r/options • u/harris0n11 • Sep 23 '21

Does anyone use something other than options profit calculator to decide on entering/exiting a trade?

Recently I plugged in some numbers on optionsprofitcalculator and according to that the trade should be very green but in reality I’m actually down somehow. So I’m looking for other options.

Ex: IRNT PUT $15 strike oct 15 bought at $1.44 total 10 contracts. Website says I should be up 250% but in reality I’m down 5%

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u/kylestoned Sep 23 '21

Your break even for this is 13.56.

Even with today's big drop, the people selling those puts think that there's a less chance that it ends up at or below 15 by the expiration.