Options Strategy Builder

Options Strategy Builder

Design, test, and refine options strategies before executing. Build spreads from scratch or use pre-made templates with real-time P&L and Greeks visualization.

Category

Trading

Inspired By

• TradingView Options Strategy Builder
• OptionStrat
• Thinkorswim Strategy Roller
• Tastytrade

Features

Strategy Templates (30+)

Bullish:

• Long Call, Bull Call Spread, Bull Put Spread
• Call Ratio Backspread, Synthetic Long
• Poor Man's Covered Call (PMCC)

Bearish:

• Long Put, Bear Put Spread, Bear Call Spread
• Put Ratio Backspread, Synthetic Short

Neutral:

• Iron Condor, Iron Butterfly, Straddle, Strangle
• Calendar Spread, Diagonal Spread
• Jade Lizard, Big Lizard

Income:

• Covered Call, Cash-Secured Put
• Wheel Strategy, Collar

Visual Builder

• Drag & Drop: Add legs visually on option chain
• P&L Diagram: Real-time profit/loss chart
• Break-Even Points: Automatic calculation
• Max Profit/Loss: Risk visualization
• Greeks Profile: Delta, Gamma, Theta, Vega curves

What-If Scenarios

• Price Movement: How does P&L change with underlying?
• Time Decay: Theta impact over days/weeks
• IV Changes: Vega exposure simulation
• Assignment Risk: Early exercise probability
• Roll Analysis: Compare roll options

Advanced Features

• Multi-Leg Support: Up to 8 legs per strategy
• Custom Ratios: Unbalanced spreads
• Different Expirations: Diagonal strategies
• Index vs ETF: Compare SPX vs SPY options
• IV Rank/Percentile: Context for current volatility

Execution Integration

• One-Click Trade: Send strategy to broker
• Limit Order: Calculate mid-price
• Adjustment Alerts: When to roll or close
• Auto-Management: Profit/loss targets

Usage

import { OptionsStrategyBuilder } from 'kit-trading/skills/options-strategy-builder';

const builder = new OptionsStrategyBuilder();

// Build an Iron Condor
const strategy = await builder.create('AAPL', {
  template: 'iron-condor',
  expiration: '2026-03-21',
  width: 5,
  delta: 0.15
});

// Analyze the strategy
console.log(strategy.analysis);
// {
//   maxProfit: 245,
//   maxLoss: 255,
//   breakEvens: [177.55, 192.45],
//   probabilityOfProfit: 0.68,
//   greeks: { delta: 0.02, theta: 12.5, vega: -45 }
// }

// What-if analysis
const scenarios = await builder.whatIf(strategy, {
  priceChange: [-5, 0, 5],
  ivChange: [-10, 0, 10],
  daysForward: [7, 14, 21]
});

API Endpoints

• GET /api/options/:symbol/chain - Full options chain
• POST /api/options/strategy - Build strategy
• GET /api/options/templates - Available templates
• POST /api/options/analyze - P&L and Greeks analysis
• POST /api/options/whatif - Scenario analysis
• POST /api/options/execute - Send to broker