Selling a covered call on AAPL and want to know your annualized yield before you place the trade? Need to check if rolling your short put to the next expiry is worth the extra days? This free options calculator gives you the answer in seconds — for 8 strategies including covered calls, cash-secured puts, credit spreads, iron condors, and the wheel strategy.
Built by options traders, for options traders. No signup. No ads interrupting your flow. Just fast, accurate math when you need it most.
📊 OPTIONS PREMIUM CALCULATOR
Calculate net profit, annualized yield, period return, and breakeven for every major options selling strategy:
• Covered Call (CC)
• Cash-Secured Put (CSP)
• Naked Put / Naked Call
• Bull Put Spread (BPS)
• Bear Call Spread (BCS)
• Iron Condor (IC)
• The Wheel Strategy — with adjusted breakeven from accumulated premiums across cycles
Each calculation includes a P&L risk profile chart scaled to your exact position size and real premium collected.
🔄 ROLL OVER ANALYZER
The only mobile app with a dedicated rolling options calculator. Enter your original premium, buyback cost, and new premium to instantly see:
• Net roll credit
• Daily yield comparison (original vs. new expiry)
• Annualized yield for both legs
• Clear verdict: roll or hold
Stop guessing if the roll is worth it. Compare daily yield per dollar of margin and decide with confidence.
🏦 BOX SPREAD CALCULATOR
Calculate the implied IRR of any box spread and compare it against the real-time SOFR and €STR risk-free rates. Works with SPX, XSP, NDX, RUT, DAX, and EuroStoxx 50. Supports both credit (borrowing) and debit (lending) boxes, plus an inverse mode to find the exact premium for your target rate.
📐 POSITION SIZING & RISK MANAGEMENT
Enter your account capital, risk allocation percentage, and margin per contract. Get:
• Maximum contracts within your risk limit
• Capital distribution breakdown (committed, available, reserve)
• Assignment analysis with notional exposure and leverage ratio
• Margin stress test at -25%, +25%, and +50% scenarios
🎯 WHY TRADERS CHOOSE THIS OPTIONS CALCULATOR
• 100% free — no paywall to access core calculations
• Works offline — calculate on the go, no internet required
• 8 strategies in one app — covered calls, spreads, iron condors, wheel, and more
• Annualized yield on every calculation — compare any option trade like a professional
• Ticker search — auto-fill the underlying price by symbol
• History & export — save every calculation and export to CSV
• Share — send your trade analysis as an image to friends or your trading group
• Dark mode — easy on the eyes during late-night trading sessions
Whether you sell weekly covered calls for income, run iron condors for premium, or use box spreads for synthetic financing, this options calculator has the tools you need to trade smarter.
Download now — it's free.
Covered call, wheel, iron condor & spreads — calculate yield in seconds.