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The Trade Desk · Builder 001

Options Strategy Builder

Explore how selected option structures change across possible underlying prices at expiration. Every value is supplied by you and calculated privately in your browser.

Every position
is a point of view.
Test yours before
capital is at risk.
01

Define the position

$
$
$
contracts
02

Payoff at expiration

Illustrative
Maximum profitUnlimited
Maximum loss$500
Break-even$105
Options payoff at expirationA payoff chart generated from the entered strategy, strike, premium and contract quantity.
Profit / loss at expirationExcludes fees, tax, assignment and early exercise

Scenario table

Per entered contracts
Price at expiryMove from referenceProfit / loss

Model boundary: This is an expiration-payoff illustration, not a price forecast. It does not calculate Greeks, implied volatility, time decay before expiration, liquidity, fees, tax, assignment or exercise behavior.

Read the shape

A line is not a recommendation.

A payoff diagram describes the mathematical result of entered assumptions at expiration. It does not determine whether a position is suitable, likely, fairly priced or executable.

Private by default

Your position stays in this browser.

The builder runs locally. LikeOptions does not need an account and does not send the entered position to a server.

Current scope

Four foundational shapes

Long call, long put, long straddle and short straddle are available in this first builder. Multi-strike strategies require separate legs and validation before release.