Strangle Calculator

The Strangle Calculator displays the P/L and Greeks of strangles on the same chart at any time before expiry and allows you to modify the modeled implied volatility by leg. You can see where the volatility level is compared to 1-year historical ranges of the contracts you are trading in the volatility skew and term structure views.

For demonstration, a 30DTE delta 40 strangle on SPY is modeled. You can change the ticker and adjust the expiry and strikes to model your own trade.