Lab
Options atlas
Profit and loss for 19 option strategies on any stock. Pick one, then move the strikes, time and volatility.
Long call
DirectionalView: Up, a lotBuy a call. Loss is capped at the premium; gains grow as the stock rises past the strike plus what you paid.
Cost to open$2,531you pay (net debit)
Max profitUnlimited
Max loss−$2,531
Breakeven$785.31+3.8% from now
Chance of profit33%at expiry, if the volatility is right
Profit & loss
At expiryTodayQQQ: latest price $756.20
Size
1× the strategy (each option contract = 100 shares)
30 days
30%
How much the market expects the stock to move in a year. Big tech is often 25–45%.4.0%
today
The dashed line: value before expiry, with time value left.Legs & Greeks
| Leg | Strike | Expiry | Premium | Delta | Gamma | Theta/day | Vega |
|---|---|---|---|---|---|---|---|
| Buy 1 Call | $760 | 30d | $25.31 | 50.9 | 0.61 | −$47.18 | $86.47 |
| Whole position | $2,531 | 50.9 | 0.61 | −$47.18 | $86.47 | ||
Premium is per share; Greeks are for the whole leg in dollars or shares. Delta: shares of stock the position acts like. Theta: what a day of time does to it. Vega: what one point more volatility does.
Premiums are theoretical (Black-Scholes with the volatility and rate above, no dividends, European exercise), not live option quotes, which free data doesn't include. Real prices differ, especially around earnings and for far-from-the-money strikes. For learning, not advice.