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The product

What it does, and what it does not

OptionStudioEvo is a Windows program for options. One price, one program, every feature switched on. This page is the whole list — including what is not in the brochure: that part is what makes the rest trustworthy.

What it does

Nine things, all running on your own machine.

The payoff, and what time does to it

Three curves on one chart: the position at expiry, today (T+0) and a day between today and expiry (T+n), with steps that can be fractions of a day. The same trade, read at the times that matter.

Several expiries, one position

The put you sold this month and the one you bought next month are one position, drawn as one shape. That is where calendars, diagonals and rolls stop being arithmetic and become a shape you can look at.

What if…

Move the underlying, the volatility or the days: the curves redraw and the position is revalued. You ask the question on screen, instead of paying the market to find out.

The Greeks, in dollars

Delta, gamma, theta and vega computed on your machine and quoted in dollars per day and per volatility point, recomputed as quotes move. A half-dollar move can then be weighed against the commission it costs.

Twenty ready-made strategies

Verticals, straddles, strangles, synthetics, butterflies and condors, Jade Lizard — with direction, width in strike steps, and anchoring to the nearest strike.

Packages, and stocks beside the options

Multi-leg packages with their net price, built and closed together. And the underlying beside the options, with its cost basis, so a covered call, a protective put or a collar is built by adding it.

Gamma walls and Gamma Flip.

Where the dealers are long and where they are short, and the strike where hedging reverses. It is an estimate from open interest, not a measurement, and the screen says so.

What a trade actually costs you

The per-contract and per-share commissions, which may vary between opening and closing trades, as charged by your broker. If you’ve switched brokers to save money, this is the figure you need to check before placing any order—don’t wait until you see it on your statement afterward.

Saved, compared, combined

Build a strategy, save it, call it back, compare it with another, combine them. The program remembers your work, and it does so on your disk.

On the same engine: the interface and the charts follow the language you choose, and the market data comes from your own broker account. The program works without a connection to us: there is nothing of ours to connect to.

Screenshots

Six figures, and the three still to be taken.

Three of the six are here, taken from the program with the figures in dollars, so what you read and what you see agree. The other three are marked below with the exact screen each one is waiting for. This page says so instead of putting an older picture in their place.

[FIGURA DA VIRGILIO: il payoff multi-scadenza su SPX, in inglese e in dollari, con la linea a scadenza e le curve T+0 e T+n]

Figure 1 — the payoff and the time curves. Still to be taken: the multi-expiry payoff on SPX with the expiry line and the T+0 and T+n curves on one chart.

[FIGURA DA VIRGILIO: il pannello What-If, in inglese e in dollari, con sottostante, volatilità e giorni]

Figure 2 — the scenario panel. Still to be taken: the What-If panel with the underlying, the volatility and the days, with the labels in English — the screen we have keeps two Italian words.

Two SPX put chains side by side, expiries 28/09/2026 and 08/10/2026, and on the chart the yellow line at expiry and the cyan T+0 line, with the two legs of the calendar in the table below. — **Figure 3 — two expiries on one chart.** The put sold for the near expiry and the one bought for the far one are one position: the expiry in yellow, today in cyan, and the two legs in the table underneath.

The Greeks strip: delta, gamma, theta and vega of the position, quoted in dollars per day and per volatility point. — **Figure 4 — the Greeks in dollars.** Delta, gamma, theta and vega of the position on one line, in $/day and $/volatility point — the same units the commission is paid in, so the two can be weighed against each other.

The GEX and VEX panel on SPX: gamma by strike with the 7,560 put wall, the 7,650 spot, the 7,875 call wall and the 7,699 reversal level marked, and VEX below. — **Gamma walls and Gamma Flip.** Put wall, spot, call wall and reversal on the same axis, with VEX underneath. The panel writes it on its own screen: *an estimate, not a measurement*.

[FIGURA DA VIRGILIO: il calcolo delle commissioni, in inglese e in dollari, entrata e uscita separate]

Figure 6 — the cost of a trade. Still to be taken: the commission calculation, entry and exit apart, the way a broker charges it.

What it does not do

The list that makes the other one trustworthy.

No order is placed on its own.

No signals, no advice

It does not tell you what to trade, does not rate a strategy, does not promise a result and does not say when to enter or leave. It is a tool for reading a position: the decision is yours.

No automatic trading

There is no algorithm running in the background. The program sends an order to your broker when you ask it to, and at no other time. You decide, you click.

No backtesting

It does not test a strategy against years of past prices. That is a different job, done by other tools; this one looks at the position you have and at what could happen to it.

No server of ours, and no account with us

There is no cloud account to create, no login, no telemetry, no usage statistics and no error reporting. Your key, your positions and your saved strategies stay on your machine.

It does not move your money

It cannot open, fund, transfer or close a broker account. Those belong to you and your broker.

It does not replace your broker

Prices, fills, fees and permissions are the broker's. The program shows what the broker returns and computes from it: it is not a market data source of its own.

An estimate is called an estimate

Gamma walls and reversal levels come from open interest: a reading of the market's positioning, not a measurement of it, and the screen says so where the numbers are. Where a figure is a calculation, we say so; where it is a reading, we say that too.

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