Features

Options Strategy Builder with Payoff

Build multi-leg strategies and see profit, loss and Greeks before you risk capital.

What is an options strategy builder

An options strategy builder lets you compose a strategy by combining multiple legs (calls, puts, the underlying) and visualize its payoff profile: how much you make or lose at each price of the underlying, at expiry and over time.

Seeing the payoff before you execute is essential: it shows breakeven points, maximum profit and maximum loss, and how the position reacts to the passage of time and changes in volatility through the Greeks.

On Gaudio OTT you build spreads, condors, calendars and custom strategies on any underlying with options, with payoff at expiry and at the current moment, Greeks and breakeven built in, and support for ES and NQ futures. Then you manage them in the portfolio manager.

How the strategy builder works

You add legs one at a time, picking type (call/put/stock), strike, expiry and direction (bought/sold). The builder instantly computes the combined payoff by summing each leg's profit at every price, and charts it at expiry and at the current moment.

On the same legs it computes aggregate Greeks — delta, gamma, theta, vega — and the breakevens. Delta tells you how the position moves with the underlying, theta how much it bleeds each day, vega how much it gains/loses if volatility changes: the full risk picture before you trade.

For ES and NQ futures the builder uses the correct multiplier and point value, so the payoff and Greeks reflect the real contract value, not an equity approximation. Saved strategies land in the portfolio manager, where you can track them over time.

The builder: compose legs and see payoff, Greeks and breakeven in real time

The builder: compose legs and see payoff, Greeks and breakeven in real time

The portfolio manager: save and track your strategies over time

The portfolio manager: save and track your strategies over time

How Gaudio OTT helps

Interactive multi-leg payoff

Combine multiple legs and instantly see the profit and loss profile at expiry and over time.

Greeks and breakeven built in

Delta, gamma, theta and vega alongside breakeven points, to truly understand the position's risk.

Spreads, condors, calendars and more

Model standard or custom strategies, including those on ES and NQ futures.

Test before you risk

Simulate the scenario before executing, so you enter with clear expectations.

How to use the strategy builder

Assess risk before entering

Before opening an iron condor, check where the max loss sits and how much theta you collect: if the reward/risk doesn't hold, change the condor strikes without having traded yet.

Pick the optimal strike

Move the strikes and compare payoff and Greeks: find the balance between desired delta, collected theta and vega exposure that best fits your view.

See the effect of time and vol

The payoff at the current moment shows how the position decays over time (theta) and reacts to a volatility change (vega): it helps you decide when to exit, not only when to enter.

Manage in the portfolio manager

Save the strategy and track it over time: the evolution of payoff and Greeks tells you when to rebalance, close or roll, instead of holding blind.

What makes Gaudio OTT's strategy builder different

Many payoff calculators stop at the at-expiry chart with a fixed equity multiplier (100). Gaudio OTT gives payoff at expiry and at the current moment, aggregate Greeks and breakeven together, and correctly handles ES and NQ futures with their real multiplier and point value.

On top of that, the strategy doesn't die after the simulation: it saves into the portfolio manager and is tracked over time. It's built for those who don't just want to draw a payoff, but to build, execute and manage strategies without jumping between three different tools.

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Strategy Builder frequently asked questions

Try the Strategy Builder free for 7 days

Create your account, activate the Strategy or Ultra plan and visualize payoff, Greeks and breakevens before you trade. Cancel anytime during the trial.

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Implied volatility, GEX, open interest and volume, multi-leg strategy builder: every options trading analysis tool in one platform.

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Options Strategy Builder with Payoff & Greeks | Gaudio OTT