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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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straddle

Our unique straddle page gives you a live update on what At-The-money volatility, adjusting as the markets move and analyses any given market and every single month. The straddle page displays changes on the day, week and month, the program not only evaluates 20 day realized volatility but using our proprietary volatility analyzer, Leviathan can evaluate true linear fitted ATM volatility Vs historical and where that ratio has sat to give you a genuine idea of whether volatility is cheap or expensive.

What is straddle?

Volatility is simply the amount the stock price fluctuates, without regard for direction. As an individual trader, you really only need to concern yourself with two forms of volatility: historical volatility and implied volatility. Implied volatility is a dynamic figure that changes based on activity in the options marketplace. Usually, when implied volatility increases, the price of options will increase as well, assuming all other things remain constant. So when implied volatility increases after a trade has been placed, it's good for the option owner and bad for the option seller. This information is necessary when evaluating trades and it can be difficult to keep an eye on multiple option markets simultaneously. This is one of the many things Leviathan can do for you.

How does the straddle program help a trader?

Our customizable straddle page will give you an immediate insight into how volatility has been moving relative to previous days and our system also lets you know if it is cheap or expensive. Leviathan's proprietary system also tells you the expected range on the day based off of the current implied volatility. Know how to protect yourself, know when best to take advantage of high volatility to increase your returns, Leviathan helps you navigate the treacherous waters of volatility.

How can Leviathan help with straddle analysis?

Key Capabilities

See the relatively cheapest or most expensive option in any series 

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ranking

Ranking has some of the same characteristics as Skew, but is entirely its own animal. Whereas skew shows a representative smooth line of Volatilities across a delta or strike range, Ranking digs deep into the specifics of the implied volatilities. Ranking breaks options into delta buckets, which looks back historically at the Call/Put compared to At-the-money vol. Then the Ranking page displays the results in percentile form, showing which expiries are Rich (higher percentile) or Cheap (lower percentile) over your predefined time frame



What is Ranking Page?

Ranking is a deeper dive into skew. There are times when it is not clear whether options are truly cheap or rich by just looking at skew curves. Skew curves change shape or just slide along a defined volatility path which takes away the clarity of value. Sometimes it is better to evaluate option premiums by comparing that option to itself over time. Ranking takes a delta bucket view of entire underlying futures/stocks. For example, if a trader is looking at downside in XYZ, ranking will help that trader see which expiry has the cheapest/richest 10%/25%/35%/50% puts and calls over the time frame selected. Applying a percentile ranking is very important because an option may not be cheap just because it is the cheapest on the list. If the cheapest expiry of a 25 delta put is in the 80th percentile, that means all puts are expensive over the time frame selected. This is a tool that even the most novice traders can understand and the most professional traders can appreciate.

How does knowing the Ranking help a trader?

A big problem for option traders is selecting the best option/structure to represent your viewpoint. Which Call/Put to buy in XYZ if you are bullish/bearish? Should you put on an outright option or do a structure such as a vertical spread, butterfly, or condor? Leviathans Ranking Tool will identify the percentile ranking for ease of use. If you see all puts are in the 80th percentile or higher and are bearish, it may be better to buy a vertical Put spread rather than an outright Put. This takes the sting out of buying a rich option as another rich option is sold against it. Over time, mean reversion in Volatility and Skew will happen. Using Leviathan’s Ranking Tool will help the trader make informed decisions regarding which options to select in order to take advantage of positive or negative mean reversion by know which options are rich or cheap.

How can Leviathan Help

See the relatively cheapest or most expensive option in any series

Ranking

<p>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.</p>

Volatility & Expected Range

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futures

Like line chart, this charting tool also has access to the full suite of technical analysis, also using the world's most powerful HTML5 charting system with 100s of available studies.

What is the "Technical Analysis" charting tool ?

The Technical analysis chart focuses on examining and anticipating price movements in financial markets. Technical analysts learn to identify historical market patterns so they can predict forthcoming market trends and make smart trending decisions based on those predictions. Not surprisingly, an enterprise technical analysis solution helps visualize movements and patterns in a meaningful way.

How does the futures/stock charting tool help traders?

With Leviathan it is as easy as 1,2,3. We are the only service that can easily provide historical charting on complex options strategies with a click of a button. With 100’s of different studies, you can visualize futures historically or within a specific time span and view events that occur within it as it relates to the market and analysis all the relevant data points allowing you to comprehend the interrelationship between different futures and stocks and how they perform over complex events.

How can Leviathan help with utures/stock charting tool ?

Like line chart, this charting tool also has access to the full suite of technical analysis, also using the world's most powerful HTML5 char

Technical Analysis

questionnaire

I buy a Tesla $250 straddle for $12, what are the break-evens for this trade 

QUIZ TIME

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transcripts

video

The Setup Buy a call, strike price A Buy a put, strike price A Generally, the stock price will be at strike A A long straddle is the best of

Long Straddle

help

![](https://leviathanwebstorage.blob.core.windows.net/wpstorage/2023/02/sp-straddle.png)



BPS/Day represents BASIS POINTS PER DAY or RENT which shows the expected range in the underlying, calculated from the implied volatility, required to cover the erosion.

![](https://leviathanwebstorage.blob.core.windows.net/wpstorage/2023/02/st1.png)

Implied Vols

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backtester promo

The Implied Vols page gives you a detailed live snapshot of intraday volatility moves whilst also offering an insight as to whether the curr

Volatility & Expected Range

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Long Straddle

Implied Vols

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