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15-min delayed
Strategy · Live on SPY $652.40
Long call
beginneraggressive riskBuy a call. Defined risk, unlimited upside if the stock rallies past your strike.
Payoff workbench
Long call on SPY at $652.40
Expiry
Contracts1
Drag anywhere on the chart to test a price at expiryP/L at expiry · 1 contract (100 sh)
▲ +$2,633
in profitposition working
Profitable zone — P&L +$7,666 at mid-range.
The position is profitable at this price level. Consider your exit plan and whether you've reached your target return.
Cost to open
−$455
4.55/sh × 100 sh
Your P/L at $721
+$2,633
at the dragged expiry price
Break-even
$694.55
Max loss
−$455
Modelled estimate: premiums are approximations from delayed quotes. Confirm at your broker.
Live chain
Pick your strike: SPY calls · 30 days out
How it’s built
The legs: toggle them to see why each one matters
Long 1 call · $690 · 30d
Cost −$455
Result
Long call
Defined risk ($350 premium). Unlimited upside above the $108.50 breakeven.
Pairs well with
Unfamiliar term? The glossary defines it in a sentence, and the plain-English guides cover the ideas in longer form.
Educational only, not financial advice. Quotes delayed at least 15 minutes. Premiums, deltas and probabilities are modelled estimates, not live market quotes. Confirm at your broker. Denaras never places trades.