Chart
Controls
Several controls allow you to pick an options strategy and adjust its parameters.
Current values
Under controls, there is a panel with current values of the most parameters of a strategy.
Max Loss / Max Profit
Theoretically possible maximum loss and maximum profit values of a strategy. Learn more.
Win Rate
There are green segments on the risk profile chart, where strategy expires with profit, and red segments, where strategy expires with loss. Learn more.
Breakeven
Breakeven points are underlying instrument prices where the strategy has zero profit at expiration. Learn more.
Greeks
Values of Delta, Gamma, Vega, Theta, and Rho at the current moment for the selected strategy.
Values of the Greeks are summed for each position in the strategy. For example, in our strategy, we have 2 options with delta values of 0.66 and -0.22. The overall delta of the strategy will be 0.66 - 0.22 = 0.44. The same rule applies to all the Greeks.
Learn more:
Chart
The core thing. X-axis is an underlying instrument price. Left Y-axis shows a P&L of a strategy. The right Y-axis shows values of selected Greek (orange line).
You can zoom chart with the mouse wheel.
There are several lines on the chart:
Payoff profile or risk profile – green/red line
Shows the financial result of a strategy at expiration. Segments, where the line is green, are profitable at expiration.
P&L – blue line
Strategy P&L at the current moment depends on the underlying instrument price. Time decay brings this line to the payoff profile at expiration.
Greeks – orange line
Selector under the chart allows you to choose a Greek that will be displayed on the chart.