New, Modern Options Strategy Builder

https://www.waffles.finance/
Supposedly free right now.


Announced at:
https://www.reddit.com/r/options/comments/ijlpzx/waffles_is_live_try_it_out/

Waffles is live! - try it out!

Peeps -- Waffles is LIVE, baby. [www.waffles.finance](http://www.waffles.finance)

Waffles is a FREE intuitive visualization and analysis tool for U.S. equity options.

If you don't already know, Waffles rethinks how you build trades. Simply load a pre-built or saved strategy and waffles will do the work for you. No fuss. No more tedious option picking.

[toggling between pre-built strategies]
https://i.redd.it/9lfb6gfoq7k51.gif

Once the trade is built you can customize to your heart's desire. And can reposition the strategy in seconds- even using hotkeys if you'd prefer .

[repositioning iron condor using hotkeys](https://i.redd.it/pxzpw2mpq7k51.gif)

See the impact of vol and theta / time-decay in real-time using sliders.

[vol crush simulation using slider](https://i.redd.it/4q0plcdsq7k51.gif)

[time-squeeze using slider](https://i.redd.it/rzwwj2cwq7k51.gif)

[theta-decay using slider](https://i.redd.it/ym3j5s00r7k51.gif)

Let me know your thoughts! I am full-time dedicated to this and I'm planning to grow the team, so stay tuned! Waffles is setting out to revolutionize the option DD and analysis experience.

EDIT: since this is the first launch and there may be some issues, please dm me your issue and I'll try to implement a fix ASAP.

EDIT: thank you for the positive feedback. It means a lot given that a ton of work has gone into this for you all. I have three asks of you

1. please share with others who may benefit
2. Let other users know of Easter eggs or features you find useful that I haven't described (like changing the metric to imp vol in the option selector menu / table) and
3. please dm me email me any bugs so I can squash them and / or feature requests.
 
A friend of mine turned me onto it this morning; it's pretty impressive, and fun to play with. I suspect that newbies will probably freak a bit when they run across strips/straps/ladders/guts and all the other stuff they've never heard of, but people with at least a bit of experience are likely to enjoy it.

A couple of minor oddities: 1) the P&L table Y-axis should probably be in whole dollar amounts rather than $0.20 increments, and 2) there's no easy way to take a step back from wherever you are, at least not that I can spot.

Outside of that - great work!
 
This is a gem, thanks for sharing. Going to play around with this website now.

As we permit to the future, we will see more and more of these new website/apps via optionality and its only going to get better. I'm excited to see whats in store.
 
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