# VTEB - VANGUARD TAX EXEMPT BOND Options Profit Calculator, Price & Chart

> Graphical, multi-leg complex stock option profit and loss calculator for VTEB.

Data as of Oct 19, 2026 (end of day). **Data is delayed**: the latest session is Nov 9, 2026. [Subscribe](https://www.optionistics.com/subscribe) to get the latest end-of-day data.

Stock at **48.01**. Build a position of up to 8 option legs plus stock; the chart shows P/L today and at expiration.

## Settings

| Field | Value |
|---|---|
| Stock price | 48.01 |
| Solve For | Price Change |
| Valuation date | Oct 19, 2026 |
| Model | European |
| Rate % | 3.88 |
| Volatility | Leg IV (each leg's implied volatility) |
| Hist Vol | 0.0345 |
| Indexed IV | 0.0453 |
| Div Amt | - |
| Ex-Date | - |
| Frequency | Quarterly |

## Position

| Expiry | Strike | P/C | Quan | Side | Cost | TPrice | Vol | Delta | Gamma | Theta | Vega | Rho |
|---|---:|---|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|
| 2026-11-20 | 48.00 | Call | 1 | Long | 0.2500 | 0.3337 | 0.0419 | 0.6168 | 0.6406 | -0.0067 | 0.0543 | 0.0257 |

**Cost** is the entry price per share, **TPrice** the theoretical value on the valuation date, **Vol** the volatility it is priced with; Greeks are per share (short legs negative). Quantities are contracts of 100 shares, or shares for the stock leg.

### Position totals ($)

| Cost | Value | P/L | Delta | Gamma | Theta | Vega | Rho |
|---:|---:|---:|---:|---:|---:|---:|---:|
| 25.00 | 33.37 | 8.37 | 61.68 | 64.06 | -0.67 | 5.43 | 2.57 |

Cost is the net debit paid (negative: a net credit), Value the position's theoretical value on the valuation date, P/L the difference; Greeks are position totals in shares.

## Profit and loss

Breakevens (where the P/L line crosses zero): **47.84**.

P/L by stock price from 24.01 to 71.52 (the chart spans 50% either side of the stock price; narrow it with `factor`, e.g. `factor=0.1` for 10%), every 4th of its 97 points.

At expiration, over the charted range, P/L runs from **-25.00** (at 24.01) to **2,327.01** (at 71.52).

| Stock price | P/L on Oct 19, 2026 | P/L at expiration |
|---:|---:|---:|
| 24.01 | -25.00 | -25.00 |
| 25.98 | -25.00 | -25.00 |
| 27.96 | -25.00 | -25.00 |
| 29.94 | -25.00 | -25.00 |
| 31.92 | -25.00 | -25.00 |
| 33.90 | -25.00 | -25.00 |
| 35.88 | -25.00 | -25.00 |
| 37.86 | -25.00 | -25.00 |
| 39.84 | -25.00 | -25.00 |
| 41.82 | -25.00 | -25.00 |
| 43.80 | -25.00 | -25.00 |
| 45.78 | -25.00 | -25.00 |
| 47.76 | -4.88 | -25.00 |
| 49.74 | 165.55 | 149.23 |
| 51.72 | 363.51 | 347.21 |
| 53.70 | 561.49 | 545.19 |
| 55.68 | 759.47 | 743.17 |
| 57.66 | 957.45 | 941.15 |
| 59.64 | 1,155.43 | 1,139.13 |
| 61.62 | 1,353.41 | 1,337.11 |
| 63.60 | 1,551.39 | 1,535.09 |
| 65.58 | 1,749.37 | 1,733.07 |
| 67.56 | 1,947.35 | 1,931.05 |
| 69.54 | 2,145.33 | 2,129.03 |
| 71.52 | 2,343.31 | 2,327.01 |

## How to use

Enter the position with query parameters. Option legs are `legs[N][field]`, N counting from 0, up to 4 legs ([subscribe](https://www.optionistics.com/subscribe) for 8): `expiry` (YYYY-MM-DD, required), `strike` (required), `putcall` (C or P), `side` (long or short), `quantity` (contracts, 1-1000), `cost` (entry price per share; default the contract's theoretical price), `ivol` (volatility override, decimal), `hidden` (1 leaves the leg out of the totals and chart). A stock leg: `stock[side]`, `stock[quantity]` (shares), `stock[cost]`. Or start from a `preset`: bull-call, bear-call, bull-put, bear-put, straddle, strangle, covered-call, covered-put, calendar-call, calendar-put, diagonal-call, diagonal-put, single-call, single-put. Pricing: `rate` (percent), `model` (a American, e European; default American when a dividend is set), `voltype` (0 slider, 1 indexed IV, 2 historical IV, 3 each leg's IV), `ivSlider` (1-400, with voltype 0), `dividend` (next dividend, dollars), `exDate` (YYYY-MM-DD), `frequency` (0 none, 12, 4, 2 or 1 a year). Chart: `solveFor` (p price change, dl days left), `factor` (price range either side of the stock price, 0.01-1, default 0.5), `dateOffset` (price change: value on the report date plus dateOffset + 1 days; default -1, the report date), `sliderPrice` (days left: the stock price to value at).

This position: `/calculators/stock-option-calculator/VTEB.md?legs[0][expiry]=2026-11-20&legs[0][strike]=48&legs[0][putcall]=C&legs[0][side]=long&legs[0][quantity]=1&legs[0][cost]=0.25`. A preset: `/calculators/stock-option-calculator/VTEB.md?preset=straddle`. With curl, pass `-g` (or encode the brackets as %5B and %5D).

## More for VTEB

- [Quote](https://www.optionistics.com/quotes/stock-quotes/VTEB.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/VTEB.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/VTEB.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=VTEB)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/VTEB.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/VTEB.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/VTEB.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/VTEB.md)
- [Probability calculator](https://www.optionistics.com/calculators/probability-calculator.md?symbol=VTEB)

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