Options Guide

Options Calculators

To help formulate your options trading strategies, Firstrade offers options calculators to get you started. These include our basic, advanced, cycles, collar, and covered call calculators.


Basic Options Calculator

This basic calculator describes step by step all of the input parameters used to price an option (underlying price, strike price, expiration date, volatility, interest rate and dividends). Once you get a good understanding of these concepts you can move on to the advanced calculator (below).

Basic Options Calculator

Advanced Options Calculator

Once you master the basics, take your options strategy to the next level when you explore advanced concepts with our advanced options calculator.

Options Cycles Calculator

This calculator provides expiration dates for any cycle that you choose.

You determine which cycle your options fall under by matching the current trading months with what you see displayed here. If the months match, then the underlying instrument's (equity) options are in that cycle.

You can change your test date to any day between 1/1/1990 and 12/31/2050 to see what dates were or will be.

Options Cycles Calculator

Collar Calculator

The collar calculator and 20-minute delayed options quotes are provided by IVolatility, and not by the Office of the Comptroller of the Currency (OCC). OCC makes no representation as to the timeliness, accuracy, or validity of the information and this information should not be construed as a recommendation to purchase or sell a security, or to provide investment advice. For more information or help, please view our help files or contact our options professionals at 1-888-OPTIONS (1-888-678-4667).

Collar Calculator

Covered Call Options Calculator

The covered call options calculator and 20-minute delayed options quotes are provided by IVolatility, and not by the OCC. OCC makes no representation as to the timeliness, accuracy or validity of the information and this information should not be construed as a recommendation to purchase or sell a security, or to provide investment advice. For more information or help, please view our help files or contact our options professionals at 1-888-OPTIONS (1-888-678-4667).

Covered Call Calculator

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