3D options explorer

Explore how option structures respond to price, time and implied volatility. Start with a call, put, spread, straddle or iron condor, then rotate the surface and switch between P&L and Greeks.

Scenario analysis

Assumed spot

Implied volatility

Days to expiry

See strategy performance under different conditions

As Spot and time change, will this strategy make or lose money?

Spot (S)

DTE (T)

P&L

About this example

Illustrative SPX structures anchored at 6,500, with theoretical premiums and a single IV. These are example parameters, not live quotes. Changing IV or expiry reprices the example at entry as well as across the surface.

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Reading the surface

Each point on the surface is a model result for the two selected inputs. P&L shows the modeled change from the example's entry value. Delta, gamma, theta and vega show different sensitivities. Use the analysis presets to explore a question, or choose your own axes in Manual mode.

Examples use theoretical option prices, constant volatility across strikes and no trading costs. They explain model behavior; they do not predict returns or represent executable market prices.