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Options Spread

Result

Max profit6
Max loss4
↗ Finance

Options Spread — free online calculator.

Formula

Vertical spread max profit/loss from strike width and net premium.
  • Options Spread calculates its result from Lower strike, Upper strike, Net premium/debit. It uses the formula Vertical spread max profit/loss from strike width and net premium.. Change any input to recalculate the result instantly.
  • The main inputs are Lower strike, Upper strike, Net premium/debit. Enter them in the units and format shown in the calculator.
  • Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
  • Changing any input above recalculates the result with the same calculation engine used by this page.

Example: Options Spread

Inputs
  • Lower strike: 100
  • Upper strike: 110
  • Net premium/debit: 4

Using Lower strike = 100, Upper strike = 110, Net premium/debit = 4, the calculated result is Max profit: 6 | Max loss: 4.

Sample result: Calculating…

Frequently asked questions

What does the Options Spread calculate?

Options Spread — free online calculator.

Which values should I enter?

Enter Lower strike, Upper strike, Net premium/debit using the units and format shown beside each field.

What formula does this calculator use?

The calculator uses the following relationship: Vertical spread max profit/loss from strike width and net premium..

Why might my result differ from another source?

Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.

Does the result update automatically?

Yes. Changing an input updates the result using the same calculation engine shown on this page.

Page information

Updated: October 7, 2026