What's my max profit, max loss, and breakeven on a vertical credit spread?

How this is calculated

• Spread width equals the distance between your two strikes.
• Max profit equals the total credit received, and it is realized if the stock stays on the profitable side of your short strike at expiration.
• Max loss equals the spread width minus the credit received, since the long option caps how far the trade can go against you.
• Breakeven adds the credit to the short strike on a call credit spread, or subtracts the credit from the short strike on a put credit spread.
• A standard equity option contract represents 100 shares. This calculator assumes standard, unadjusted contracts held to expiration; early assignment is possible on American-style options before then.