Build multi-leg strategies and see profit, loss and Greeks before you risk capital.
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.
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 portfolio manager: save and track your strategies over time
Combine multiple legs and instantly see the profit and loss profile at expiry and over time.
Delta, gamma, theta and vega alongside breakeven points, to truly understand the position's risk.
Model standard or custom strategies, including those on ES and NQ futures.
Simulate the scenario before executing, so you enter with clear expectations.
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.
Move the strikes and compare payoff and Greeks: find the balance between desired delta, collected theta and vega exposure that best fits your view.
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.
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.
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.
Two intelligent scanners — AI Suggestions on the symbol you're analyzing and the Opportunities Scanner on the entire US market — analyze thousands of contracts in real time across stocks, ETFs and futures, and show you only the trades with the best risk/reward profile.
Two GEX tools — on open interest and on volume — for SPX, NDX, ETFs and stocks with options, plus the proprietary GEX Gaudio for intraday trading.
See where positioning concentrates at every strike and expiry, to understand the levels the market defends.
Follow implied volatility as it moves: skew, term structure and ATM Vola across 0DTE, weekly and monthly expirations.
Browse the full options chain on stocks, ETFs and futures like ES and NQ: bid/ask premiums, Greeks and implied volatility for every strike and expiry. All you need is a free account: no paid plan, no credit card.
Create your account, activate the Strategy or Ultra plan and visualize payoff, Greeks and breakevens before you trade. Cancel anytime during the trial.
Start your free trialImplied volatility, GEX, open interest and volume, multi-leg strategy builder: every options trading analysis tool in one platform.
No credit card · Free plan forever · Cancel anytime
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