Short Call (Naked Call) Calculator
Calculate potential profit and loss for selling a naked call option. This is a bearish to neutral strategy with limited profit and unlimited risk.
High Risk Strategy
Naked calls have unlimited risk if the stock price rises. This strategy requires significant margin and is not suitable for all investors.
When you sell a naked call, you receive a premium upfront but take on the obligation to sell shares at the strike price if assigned. You profit when the stock stays below the strike price. Maximum loss is theoretically unlimited.
Current price: $100.00
Each contract = 100 shares
Max Profit
$300.00
Max Loss
Unlimited
Breakeven
$108.00
Premium Received
$300.00
Understanding Short Calls
A short call (or naked call) is an advanced options strategy where you sell a call option without owning the underlying shares. You receive premium upfront but take on significant risk if the stock rises.
When to Use a Short Call
- You believe the stock will stay flat or decline
- You want to collect premium income
- You're comfortable with unlimited risk exposure
Key Formulas
Breakeven Price
Breakeven = Strike Price + Premium ReceivedMaximum Profit
Max Profit = Premium × Contracts × 100Related Calculators
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