Documentation

Everything you need to get started with Zuviz

πŸš€ Quick Start

Step 1: Install Zuviz

  1. Visit the Chrome Web Store
  2. Search for "Zuviz - Options Strategy Visualizer"
  3. Click Add to Chrome
  4. Accept the disclaimer (first launch only)

Step 2: Build Your First Strategy

  1. Click the Zuviz icon in your browser toolbar
  2. Select a template from the dropdown (e.g., "Bull Call Spread")
  3. Adjust the spot price slider to match the current stock price
  4. Modify strike prices and premiums as needed
  5. View your payoff diagram update in real-time

Step 3: Analyze & Save

  1. Review max profit, max loss, and breakeven points
  2. Adjust DTE (days to expiration) and IV to see effects
  3. Click Save Strategy to store for later
  4. Export as PNG to share with others

πŸ“š Basic Concepts

Spot Price

The current market price of the underlying stock or ETF. This is the reference point for all calculations.

Strike Price

The price at which you can buy (call) or sell (put) the underlying. Each option leg has its own strike.

Premium

The price paid (or received) for the option contract. Premiums are per share, so multiply by 100 for total cost per contract.

DTE (Days to Expiration)

Time remaining until the option expires. More time = higher premium (all else equal).

IV (Implied Volatility)

The market's expectation of price movement. Higher IV = higher premiums. Use the slider to see how volatility changes affect your position.

πŸ“Š Understanding Greeks (Premium)

Delta (Ξ”)

How much the option price changes for every $1 move in the underlying. Range: 0 to Β±1.

Gamma (Ξ“)

Rate of change of Delta. High gamma = Delta changes quickly.

Theta (Θ)

Time decayβ€”how much value the option loses per day. Always negative for long options.

Vega (Ξ½)

Sensitivity to volatility changes. Higher vega = more affected by IV changes.

Learn more about Greeks in our Strategy Guides β†’

πŸŽ›οΈ Interface Guide

The Chart

Shows your P&L at expiration across different price levels. Green = profit zone, Red = loss zone. The X marks your breakeven point(s).

Sliders

  • Spot Price: Current price of the underlying
  • IV: Implied volatility (affects premium values)
  • DTE: Days to expiration (adjust to see time decay effects)

Leg Controls

  • + Buy Call / + Buy Put: Add a long option
  • + Sell Call / + Sell Put: Add a short option
  • Strike: Set the strike price
  • Premium: Set the option price
  • Qty: Number of contracts

Metrics Panel

Shows max profit, max loss, breakeven points, and net premium at a glance.

πŸ’‘ Pro Tips

  • Use keyboard shortcuts: Arrow keys adjust sliders, Ctrl+S saves strategy
  • Click on breakeven points in the chart to see exact values
  • Try the Time Decay Simulator to see how your position evolves (Premium)
  • Export strategies before earnings to compare expected vs actual moves
  • Use the Probability Cone to visualize likely price ranges (Premium)
Explore Strategy Guides β†’