and current spot price.
  2. Add the premium paid and the expiry.
  3. Read your break-even and payoff so you know exactly what price you need at expiry.
  4. Compare the premium risked against the potential payoff before buying.

The theory behind it

Options give you the right — not the obligation — to buy (call) or sell (put) at a set strike price by a set expiry, for a premium paid upfront. Your maximum loss buying an option is that premium; your upside can be large. The trade-off is time decay: an option loses value as expiry approaches if price doesn't move your way. Options let you express precise views on direction, volatility and time — but the premium is the price of that flexibility.

Frequently asked questions

How do crypto options work?

A call option gives you the right to buy at the strike price; a put gives the right to sell. You pay a premium upfront. If price moves favourably past your break-even by expiry, you profit; if not, your loss is capped at the premium paid.

What is the break-even on an option?

For a call it's the strike plus the premium; for a put it's the strike minus the premium. Price must clear break-even at expiry for the trade to profit. The calculator computes it from your inputs.

Are options riskier than futures?

Buying options caps your loss at the premium, which can be less risky than leveraged futures that can be liquidated. Selling (writing) options, however, carries large or unlimited risk and is not for beginners.

New to this? Start with our free trading academy — every lesson links to a calculator.