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RISK & PLANNING TOOL

Break-Even Calculator

Compare common stock and option break-even prices from manual trade inputs.

Inputs

Update any value to recalculate.

Results

Calculated from the values above.

Stock trade break-even
$100.00
Long call break-even
$108.00
Long put break-even
$102.00
Debit spread break-even
$108.00

Methodology

Option break-even values exclude commissions, assignment costs, dividends, and early exercise considerations.

How this calculator works

Break-even identifies the underlying price where a selected trade recovers its stated entry cost before fees.

Formula or payoff

Long call break-even is strike plus premium; long put break-even is strike minus premium.

Practical example

A $105 call purchased for $3 breaks even at $108 at expiration before fees.

Risk and limitations

Fees, slippage, dividends, early exercise, and changing option value before expiration are excluded.