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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

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

Construct, modify and analyse virtually any options strategy within a single professional workspace. Build complex multi-leg positions in se

Strategy Builder

<p>See the relatively cheapest or most expensive option in any series </p>

Ranking

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?

Understand what the options market is pricing before you build a position. Compare implied and historical volatility while projecting statis

Volatility & Expected Range

help

ou select the LOOKBACK days in the dropdown which allows you to choose to compare either 90 days back, 120 days, 1year or 5 years to rank the live volatilities within those timeframes.
ou select the LOOKBACK days in the dropdown which allows you to choose to compare either 90 days back, 120 days, 1year or 5 years to rank the live volatilities within those timeframes.


ranking-help

ranking help

RANKING: Ranking gives you the ability to analyze current volatilities across multiple expirations and even products and compare them to whe

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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Skew is the graphical image of Implied Volatilities of a particular Stock/Future expiry displayed in strike or Delta space. Skew is simply drawing a line to connect these various points. The Skew graph can take on three different characteristics. The Security can have a Normal Skew, Positive Skew, or Negative Skew. Normal Skew is actually quite rare as it is a skew curve that looks like a “U”. The current price (At the money) implied volatility is the cheapest along the curve with equal weighted risks to both the call and put side. A positive Skew is when the Call side implied volatility is much more expensive than the Put side. A Negative Skew is the opposite as the Put side is more expensive than the Calls. A fundamental risk management tool is the ability to measure the profit and loss of a trade or position over time and changes in market price and conditions. Our Heat maps are forward looking data visualizations, allowing you to view a 2 dimensional grid showing you the price or P&L of your selected position or structure over underlying future or stock moves and how that price or P&L changes over time and with respect to moves in the underlying equity or future. You can specify market conditions in an easy to understand manner.

What is heat map?

Understanding risk is one of the most important things in trading. Options can be one of the most complex financial instruments but when wielded correctly can yield the greatest results. Trying to ascertain the total risk of a position, with its many moving parts can be challenging for the most experienced traders.

How do heat maps help a trader?

Leviathan does all the workload for you! Presenting you with a simple visual representation of risk and P&L. The predictive capabilities of the Leviathan allow you to safely navigate your true risk and help minimize portfolio drawdowns. You can also look at how your option greeks change over time and movement and beta adjust spreads to analyze the strategy's performance in flattening, steepening, backwardation or cantango markets. By demonstrating how and why things could quite quickly become much better or worse in new and unexpected ways, heat map improves readiness for the range of possibilities the future may hold.

How can Leviathan heat maps help you trade?

Visualize how every strategy responds to changes in price, volatility, and time before placing a trade. Instantly identify the regions where

Ranking

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Ranking

Heat Map

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