Options Probability Calculator

This Options Probability Calculator for determining strike price levels for Iron Condor options strategies. The same principle can be applied for covered calls and other written option strategies.

How to use the options probability calculator:

• Enter the current Underlying Market Price of the asset you wish to analyze.
• Enter the Expiry date (in days from today) at which your options will expire.
• Enter the Volatility of the stock (a value between 0.00% and 150.00%.)
• Enter your Upper Boundary price. This is the sold call strike price
• Enter your Lower Boundary Price. This is the sold put strike price

After selecting calculate probability you will see a green band in the middle of the bell curve. This band represents the area where we have calculated the stock will most probably trade over the life of the trade.

If you have any comments or suggestions for the calculator let us know at our blog post Options Probability Calculator.

Help: If you can not see the above calculator then you will need to update your Java

Disclaimer:
The probability calculations are approximations and are subject to data errors, computation error, variations in prices, bid and ask spreads, interest rates, and future undeclared dividends. This calculator estimates the probability of future prices based on current market conditions or user entered data. Factors used as a basis for the probability computations are subject to change.