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Options Structure Lab

Model the payoff and greeks for the structure and prices you entered.

Comes with: Professional Options Trading Masterclass (POTM): Options tools

Using the Options Structure Lab

Options tools: POTM

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Illustrative example, not current market data

This is a preview, so every field and button below is switched off and the figures stay as they are. They all work once your access is verified.

Example

Illustrative example, not current market data.

Manual entry means prices are what you type; there is no live options chain here. The payoff at expiry is exact from your numbers. The greeks and what-if grid are Black-Scholes model estimates, educational, not quotes.

1. Choose a structure

Bullish; buy a lower call, sell a higher call. Loss capped at the debit.

2. Enter your prices

Leg 1
Leg 2

One contract is 100 shares, and every money figure below uses that. A contract on a different multiplier (an index or a non-US market) is not supported: the payoff would be out by the ratio between the two.

3. Results

Max loss
668.00
Max gain
832.00
Reward : risk
1.25 : 1
Net debit / credit
668.00 debit
Breakeven
321.68
Return on capital
124.55%

Amounts are in the currency of the prices you typed. The lab does not convert, and it does not know which currency that is.

Payoff at expiry

At expiry Gain Loss Model value now
0832-668BE 321.68157.5spot 322495

Gold line is the exact payoff at expiry from your prices. The dashed green line, when shown, is the structure's model estimate (Black-Scholes) value today. It is educational, not a quote.

Net greeks (model estimate (Black-Scholes))

Delta
59.33 sh
Gamma
-0.359
Theta
1.14/day
Vega
-18.95/1%
Rho
22.73/1%

What-if

model estimate (Black-Scholes)

Model profit or loss if the underlying moves (across) and implied volatility shifts (down), with no time elapsed. Same currency as the premiums you typed.

IV \ Spot-10%-5%0%+5%+10%
-5 pts-668-668139808825
0 pts-668-6360678816
+5 pts-664-547-60502757

Time decay at unchanged price and volatility:

Now⅓ elapsed⅔ elapsedAt expiry
0194032

What this tool does

Build and compare a defined-risk options structure using the prices you enter, then read its theoretical payoff, breakevens, maximum modelled loss and net greeks before you place it. Actual outcomes can differ once execution prices, fees, slippage, assignment and early exit come in.

The full instructions, and the definition and limit of every number it produces, open with the tool itself.

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