Free Options Calculators
Quick calculators for wheel strategy traders. No signup required. Use instantly.
Premium yield, CSP cash, assignment probability, cost basis, IV rank, theta decay, wheel capital, put margin, CC max profit, liquidity checker, position size, CC vs dividend, put spread max loss, expectancy. Each includes a step-by-step guide.
Available calculators
Premium Yield Calculator
Calculate premium yield and annualized return on options collateral.
CSP Cash Calculator
Find how much cash you need to sell a cash-secured put.
Assignment Probability Calculator
Convert delta to approximate assignment probability.
Cost Basis After Assignment
Calculate your cost basis after put assignment.
IV Rank Calculator
Check if implied volatility is high or low for selling.
Delta to PoP Converter
Convert delta to probability of profit.
Theta Decay Calculator
Estimate average daily theta decay on your position.
Wheel Capital Calculator
Calculate capital required to run the wheel strategy.
Put Margin Calculator
Estimate margin requirement for selling puts.
Covered Call Max Profit
Max profit if your covered call gets assigned.
Options Liquidity Checker
Check volume and OI for tradable contracts.
Wheel Position Size
How many contracts based on portfolio and risk.
Covered Call vs Dividend
Compare CC premium yield vs dividend yield.
Put Credit Spread Max Loss
Worst-case loss on a put credit spread.
Wheel Expectancy Calculator
Expected return per wheel cycle.
Also see our Covered Call Calculator with live option chain data.