Calculator
Options Breakeven
Calculator
The price the underlying must reach for a call, put, straddle or strangle to break even at expiry.
Your position
₹
₹
Breakeven
Breakeven price
₹0
Total premium₹0
Breakeven is at expiry, ignoring brokerage and taxes. Add charges with the brokerage calculator for the true breakeven.
Breakeven formulas
- Long call: strike + premium.
- Long put: strike − premium.
- Long straddle (same strike): upper = strike + (call + put premium); lower = strike − (call + put premium).
- Long strangle: upper = call strike + total premium; lower = put strike − total premium.
Breakeven tells you the move the underlying must make just to cover the premium. Combine it with the options profit calculator to see the full payoff, and the brokerage calculator to fold in costs.
Find the strikes that fit
Live option chains with premiums, OI, IV and max pain for every NSE F&O instrument — free on TradePulse.