Buy a call
beginnerbullishStrategy parameters
Greeks (current)
Delta
53.427
Gamma
4.621
Theta
-6.312
Vega
11.395
Rho
4.094
Payoff diagram
P&L at expiryP&L today (theoretical)Current spot
Key metrics
Net cost
$361.16
Debit (paid)
Max profit
Unlimited
Max loss
-$361.16
Breakevens
$103.61
Scenarios at expiry
| Move | Spot | P&L at expiry | % of cost |
|---|---|---|---|
| -20% | $80.00 | -$361.16 | -100.0% |
| -10% | $90.00 | -$361.16 | -100.0% |
| -5% | $95.00 | -$361.16 | -100.0% |
| +0% | $100.00 | -$361.16 | -100.0% |
| +5% | $105.00 | $138.84 | 38.4% |
| +10% | $110.00 | $638.84 | 176.9% |
| +20% | $120.00 | $1,638.84 | 453.8% |
Mechanics & risks
How it works
A call option gives you the right to buy 100 shares at a fixed strike price until expiry. You pay a premium upfront. Profit grows as the stock rises above the strike.
When to use
You expect the stock to rise sharply within a known timeframe and want leverage with capped downside.
Risks
- Maximum loss = premium paid (100% of cost) if the option expires worthless.
- Time decay (theta): the option loses value every day all else equal.
- Stock must move enough to overcome the premium AND time decay before expiry.