Calculate the profit or loss of a long call or put option at expiry, given the spot price.
Call intrinsic value at expiry = max(Spot − Strike, 0). Put intrinsic value = max(Strike − Spot, 0). P&L = (Intrinsic value − Premium paid) × Lot size.
Educational tool only — not investment advice. Markets involve risk; past performance and illustrative math don't guarantee future results.