OptionLab · MSTS

Option chain

▤ CALLS					STRIKE	PUTS ▤
Δ	IV	θ	bid	ask	STRIKE	bid	ask	θ	IV	Δ

CALLS left PUTS right click adds click bid → sell/short · click ask → buy/long in-the-money at-the-money

How do you want to run the loaded strategy?

▶ Step through watch the trade forward at your pace — P&L, greeks, candlesticks, T+x risk graph

granularity

STRUCTURE

Saved strategies and rules

Saved strategies stored in this browser

Advanced search

Playdaily and 5-minute navigation

Legsposition structure

More actions

Greekslive exposure

IV what-if market IV

spot what-if spot now

every placed trade, combined P&L and greeks through time

book is empty — build a position and "＋ Add to book"

Pick a template (or use your Position legs), ladder it on a cadence, set exit rules, and get a full portfolio backtest — CAGR, Sharpe, drawdown, win-rate, equity curve. Sized by worst-case loss.

strategy template

rule name

start

end

cadence

every N days

entry DTE band

max open

risk / structure

profit target (% credit)

stop (× credit)

close after (days in trade)

close at (DTE left)

PT (% debit) — for calendars/DCs

stop (% debit) — for calendars/DCs

debit exits key off the price PAID (net-debit structures: calendars, double calendars, diagonals) — %-of-credit exits don't apply there

signal: IV rank ≥ (%)

signal: trend SMA

trend: enter when spot

signals gate entries: a tranche only opens when the enabled signals pass

M200: no entry if IVTS >

M200: exit book if IVTS >

M200: exit if spot < LLP

managed-book rules (M200): IVTS timing gate + structure-breach exit

universe (ctrl-click for multiple)

Saved rules define once, rerun anytime

Backtest this position

engine

start

end

entry time(s) ET

session filter

fees / entry $

undefined-risk wings

maximum wing ask $

maximum wing width · points

hedge

hedge friction $ / Δ

only these dates · optional

…

No position loaded — choose a strategy or build legs, then run the simulation from here.

Rules and hedging

RULES Unmanaged — hold to expiry Managed — apply exit rules

profit target % credit · stop × credit · close after days

AUTO-HEDGE delta (underlying) vega / gamma (options)

Δ band (shares) · slippage bps

hedge with band ($/volpt) · tenor DTE, roll @ · cost %

Every backtest you run is saved here in this browser — click a run to reopen its report, or tick two+ and compare their equity curves.

tick runs to compare, then ⭱ import