Options Visualizer

Pick a strategy at the top. A plain-English guide appears immediately. Later-day numbers are estimates, not promises.

STRATEGIES
BASIC

What is a Call?

A Call is the simplest bullish option. You pay a premium for the right to buy the stock at a chosen strike price before expiration. You do not have to buy the stock — you are paying for the chance that it goes up.

How it is constructed

This is a one-leg strategy: you buy one call contract for every 100 shares of exposure you want.

How many legs

1 leg — buy 1 call.

Which contracts are bought

You buy a call at the strike you select.

Which contracts are sold

You do not sell any options in a basic long call.

When the strategy makes money

The stock finishes above your strike plus the premium you paid (your breakeven).

When the strategy loses money

The stock stays at or below the strike, or does not rise enough to cover the premium.

Maximum potential profit

Theoretically unlimited. The higher the stock goes, the more the call can be worth.

Maximum potential loss

Limited to the premium you paid (price per share × 100 × number of contracts).

Breakeven points

Strike + premium paid per share.

What happens if the stock goes up

If the stock rises enough, the call becomes more valuable and you can profit.

What happens if the stock goes down

If the stock falls, the call can expire worthless and you lose what you paid.

What happens if the stock stays near the target price

If the stock goes nowhere, time usually works against you and you can lose some or all of the premium.

UNDERLYING
MSFT
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