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Educational risk analytics

Options & Volatility Suite

Payoff diagrams, Greeks, volatility structure, and exposure diagnostics for options-focused portfolios.

Sample options data · no recommendations

Strategy workstation

Spread / Strategy Builder

Choose a template and profile to generate editable legs. Athena analyzes payoff and risk only; it does not recommend trades.

StrategyProfileUnderlyingCurrent underlyingExpiration

Conservative: Closer strikes and lower defined risk.Balanced: Moderate strike width and payoff range.Aggressive: Wider strikes and higher payoff/risk range.

Generated editable legs

TypeSideStrikePremium

$600.00 total premium

Contracts

TypeSideStrikePremium

$1,050.00 total premium

Contracts

Workflow handoff

Create a draft from these generated legs. Nothing is saved to a portfolio or executed until confirmed elsewhere.

IV Rank

—%

Current IV —% · sample data

IV Percentile

—%

Percent of sample observations below current IV.

Skew analysis

ATM IV % · put skew % · call skew %

Term structure

Volatility surface

Implied volatility by expiration and moneyness. Darker gold cells indicate higher IV.

Sample surface

ExpiryMoneyness / strike zone

Sample data until live options surface access is available from Polygon/Massive.

Aggregate Greeks

Total strategy sensitivities with plain-English units.

Educational estimates

delta

+0.00

Directional exposure to the underlying.

gamma

+0.00

How quickly delta changes as the underlying moves.

theta

+0.00

Estimated time decay exposure.

vega

+0.00

Sensitivity to implied volatility changes.

rho

+0.00

Sensitivity to interest-rate changes.

Greeks by leg

Leg-level sensitivities make it easier to see which option creates directional, convexity, time-decay, and volatility exposure.

Leg	Side	Type	Strike	Expiration	Contracts	Delta	Gamma	Theta	Vega	Rho
No option legs available.

Greeks by underlying

Greeks by expiration

Options exposure map

Directional, convexity, volatility, and time-decay exposure grouped into useful options buckets.

Sample/manual inputs

Delta by moneyness

Gamma by strike

No exposure in this bucket.

Vega by expiration

No exposure in this bucket.

Theta by expiration

No exposure in this bucket.

Strategy Shock Testing

Quick Greek-based approximations for underlying, IV, and time-decay shocks.

Simplified Greeks

Shock estimates use simplified Greeks and do not replace full repricing.

Gamma by strike

Vega by expiration

Gamma exposure

Key strike concentration: None. Positive/negative zones are sample estimates.

Estimated Options Market Positioning

Provider data

—

Estimated gamma exposure units unavailable

Call OI

—

Put OI

—

Put/Call OI

—

Athena options interpretation

Custom Strategy

Custom Strategy. Payoff is driven by strike placement, net debit, underlying movement, volatility sensitivity, and time to expiration.

Main risk driver: underlying price path relative to strike placement.

Volatility sensitivity is based on current options-chain context.

Theta exposure is 0.00 across visible expirations.

Expiration payoff excludes early exercise, assignment timing, transaction costs, and changing IV.

Source: Rule-based Athena fallback. Educational risk analysis only; no recommendations or execution.