Leviathan
Introducing BB1Have the Opinion. We'll Optimize the Strategy.
Powered by BB1, Leviathan's proprietary strategy optimization engine. Behind every recommendation, BB1 evaluates more than one billion potential option strategy combinations—ranking the opportunities that best align with your market view, objectives, and risk preferences. So you can spend less time searching for trades and more time making informed decisions.
Real BB1 output — strategies ranked by ROI for your scenario
Why BB1
See the highest-ROI strategies for your exact outlook
BB1 turns a price, time, and volatility view into a ranked strategy board—the same report traders use to pick butterflies, condors, and more with confidence.
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Ranked by ROI
BB1 surfaces structures like butterflies and condors with clear ROI badges—so the best ideas rise to the top instantly.
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Your scenario, locked in
Set future price, days, and volatility. BB1 optimizes against that exact outlook—not a generic scan.
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Full trade detail
Entry, exit, net tick profit, delta, and vega in one ranked list—so you can compare risk and reward side by side.
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From view to trade
Bring a market view. Leave with a shortlist of high-conviction option strategies ready to act on.
Built around BB1
Platform tools that feed your BB1 edge
Ranking, skew, structure, charts, and more sharpen the view you bring into BB1—then BB1 ranks the strategies.
Constant-Maturity Analytics
Compare today's volatility against decades of historical markets using a constant maturity framework. Eliminate distortions caused by changing expirations and evaluate where current pricing sits relative to comparable historical environments. Instantly identify whether volatility is historically rich, cheap, or fairly valued across the curve.
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Heat Map
Visualize how every strategy responds to changes in price, volatility, and time before placing a trade. Instantly identify the regions where opportunities strengthen or risk begins to increase, allowing you to understand the behaviour of a strategy under thousands of different market scenarios.
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Advanced Strategy Analytics
Explore every dimension of a strategy through fully interactive analytical charts. Compare historical behaviour, projected performance, Greeks, volatility and profitability across multiple scenarios with institutional-grade visualization tools.
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Volatility Surface Analysis
Examine the complete implied volatility surface across strikes and expirations to identify dislocations, relative value opportunities, and changes in market positioning. Compare current conditions with historical norms to understand where volatility is unusually rich or inexpensive.
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Volatility & Expected Range
Understand what the options market is pricing before you build a position. Compare implied and historical volatility while projecting statistically expected trading ranges over multiple time horizons, helping you select strategies that align with anticipated market movement.
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Strategy Builder
Construct, modify and analyse virtually any options strategy within a single professional workspace. Build complex multi-leg positions in seconds while immediately viewing capital requirements, payoff characteristics, Greeks and risk metrics before execution.
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Flow & Positioning
Monitor how market participants are positioning across strikes and expirations using comprehensive volume and open interest analytics. Detect meaningful changes in activity, compare historical positioning, and uncover unusual trading behaviour that may highlight emerging opportunities or shifting market sentiment.
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Leviathan Insights
Reports, insights to the market and daily streams LIVE from the CME trading floor
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