What is the max profit of a long call?

Unlimited: the profit keeps growing the further the price moves its way. The calculator gives the figure for your strikes and expiration.

What is the max loss of a long call?

Limited: there is a floor under what it can lose. The calculator gives the figure for your strikes and expiration.

How do I calculate a long call's profit and loss?

Open the long call in the strategy calculator. It places the legs on a real expiration, and you can drag the strikes, change the date, and read profit and loss by price and date, with max profit, max loss, and the breakevens.

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Long call calculator

Bullish. Buy a call so profit rises with the stock above the strike.

Open in the calculator All strategies

OutlookBullish

Max profitUnlimited

Max lossLimited

LevelNovice

What is a long call?

A long call is a bullish debit. You pay the premium up front; max loss is that debit. Above the strike the payoff rises one-for-one with the stock, with no cap.

Legs

Buy a call at strike A

Payoff at expiration, sketched. The live example below has the real prices.

Live example on SPY

Net debit$1,920.00

Max loss$1,920.00

Max profitUnlimited

Chance of profitLocked: ProUpgrade

BreakevenAbove $775.20 (+2.6%)At expiration

756C+112/18 · $19.20

SPY · Oct 30, 2026, 3:59 PM ET

With SPY at 755.53, on the Dec 18 expiration (49 days out): buy 1 756 call. Net debit $1,920. Max profit unlimited; max loss $1,920. Breakeven at expiration: Above $775.20 (+2.6%).

Open this long call in the calculator to move the strikes, change the date and implied volatility, and read profit and loss by price and date.

Questions

What is a long call?: A long call is a bullish debit. You pay the premium up front; max loss is that debit. Above the strike the payoff rises one-for-one with the stock, with no cap.
When does a long call make money?: Bullish. Buy a call so profit rises with the stock above the strike.
What is the max profit of a long call?: Unlimited: the profit keeps growing the further the price moves its way. The calculator gives the figure for your strikes and expiration.
What is the max loss of a long call?: Limited: there is a floor under what it can lose. The calculator gives the figure for your strikes and expiration.
How do I calculate a long call's profit and loss?: Open the long call in the strategy calculator. It places the legs on a real expiration, and you can drag the strikes, change the date, and read profit and loss by price and date, with max profit, max loss, and the breakevens.