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Leviathan is an analytical system that has been built by traders, for traders with the aim of adding value.

Built by traders for traders

Leviathan allows you to refine your trading strategies whilst allowing you to research the most optimal way of representing your market views.

See which are the best relative value strategies, the cheapest or most expensive options with the Ranking tool. Build and chart using multiple technical analysis tools, any options structure or position looking back over 25 years or in a very specific time period. Pick the best strategy out of millions of possible combinations with our Scenario Analysis. Our forward looking Heat Maps allow you to view P&L and Greeks all the way up to expiration. Save and keep all your trades in a Watchlist whilst the Straddle and Volatility snapshots keep an eye on how your structures move during the day.

  • Lessons

  • General

  • The Greeks

  • Glossary

  • Option Strategies





short straddle

A short straddle gives you the obligation to sell the stock at strike price A and the obligation to buy the stock at strike price A if the o

Short Straddle

long combination/ risk reversal/ combo (same strike)

Buying the call gives you the right to buy the stock at strike price A. Selling the put obligates you to buy the stock at strike price A if

Long combination/ Risk Reversal/ Combo (same strike)

short combination/ risk reversal/ combo (same strike)

Buying the put gives you the right to sell the stock at strike price A. Selling the call obligates you to sell the stock at strike price A i

Short combination/ Risk Reversal/ Combo (same strike)

call options

The simple textbook definition is a buyer of a Call option has the right (but not the obligation) to buy a specified quantity of a security

CALL OPTIONS

put options

The simple textbook definition is a buyer of a Put option has the right (but not the obligation) to sell a specified quantity of a security

PUT OPTIONS

bull spread (long call spread or short put spread)

A Call Spread is an options strategy in which equal number of Call option contracts are bought and sold simultaneously on the same underlyin

BULL SPREAD (LONG CALL SPREAD or SHORT PUT SPREAD)

bear spread (buy put spread or sell call spread)

A PUT spread is an options strategy in which equal number of Put option contracts are bought and sold simultaneously on the same underlying

BEAR SPREAD (BUY PUT SPREAD or SELL CALL SPREAD)

call ratio spread 1x2

A traditional Call Ratio spread is very easy to define, but not quite as easy to understand. In simple terms, it is just a basic Call Spread

CALL RATIO SPREAD 1x2

put ratio spread 1x2

A traditional Put Ratio spread is very easy to define, but not quite as easy to understand. In simple terms, it is just a basic Put Spread w

PUT RATIO SPREAD 1x2

call tree (also called a call ladder)

A Call Tree is very similar to a Call Spread 1x2. The only real difference is instead of having 2 of the higher strike, that strike will be

CALL TREE (Also called a Call Ladder)

put tree (also called a put ladder)

A Put Tree is very similar to a Put Spread 1x2. The only real difference is instead of having 2 of the lower strike Put, that strike will be

PUT TREE (Also called a Put Ladder)

put condor

This structure can simply be described as tying off the open ended risk involved in a Put Tree. In the earlier example of the 125/100/75 Put

PUT CONDOR

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How complexity becomes simplicity

Trading options without any statistical data is like finding a needle in a haystack. Your financial health depends on making the right decisions. You have a viewpoint on the market direction, but how should you represent it using options?

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