Market Parameters
Underlying Spot Price ($)
100.00
Days to Expiration (DTE)
30 days
Implied Volatility (IV)
25.0%
Risk-Free Interest Rate
5.0%
Position Setup
Futures Entry Price ($)
Option Contract Type
Option Strike Price ($)
Option Premium Paid ($)
Payoff Diagram & Simulation Engine
Spot Range: $70 - $130
Futures P/L (Linear)
Option P/L at Expiration
Option Current Value (Black-Scholes)
Live Position Analytics & Option Greeks
Futures P/L
$0.00
Delta = 1.00
Option Exp. P/L
$0.00
Break-even: $104.50
Delta (Δ)
0.539
Spot Sensitivity
Gamma (Γ)
0.046
Delta Rate of Change
Theta (Θ)
-0.072
Daily Decay ($)
Vega (Ν)
0.114
Per 1% IV Change
Instrument Mechanics Comparison
| Feature / Dimension | Futures Contract | Option Contract |
|---|---|---|
| Payoff Profile | Linear (Continuous liability) | Non-Linear (Asymmetric curve) |
| Upfront Cost | Margin deposit only (No premium) | Option Premium paid upfront |
| Max Risk | Uncapped / Full contract liability | Capped at Premium ($4.50) |
| Time Decay (Theta) | Zero time decay impact | Erodes option value daily |
| Volatility Sensitivity | Independent of IV | Directly impacted by IV changes |