Build, Simulate & Stress-Test Before You Trade
Strategy Lab
14 strategy templates, a custom multi-leg builder, payoff diagrams, and live-data scenario testing. See P&L at any price, any date, any IV shift — before any capital is at risk.
No account needed to look at it on AAPL. Live market data on every plan, and you can cancel any time.
The screen
What the module
actually shows.
A real capture, not a mockup. Click it to enlarge, then open the same screen live on AAPL.
ApexVol Terminal
Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
Free on AAPL, no account. Trial: no charge if you cancel before it ends.
What is Strategy Lab?
Strategy Lab The Strategy Lab is a multi-leg options position builder and simulator that calculates payoff diagrams, probability of profit, Greeks and risk metrics for any strategy structure.
Supports up to 4 option legs plus stock positions. All calculations use live institutional data with real-time bid/ask prices.
ApexVol Terminal
Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
Free on AAPL, no account. Trial: no charge if you cancel before it ends.
Inside the module
Every panel,
and its job.
What the screen opens with, part by part.
14 Strategy Templates
Covered call, iron condor, butterfly, jade lizard and more — one click to load
Payoff Diagram
Visual P&L curve showing profit/loss at every price point at expiration
Probability of Profit
Statistical likelihood of the strategy finishing profitable
Greeks Breakdown
Aggregate and per-leg delta, gamma, theta, vega with time decay projections
Why it matters
What this buys you
on the desk.
How traders read Strategy Lab when they are looking for an edge worth taking.
Test Before You Risk Capital
See the exact P&L at every price point before entering. Know your max loss, max gain and breakevens so there are no surprises.
Optimise Strike Selection
Adjust strikes and see the payoff diagram update in real time. Compare a 30-delta iron condor vs a 20-delta to find the best risk/reward for current IV levels.
Understand Greeks Before Entry
See aggregate delta, gamma, theta and vega for your entire structure. Know how much the position gains per day from theta and how much it loses per 1% IV move from vega.
Probability-Based Decision Making
Built-in probability of profit calculation tells you the statistical likelihood of the trade finishing profitable — essential for income strategies.
How it works
From a ticker
to a decision.
The order the screen expects you to work in.
-
Choose a Strategy
Click a preset template or manually add option legs
-
Select Strikes
Pick strikes from the live chain or adjust manually
-
Review the Payoff
See the P&L diagram, breakevens, max profit/loss and probability
-
Analyse Greeks
Check aggregate Greeks and time decay projections before entering
Use cases
When you would
reach for it.
- Iron Condor Sizing
- Load the iron condor template, adjust wing widths until probability of profit exceeds your threshold, and verify theta/vega ratio before entry.
- Earnings Plays
- Build a straddle or strangle, check the breakeven vs expected move, and see how much IV crush would affect P&L.
- Covered Call Optimisation
- Add 100 shares plus a short call, slide the strike to find the best balance between premium income and upside cap.
- Risk Assessment
- Before entering any multi-leg trade, verify max loss fits your position sizing rules and that Greeks align with your market view.
Questions
What people ask
about this screen.
How many legs can I add?
Up to 4 option legs plus stock positions. This covers virtually any strategy including iron condors, butterflies, jade lizards and custom structures.
Does it use real-time pricing?
Yes. All calculations use live institutional data with real-time bid/ask prices, so payoff diagrams and Greeks reflect current market conditions.
Can I simulate IV changes?
Yes. You can adjust IV levels to see how an IV crush or expansion would affect your position P&L and Greeks.
Keep reading
What traders open
next to this.
Read next
Run it, do not just read it
You have read the screen.
Now run it.
Strategy Lab is one pane of the Terminal, and it opens on AAPL without an account. Every plan points the same module at the other 5,500 tickers.
Real market data, not a sandbox. Open Strategy Lab on AAPL.