Calculate Max Profit, Max Loss & Probability of Success
Confused by put spread math? Can't figure out your max profit and breakeven? Our calculator shows your complete risk/reward picture—max profit, max loss, both breakeven points, probability of success, and assignment risk—instantly.
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Two Different Strikes, Two Different Outcomes — Impossible to track mentally
Max Profit is Hidden in the Spread Width — You don't know if it's worth your time
Breakeven is Counterintuitive — Not the same as your short strike
Assignment is Confusing — You don't know what happens if stock crashes
Stock drops 10%? IV spikes?
Is this trade worth it?
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Master credit spreads with our comprehensive guides. Learn optimal DTE selection, risk management, and how to choose between call and put spreads.
Bullish strategy using put credit spreads
Bearish strategy using call credit spreads
Compare credit spread strategies side by side
Data analysis: 30, 45, and 60-day credit spread performance
Strike selection, DTE, and adjustment rules for bearish spreads
Short put strike (what you're selling) and long put strike (your protection floor)
What you collected from short put and paid for long put, plus DTE
See max profit, max loss, breakeven, and whether the risk/reward ratio is worth it
Max Profit
$100
Max Loss
$400
Breakeven Price
$574
Probability of Profit
72%
Bullish strategy using put credit spreads
Bearish strategy using call credit spreads
Compare credit spread strategies side by side
Data analysis: 30, 45, and 60-day credit spread performance
Everything you need to know about getting started
