Lavender Terminal · for a trader running their own book
An options workstation built on Greeks computed the way the contracts actually behave — American exercise, discrete dividends, real borrow — and repriced continuously against the live underlying. Every input is exposed and every difference has a named reason, so you never have to take a number on faith.
payment method required · no charge if you cancel before it ends · opens on a sample book, nothing to configure
Running a desk rather than your own book — several traders, your own clearing firms, orders going out to your executing brokers? That is Lavender Desk.
check every input behind a number is shown, to compare with your own source · $390 / seat / month after trial · Windows 10 / Server 2016 or later
Live, right now
Drag it. Everything below is what goes into it and what Terminal lets you do with it.
Drag sideways to pan across the surface.
Two decades building the analytics and execution systems professional options desks run on — now on your desktop, month-to-month, without the institutional overhead.
American exercise, dividends treated as the discrete cash events they are, and a real borrow rate rather than an assumed one. Some vendors compute Greeks with Black-Scholes because it is fast — exact for European options, an approximation for the American ones you trade.
Correct American pricing is normally something you rent from an institutional vendor at institutional cost. Terminal puts it on your desktop for one flat price per seat.
What's my risk right now?
One grid, every position, every dollar-Greek, marked against Lavender's own analytics and moving with the tape.
Regroup the same book along whatever axis the question needs — by name, by expiry, by structure, by exposure — with a pinned total and live red/green heat on $delta, $gamma, $vega, $theta, $decay, $charm and $color. Second and third-order exposure in dollars, at the book level.
View the same risk grid as it stood 1, 5 or 30 days ago — not just live.
check every figure ties to the position rows above it
Set a policy band and Terminal returns the trade that closes the gap — instrument, direction, size, estimated cost, and the exposure you're left holding afterwards. One click works it into a paper account so you can see the book you would be left holding. Terminal never sends an order to your live account, or to the market — placing the trade stays with you, in your broker.
check you see the post-hedge book in paper before you place anything for real
Connect your live Interactive Brokers, tastytrade or Tradier account — one broker per seat — and your real positions are marked against Lavender's own Greeks. The connection is read-only: Lavender reads the book and never writes to it. Any trade you work in Terminal goes to a paper account, never to your live one. You can stage a hedge, see what it does to the book, and decide — with no way to put it on by accident.
check read-only on the live account · trades go to paper, never to the market
Every contract on the board carries independently computed IV and Greeks through third order — not interpolated from a handful of anchors, and not restricted to what's liquid.
check every surface is fitted to the whole chain, not a handful of anchors
Terminal reads your legs back as the structures you actually put on, so a book of loose positions reads as the trades you meant to have rather than a list of contracts.
What happens if?
Not a sensitivity estimate off today's Greeks. Every cell is your book, repriced.
Shock spot against volatility across a grid where each cell reprices the whole book through the American model rather than estimating from today's Greeks — which is what matters once the move gets large. Roll time forward through the same grid to see the shape change.
check run the same shock in your own model and compare cell by cell
One click applies a crisis-scale stress — Crash 2008, Covid 2020, or a VIX spike — to the book you are holding right now, so the question stops being hypothetical and starts being specific.
Monte Carlo across thousands of correlated paths — spot and volatility correlation exposed, not buried — reporting the full percentile spread, probability of loss, and CVaR at the tail. A portfolio spread across names is stressed as a portfolio, not as a pile of independent positions.
check the correlation matrix is inspectable, and path count and horizon are stated on the run
Rather than guessing which scenario to test, invert the question: Terminal solves for the smallest move that breaks you and rings it on the grid.
Scenarios shock spot and volatility. Model any multi-leg idea on a risk-aware ticket and watch it flow through every view above before you commit — or paper-trade it and track it as a live position.
Can I trust these numbers?
The assumptions behind every number are exposed, the residual is shown rather than absorbed, and every difference from another source has a named reason.
P&L attribution splits your day into delta, gamma, vega and time — and prints the residual in its own column. Most tools fold the unexplained remainder into the nearest bucket. If something doesn't tie out here, you will see it.
check the residual column is displayed, not absorbed
Every input behind a number — the dividends, the forward, the borrow — is shown on the way through, so each one can be compared with whatever you already trust. Our documentation carries the worked derivation.
American contracts are priced against the real discrete dividend schedule and a real borrow, so a closed-form check approximates them rather than reproducing them. Where the two disagree is where a simpler model is wrong, and the inputs on screen tell you which one it is.
check every input behind a number is shown, not assumed
Spin your name's fitted volatility surface as a single shape, with T-1 ghosted behind today, alongside synchronized skew and term-structure views. A change in the shape of the surface becomes something you notice rather than something you reconstruct.
Also included
Where current implied volatility sits against its own history, so you know whether today is genuinely rich or merely higher than yesterday.
The event priced into the front expiry, and what the surface expects it to do — the piece most models fold into a single number.
Individual contracts measured against the fitted surface, so a strike trading away from its own curve is visible rather than inferred.
Short options sitting near strike into expiry, with the assignment and settlement consequences laid out before Friday afternoon.
Your real positions, marked against Lavender's own Greeks
One live broker account per seat — Interactive Brokers, tastytrade or Tradier — connected read-only, so your real book is marked against Lavender's own Greeks without Lavender ever writing to it.
Optionally connect your own market-data subscription — AlphaVantage, Databento or ThetaData. Not required. Lavender charges no exchange or OPRA fees; if you connect a vendor, those come with your own subscription.
Terminal sends your subscriber email and key, the options you ask about — underlying, strike and expiry, never size — and a usage report, all over HTTPS.
check what leaves your machine is listed, line by line, in the documentation
Several brokers, a different broker, or a prime broker feed? That is an Enterprise deployment. A different market-data provider? Email info@lavender-ts.com and tell us what you use.
Who it's for
Anyone responsible for a portfolio of options who needs to see whole-book exposure and stress it before the move, not after.
Anyone who needs to read the whole surface live and watch how sensitivities move across price, vol and time.
Anyone stress-testing across several books who needs to find the worst case, weigh the probabilities, and watch the book evolve.
Professional analytics behind every contract, alongside the brokerage you already use.
Pricing & trial
Seven days, full access, nothing held back. Terminal opens on a sample book the moment you sign in — you can judge the analytics before connecting a broker or a data subscription.
7-day free trial
$390 / seat / month
Month-to-month, cancel any time · Windows 10 / Server 2016 or later
Payment method required · no charge if you cancel before it ends.
For the quant you work with
The same engine ships as a local REST API. Your analyst builds against exactly the numbers on your screen — so when the backtest disagrees with the book, the answer is never "different vendor."
Enterprise
Terminal seats for your traders, Gateway for the people building behind them, and the option to run the engine on your own inputs inside your own environment. Tell us how your desk is set up.
Not ready to install anything?
Run /surf, /skew, /term and /greeks on any listed ticker in Lavender Discord. 100 commands a day, no payment method.
Options risk management for trading desks. One engine behind Lavender Desk, Terminal, Gateway and Discord.
© 2026 Lavender Trading Solutions LLC · 30 N. Gould Street, Ste. 64595, Sheridan, WY 82801
Lavender Terminal is an analytics tool and does not provide investment advice.