Professional Options Calculator

Straddle & Strangle Calculator

Calculate profit/loss, breakeven points, and risk analysis for straddle & strangle option strategies. Perfect for volatility trading and earnings plays.

Long Straddle
Short Straddle
Long Strangle
Short Strangle

Strategy Parameters

Spot Price Current market price
Strike Price (Call) ATM for straddle
Strike Price (Put) For strangle only
Call Premium Per share
Put Premium Per share
Lot Size Shares per lot
Number of Lots Quantity

Results

Max Profit Potential
Unlimited
Long Straddle
💰
Total Premium
₹14,750
💸
Max Risk
₹14,750
🎯
Breakeven Lower
₹23,205
🎯
Breakeven Upper
₹23,795
Payoff Analysis at Expiry
If price moves to ₹24,500 +₹35,250
If price moves to ₹22,500 +₹35,250
If price stays at ₹23,500 -₹14,750
Lower Breakeven
₹23,205
Upper Breakeven
₹23,795
Long Straddle Strategy
When to use: Expect big price movement but unsure of direction (earnings, events).
Max Profit: Unlimited on both sides.
Max Loss: Total premium paid (if price stays at strike).
Breakeven: Strike ± Total premium per share.