Strategy lab

An options laboratory, not a calculator.

Build any multi-leg structure and see expiry + T+0 payoff, Black-76 greeks on the forward, margin with hedge offsets, and basket execution that never double-fires a filled leg — even with no broker connected.

See the trade before you take it

The Strategy lab is an options payoff laboratory. Compose any multi-leg position — from the option chain with one click per strike, from templates (straddle, strangle, vertical, iron condor, butterfly), or by hand — and see the expiry payoff and the T+0 curve instantly: breakevens, max profit, max loss, and how the position breathes as spot, time and IV move.

Model honesty

Payoff curves are Black-76 projections: real fills pay spreads, and IV moves when the market does. The lab prices the same forward basis the live chain uses, marks illiquid strikes as having no live premium instead of pricing them at zero, and shows charges where they apply — but a model is a map, not the territory.