Option Calculator

Free Option Calculator

Black-Scholes model · NIFTY, BANKNIFTY & MCX options · Greeks + P&L scenarios

Spot Price

Strike Price

Days to Expiry

IV (%)

Risk-Free Rate (%)

P&L Settings

Premium Paid (₹)

Lot Size

Qty (lots)

Theoretical Premium

ATM

₹214.07/ unit

Intrinsic

₹0.00

Time Value

₹214.07

Total Cost

₹10,704

Delta

0.5281

Gamma

0.000798

Theta

-16.3901

Vega

13.2266

Breakeven & Risk

Breakeven

24150

+150 from spot

Max Loss

₹7,500

1 lot × 50

NIFTY must close above ₹24150 at expiry to profit. Currently ❌ not profitable.

P&L Scenarios

Tomorrow, same IV

-5%22,800

₹7,468

₹0.6

-3%23,280

₹6,876

₹12.5

-2%23,520

₹5,579

₹38.4

-1%23,760

₹2,723

₹95.5

-0.5%23,880

₹488

₹140.2

Flat24,000

+₹2,357

₹197.1

+0.5%24,120

+₹5,819

₹266.4

+1%24,240

+₹9,866

₹347.3

+2%24,480

+₹19,427

₹538.5

+3%24,720

+₹30,335

₹756.7

+5%25,200

+₹53,817

₹1226.3

Based on ₹150 premium · 1 lot · 50 qty/lot

How to Use This Calculator

1. Select Instrument

Click NIFTY, BANKNIFTY, etc. to load default lot sizes. Adjust spot & strike to your target levels.

2. Enter IV

Get current IV from NSE option chain or check India VIX. Higher IV = more expensive options.

3. Check Greeks

Delta tells position sensitivity. Theta shows daily decay cost. Don't ignore Theta on long options!

4. Analyze P&L

Enter your actual premium paid to see real P&L at different price levels tomorrow.

Practice options trading without risk

Get ₹10 Lakh virtual capital. Trade NIFTY & BANKNIFTY options risk-free.