Long Call (bullish) Calculator

Purchasing a call is one of the most basic options trading strategies

and is suitable when sentiment is strongly bullish. It can be used as
a leveraging tool as an alternative to margin trading.

Underlying stock symbol

Symbol: bmy Get price ?

Current price*: $ 52.94 ?

Option
Buy or write Buy

Option: 19th Jan 2024 $50 Call Select

Price per option* $ 2.86 ?

Contracts*: # 1 x100 ?
Total cost: $ 286

Calculate

Stock price range: $ 49.8 – 54 ?

Create new copy ?

Estimated returns
As at 26th Dec 2023 (BMY $52.94)
Entry cost: $286.00 see details
Maximum risk: $286.00 (at BMY$50.00)
Maximum return: infinite (on upside)
Max return on risk: N/A
Breakevens at expiry: $52.86
Probability of profit: 51% ?
IV CHANGE ? CHART STYLE CHART VALUES ?
±0% Option/spread value

Dec Jan
BMY 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Exp +/-%
53.90 4.2 4.18 4.17 4.15 4.13 4.12 4.1 4.08 4.07 4.05 4.04 4.02 4.01 4 3.98 3.97 3.96 3.95 3.94 3.93 3.93 3.92 3.91 3.91 3.9 3.9 1.81%
53.80 4.11 4.09 4.08 4.06 4.04 4.02 4.01 3.99 3.97 3.96 3.94 3.93 3.91 3.9 3.89 3.87 3.86 3.85 3.84 3.83 3.83 3.82 3.81 3.81 3.8 3.8 1.62%
53.70 4.02 4 3.99 3.97 3.95 3.93 3.92 3.9 3.88 3.87 3.85 3.83 3.82 3.8 3.79 3.78 3.76 3.75 3.74 3.73 3.73 3.72 3.71 3.71 3.7 3.7 1.44%
53.60 3.93 3.92 3.9 3.88 3.86 3.84 3.82 3.81 3.79 3.77 3.76 3.74 3.72 3.71 3.69 3.68 3.67 3.65 3.64 3.63 3.63 3.62 3.61 3.61 3.6 3.6 1.25%
53.50 3.85 3.83 3.81 3.79 3.77 3.75 3.73 3.72 3.7 3.68 3.66 3.64 3.63 3.61 3.6 3.58 3.57 3.56 3.54 3.53 3.53 3.52 3.51 3.51 3.5 3.5 1.06%
53.40 3.76 3.74 3.72 3.7 3.68 3.66 3.64 3.62 3.61 3.59 3.57 3.55 3.53 3.52 3.5 3.49 3.47 3.46 3.45 3.44 3.43 3.42 3.41 3.41 3.4 3.4 0.87%
53.30 3.67 3.65 3.63 3.61 3.59 3.57 3.55 3.53 3.51 3.5 3.48 3.46 3.44 3.42 3.41 3.39 3.37 3.36 3.35 3.34 3.33 3.32 3.31 3.31 3.3 3.3 0.68%
53.20 3.58 3.56 3.54 3.52 3.5 3.48 3.46 3.44 3.42 3.4 3.39 3.37 3.35 3.33 3.31 3.29 3.28 3.26 3.25 3.24 3.23 3.22 3.21 3.21 3.2 3.2 0.49%
53.10 3.5 3.48 3.46 3.44 3.42 3.4 3.38 3.36 3.33 3.31 3.29 3.27 3.26 3.24 3.22 3.2 3.18 3.17 3.15 3.14 3.13 3.12 3.11 3.11 3.1 3.1 0.30%
53.00 3.41 3.39 3.37 3.35 3.33 3.31 3.29 3.27 3.25 3.22 3.2 3.18 3.16 3.14 3.12 3.11 3.09 3.07 3.06 3.04 3.03 3.02 3.01 3.01 3 3 0.11%
52.90 3.33 3.31 3.29 3.27 3.24 3.22 3.2 3.18 3.16 3.14 3.11 3.09 3.07 3.05 3.03 3.01 2.99 2.98 2.96 2.94 2.93 2.92 2.91 2.91 2.9 2.9 -0.08%
52.80 3.25 3.23 3.2 3.18 3.16 3.14 3.11 3.09 3.07 3.05 3.03 3 2.98 2.96 2.94 2.92 2.9 2.88 2.86 2.85 2.83 2.82 2.81 2.81 2.8 2.8 -0.26%
52.70 3.16 3.14 3.12 3.1 3.07 3.05 3.03 3.01 2.98 2.96 2.94 2.91 2.89 2.87 2.85 2.83 2.81 2.79 2.77 2.75 2.73 2.72 2.71 2.71 2.7 2.7 -0.45%
52.60 3.08 3.06 3.04 3.01 2.99 2.97 2.94 2.92 2.9 2.87 2.85 2.83 2.8 2.78 2.76 2.73 2.71 2.69 2.67 2.65 2.64 2.62 2.61 2.61 2.6 2.6 -0.64%
52.50 3 2.98 2.96 2.93 2.91 2.88 2.86 2.84 2.81 2.79 2.76 2.74 2.72 2.69 2.67 2.64 2.62 2.6 2.58 2.56 2.54 2.53 2.51 2.51 2.5 2.5 -0.83%
52.40 2.92 2.9 2.87 2.85 2.83 2.8 2.78 2.75 2.73 2.7 2.68 2.65 2.63 2.6 2.58 2.55 2.53 2.51 2.48 2.46 2.44 2.43 2.42 2.41 2.4 2.4 -1.02%
52.30 2.84 2.82 2.79 2.77 2.75 2.72 2.7 2.67 2.65 2.62 2.59 2.57 2.54 2.52 2.49 2.46 2.44 2.41 2.39 2.37 2.35 2.33 2.32 2.31 2.3 2.3 -1.21%
52.20 2.76 2.74 2.72 2.69 2.67 2.64 2.61 2.59 2.56 2.54 2.51 2.48 2.46 2.43 2.4 2.38 2.35 2.32 2.3 2.27 2.25 2.23 2.22 2.21 2.2 2.2 -1.40%
52.10 2.69 2.66 2.64 2.61 2.59 2.56 2.53 2.51 2.48 2.45 2.43 2.4 2.37 2.34 2.32 2.29 2.26 2.23 2.21 2.18 2.16 2.13 2.12 2.11 2.1 2.1 -1.59%
52.00 2.61 2.59 2.56 2.53 2.51 2.48 2.46 2.43 2.4 2.37 2.35 2.32 2.29 2.26 2.23 2.2 2.17 2.14 2.12 2.09 2.06 2.04 2.02 2.01 2 2 -1.78%
51.90 2.54 2.51 2.48 2.46 2.43 2.4 2.38 2.35 2.32 2.29 2.27 2.24 2.21 2.18 2.15 2.12 2.09 2.06 2.03 2 1.97 1.94 1.92 1.91 1.9 1.9 -1.96%
51.80 2.46 2.44 2.41 2.38 2.36 2.33 2.3 2.27 2.24 2.22 2.19 2.16 2.13 2.1 2.06 2.03 2 1.97 1.94 1.91 1.88 1.85 1.82 1.81 1.8 1.8 -2.15%
51.70 2.39 2.36 2.33 2.31 2.28 2.25 2.22 2.2 2.17 2.14 2.11 2.08 2.05 2.01 1.98 1.95 1.92 1.88 1.85 1.82 1.78 1.75 1.73 1.71 1.7 1.7 -2.34%
51.60 2.31 2.29 2.26 2.23 2.21 2.18 2.15 2.12 2.09 2.06 2.03 2 1.97 1.94 1.9 1.87 1.83 1.8 1.77 1.73 1.7 1.66 1.63 1.61 1.6 1.6 -2.53%
51.50 2.24 2.22 2.19 2.16 2.13 2.11 2.08 2.05 2.02 1.99 1.96 1.92 1.89 1.86 1.82 1.79 1.75 1.72 1.68 1.64 1.61 1.57 1.54 1.51 1.5 1.5 -2.72%
51.40 2.17 2.15 2.12 2.09 2.06 2.03 2 1.97 1.94 1.91 1.88 1.85 1.82 1.78 1.75 1.71 1.67 1.64 1.6 1.56 1.52 1.48 1.44 1.41 1.4 1.4 -2.91%
51.30 2.1 2.08 2.05 2.02 1.99 1.96 1.93 1.9 1.87 1.84 1.81 1.77 1.74 1.71 1.67 1.63 1.6 1.56 1.52 1.48 1.43 1.39 1.35 1.32 1.3 1.3 -3.10%
51.20 2.04 2.01 1.98 1.95 1.92 1.89 1.86 1.83 1.8 1.77 1.74 1.7 1.67 1.63 1.6 1.56 1.52 1.48 1.44 1.39 1.35 1.31 1.26 1.22 1.2 1.2 -3.29%
51.10 1.97 1.94 1.91 1.88 1.85 1.82 1.79 1.76 1.73 1.7 1.67 1.63 1.6 1.56 1.52 1.48 1.44 1.4 1.36 1.32 1.27 1.22 1.17 1.13 1.1 1.1 -3.48%
51.00 1.9 1.87 1.85 1.82 1.79 1.76 1.73 1.7 1.66 1.63 1.6 1.56 1.53 1.49 1.45 1.41 1.37 1.33 1.28 1.24 1.19 1.14 1.09 1.03 1 1 -3.66%
50.90 1.84 1.81 1.78 1.75 1.72 1.69 1.66 1.63 1.6 1.56 1.53 1.49 1.46 1.42 1.38 1.34 1.3 1.26 1.21 1.16 1.11 1.06 1 0.94 0.9 0.9 -3.85%
50.80 1.77 1.75 1.72 1.69 1.66 1.63 1.6 1.56 1.53 1.5 1.46 1.43 1.39 1.35 1.31 1.27 1.23 1.19 1.14 1.09 1.04 0.98 0.92 0.85 0.8 0.8 -4.04%
50.70 1.71 1.68 1.65 1.63 1.6 1.56 1.53 1.5 1.47 1.43 1.4 1.36 1.33 1.29 1.25 1.21 1.16 1.12 1.07 1.02 0.96 0.9 0.84 0.77 0.7 0.7 -4.23%
50.60 1.65 1.62 1.59 1.56 1.53 1.5 1.47 1.44 1.41 1.37 1.34 1.3 1.26 1.22 1.18 1.14 1.1 1.05 1 0.95 0.89 0.83 0.76 0.69 0.61 0.6 -4.42%
50.50 1.59 1.56 1.53 1.5 1.47 1.44 1.41 1.38 1.34 1.31 1.27 1.24 1.2 1.16 1.12 1.08 1.03 0.99 0.94 0.88 0.83 0.76 0.69 0.61 0.51 0.5 -4.61%
50.40 1.53 1.5 1.47 1.44 1.41 1.38 1.35 1.32 1.28 1.25 1.21 1.18 1.14 1.1 1.06 1.02 0.97 0.93 0.88 0.82 0.76 0.7 0.62 0.53 0.42 0.4 -4.80%
50.30 1.47 1.45 1.42 1.39 1.36 1.33 1.29 1.26 1.23 1.19 1.16 1.12 1.08 1.04 1 0.96 0.91 0.87 0.81 0.76 0.7 0.63 0.56 0.46 0.33 0.3 -4.99%
50.20 1.42 1.39 1.36 1.33 1.3 1.27 1.24 1.2 1.17 1.14 1.1 1.06 1.03 0.99 0.94 0.9 0.86 0.81 0.76 0.7 0.64 0.57 0.5 0.4 0.26 0.2 -5.18%
50.10 1.36 1.34 1.31 1.28 1.25 1.21 1.18 1.15 1.12 1.08 1.05 1.01 0.97 0.93 0.89 0.85 0.8 0.75 0.7 0.65 0.59 0.52 0.44 0.34 0.19 0.1 -5.36%
50.00 1.31 1.28 1.25 1.22 1.19 1.16 1.13 1.1 1.06 1.03 0.99 0.96 0.92 0.88 0.84 0.79 0.75 0.7 0.65 0.59 0.53 0.47 0.39 0.29 0.13 0 -5.55%
49.90 1.26 1.23 1.2 1.17 1.14 1.11 1.08 1.04 1.01 0.98 0.94 0.9 0.87 0.83 0.79 0.74 0.7 0.65 0.6 0.54 0.48 0.42 0.34 0.24 0.09 0 -5.74%
49.80 1.21 1.18 1.15 1.12 1.09 1.06 1.03 0.99 0.96 0.93 0.89 0.85 0.82 0.78 0.74 0.69 0.65 0.6 0.55 0.5 0.44 0.37 0.29 0.2 0.05 0 -5.93%
STOCK PRICE RANGE ? DATE RANGE ?
$ 49.8 ‐ 54 mm/dd ‐ mm/dd

Click a cell to view the trade's exit.

+ How do you calculate call options?

+ How to choose the best strike price for a long call?
+ How much do you make on call options?
+ How do you use volatility on long calls
+ Time value of call options
+ What happens when call options expire?