Options Tools

Build any structure — calls, puts, spreads, iron condors — and see its at-expiration P&L curve. Breakevens, max profit and max loss are computed deterministically, with no account and no advice. Enter a ticker to load delayed real chains and snap strikes to the market.

• 7 strategies, single legs up to 4-leg condors
• Live chain lookup (delayed ≈15–20 min) or full manual mode
• Shareable build links that restore the exact structure

Model the probability that a structure is profitable at a chosen date — Black-Scholes prices plus Monte-Carlo terminal paths. See POP, probability of touch, and the full terminal P&L distribution for any structure.

• Exact risk-neutral POP for single legs, Monte-Carlo for spreads
• Terminal P&L histogram with breakevens
• Live chain lookup (delayed ≈15–20 min) or full manual mode

Map where dealer delta-hedging sits by strike: net GEX, the gamma-flip level, and the regime around spot. Derived from each contract's open interest and gamma — a modeled heuristic from delayed data, not real-time flow.

• Net dealer gamma and the gamma-flip level
• Per-strike GEX curve vs spot, single expiry or all expirations
• Honest modeling label — a snapshot, never advice