RISK & PLANNING TOOL
Compare common stock and option break-even prices from manual trade inputs.
Update any value to recalculate.
Calculated from the values above.
Option break-even values exclude commissions, assignment costs, dividends, and early exercise considerations.
Break-even identifies the underlying price where a selected trade recovers its stated entry cost before fees.
Choose the trade type and enter the matching strike and premium or debit. Use the calculated figure as an expiration reference; compare it with current price and time remaining instead of treating it as an automatic exit point.
Long call break-even is strike plus premium; long put break-even is strike minus premium.
The calculation is an expiration reference based on the selected premium or debit. Fees, taxes, and a pre-expiration sale are intentionally not included in the displayed level.
A $105 call purchased for $3 breaks even at $108 at expiration before fees.
Break-even is an expiration reference point, not a prediction or an automatic exit level. Before expiration, an option can trade above or below its break-even because it still has time value.
Do not mix per-share and per-contract figures. A $3 option premium means $300 per standard contract before fees, not $3 of total capital at risk.
Fees, slippage, dividends, early exercise, and changing option value before expiration are excluded.