Options Profit Calculator

Getting started

Intro Basics Reposition Transform Save & Delete

Getting Started

Search For an Equity

Search for any fund or company by ticker or name - Unusualwhales will have indices soon 😉

Load a Strategy 🔨

Unusualwhales has pre-built strategies you can choose from. Sort by max profit or other criteria. Click to build

Done

That's it. No fuss. Onward to learning instead of tedious option picking 😅

...or select an option

Of course, Unusualwhales has all of the individual options to choose from 🙌 - either build from scratch or edit a current trade. Click the call or put buttons to add

Basics

Current Trade

On Unusualwhales's OPC, you are always editing a Trade. You may edit the current trade however you please and then save it when desired

New Trade

You may exit the Trade to edit a new one by clicking the Plus-Page Icon in the Ribbon

Load As New

Load an existing pre-built or saved Trade which will exit the current Trade

Toggle New

Use the arrow buttons to toggle between pre-built or custom strategies, loading each one as a new trade

Start Fresh

Will remove current Trade

Reposition a Trade

Open the Reposition Panel

You can reposition a trade before or after building it. If before, click the reposition button in the load strategy menu. If after, open the ribbon reposition tab which is found in the Edit Trade menu when on mobile. Note that repositioning a trade will automatically align the expirations of a mixed-expiration Trade to the most common expiration

Shift Expiration

Click buttons the strategy expiration nearer or farther in time. You can also use the drop-down menu to select a date

Shift Mid Price

Click the up and down buttons to shift strategy to higher and lower strike prices. You can also enter in a mid price of your choosing and Unusualwhales will find the nearest mid price available given the options written at the given spread and current expiration. Note that using the buttons, Unusualwhales will move all strategy options to their next respective strike, so the spread may change. Alternatively, when entering in a new mid price rather than using the buttons, Unusualwhales will retain the spread

Change Dollar Spread (Width)

Squeeze or expand the left or right sides of the strategy using the buttons or enter in a desired spread and Unusualwhales will find the nearest spread available given the current mid price and expiration. You cannot adjust the spread of a single-strike strategy so this option will be unavailable for single-strike strategies

Transform a Trade

Open the Transform Menu

You can transform only an existing trade. In the Transform Menu, click on the strategy you would like to tranform the current strategy into

Shape 📐

Think of Shape versions as a stencil or blueprint. If the strategy selected is a Shape strategy, Unusualwhales will build the strategy over the current expiration, mid price and spread. Shape strategies contain information about the relative distance between strikes and the relative qty of each leg

Exact 📸

Think of Exact versions as a snapshot. If the strategy selected is an Exact strategy, Unusualwhales will build the strategy using the exact options of that strategy and ignore all position information of your current strategy

After Transforming

You may edit the trade as usual and choose to save over the current trade or save as a new trade

Saving and Deleting Trades

Saving

When you save a trade, Unusualwhales will save the Exact version which contains all options exactly as saved and a Shape version which remembers the shape. You can rebuild the saved Shape version over any mid price, spread and expiration of your choosing

Deleting

When deleting a trade, Unusualwhales will remove both the Exact and Shape versions

With Unusual Whales

Get the best broker for options trading and earn Unusual Whales discounted in cash with an eligible account deposit at tastytrade. Get Unusual Whales Discounted when you deposit $2000 in your new tasty account

Build Strategy

Gain:

Since:today

Warning:

Avg Imp. Vol.

0.0%

Offset

0.0%

Quantity Sync

Legs Independent

Purchase Method

Fetching all ops and calculating up-to-date implied volatility

Back to all strats

Short Put Ladder

pre-built

shape

A bet on volatility 🌊🤪 with bearish 🐻 bias. You sell an ITM put, and then buy an ATM put as well as another lower OTM strike put with the same expiration. You have limited downside and unlimited upside.

Net Credit$0

Max Loss$0

Max Profit$0

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