Options Payoff Lab
Sketch an option structure, see its expiry payoff before you price it.
Options Payoff Lab is a free online tool that draws profit-and-loss diagrams for multi-leg option strategies at expiry, marking breakevens, maximum profit and maximum loss, and estimating each leg's delta.
Strategy
Legs
Payoff at expiry
Add a leg or pick a preset to draw the payoff curve.
Greeks (Black-Scholes delta per leg)
| Leg | Δ delta | Qty | Net Δ |
|---|---|---|---|
| Total |
Educational sketch tool only — not financial advice. Payoffs shown are at expiry and ignore commissions, dividends, early exercise, and bid/ask spreads. Greeks are Black-Scholes approximations for European-style options.