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.
- Black-76 pricing with live IV — greeks (delta, gamma, theta, vega) per leg and for the whole structure, priced on the forward like the market actually prices index options.
- Works with no broker connected. A synthetic pricing mode draws the full lab standalone, so you can study structures on a weekend with nothing signed in.
- Margin before you commit — basket margin with hedge offsets from your broker, beside the max-loss number, so “can I afford this?” is answered before the first leg fires.
- Basket execution that survives reality. Placing a multi-leg basket tracks each leg's outcome individually: filled legs are never re-placed after a partial failure, uncertain legs lock out auto-retry until reconciled, and buys sequence before sells where margin demands it.
- Portfolio greeks — your whole F&O book netted into rupee-scaled delta/gamma/theta/vega, so you know what you're actually carrying, not per-position fragments.
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.