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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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With Leviathan subscription you will receive daily reports direct to your inbox directly from our expert managers who collectively have over 100 years of successful option trading experience. In our streaming service we will be broadcasting directly from the Trading Floor where you will get the latest news and reports on intraday moves and discussions on the trading topics of the day.

Leviathan's team believe in honesty and transparency and wanted to create a system that would allow the common trader the same advantages offered to the heavyweights at the banks and other trading houses that have artificial intelligence built into their systems. Our objective is to level the playing field.

How easy is it to enter option strategies?

There are multiple websites that will show you option basics but none that will give you direct access to experts, that will teach you in the same way that the professionals are taught but in a fun and simple way where you can feel more confident in the way the option world works. This is the only trading course you will ever need. You will also have access to our option tutorial library with lessons for beginners through to expert level traders. For members there will also be webinars and trading discussions.

In our courses you will learn how options can work for you and instead of being high risk, can be used to create lower risk strategies with less risk than buying outright stock but with just as high a return. You will learn all you need to know about option trading, market metrics, strategy and position management and how to take advantage of the Leviathan systems. You will learn about different strategies that can not only help you make the returns you keep reading about but also protect you from having to post loss memes on WSB or protect your profits once you’ve made them.

How does the structure panel help a trader?

Key Capabilities

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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Volume is the sheer number of contracts that trade in a given strike during a given time period, usually 1 trading session. However, volume can be viewed over longer time periods to give a trader a broader overview of which strikes are the most active. Volume is a good indicator of where interest lies in a given product. For example, if we see heavy Volume in the 1 month 25 delta Put in XYZ then we can garner some information from that. We know that the market participants are either expecting a good selloff in XYZ or they are giving up on that trade and liquidating that position. The Volume report alone does not tell you which of these is true, but the Open interest report does. If OI increases in said XYZ, 1 month, 25 delta Puts, we know that traders are initiating a new position and putting on new risk. The opposite can be said if OI decreases, they are exiting their position and risk. It is important to follow the direction of these trades to determine whether traders are buying or selling these strikes to get a full picture.

What is Volume/Open Interest?

In a nutshell, Volume tells us which strikes the market participants have interest in trading and OI tells us whether their interest is to add to their position or exit their position. Again, traders need to follow the market closely to gather that last piece of information…direction. Watching the Volume/OI reports closely can help a trader see where option traders are targeting for moves in the underlying, when traders are giving up on said positions, and where the gamma lies. Seeing how the market end users are positioned is very important, but not nearly as important as how the “crowd” is positioned. The market making community is affectionately known as the “crowd”. The crowd is made up of many market makers from a wide variety of firms with very similar risk profiles as they all take pieces of the same customer trades, but they have vastly different risk parameters. Knowing how the crowd is postioned is paramount as the crowd is generally not capitalized in the same way that banks and hedge funds are. In order to keep trading, market makers need to keep their positions hedged to keep margin costs down. This means they need they will inevitably pin their long positions and race through their shorts as they try to hedge their gamma or outright liquidate the option position.

What does Volume / Interest tell us?

Leviathan separates itself by really digging deep on the Open interest part. A trader can not only watch OI changes on a day to day basis. This would drive someone mad and he would need a computer for a mind to remember it all. Wouldn't it be more valuable to look at the OI change over the past week, month, or 3 months? Of course it would, the picture is so much clearer as to what traders are doing over a longer time frame. One thing will always remain constant in trading. As new information comes in, traders will adjust their views. As they adjust their views, they will adjust their positions. Leviathan's VOI helps you follow these position adjustments over longer time frames and also keep up as to where the weak hands of the crowd lie.

How Can Leviathan Help?

Monitor how market participants are positioning across strikes and expirations using comprehensive volume and open interest analytics. Detec

Flow & Positioning

<p>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.</p>

Strategy Builder

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

WHY USE LEVIATHAN? Leviathan is the best option analytic tool in the world. Have access to a system that will allow you to compete with the 

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