When Is a Crypto Call Option Considered to Be at the Break-Even Point?

A crypto call option reaches its break-even point when the price of the underlying cryptocurrency equals the strike price plus the premium paid per share. At this specific price, the option's intrinsic value is exactly equal to the cost of the premium.

The option buyer has neither made a profit nor incurred a net loss, excluding transaction costs. Any price movement above this point results in a net profit.