> For the complete documentation index, see [llms.txt](https://thales-mfi.gitbook.io/app-documentation-en/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://thales-mfi.gitbook.io/app-documentation-en/operational-widgets/option/strategy.md).
# Strategy
### Overview
The *Strategy* widget in Thales OSS is a powerful tool for simulating and analyzing complex Options strategies. It enables users to combine multiple positions to form comprehensive trading strategies, offering real-time profit-loss analysis and Greeks calculations. By integrating various inputs and allowing for detailed scenario testing, the *Strategy* widget enhances strategic planning and risk management for Options traders.
### Accessing the Widget
To access the *Strategy* widget, navigate to the **Options** section under **Operational** in the sidebar menu, and then select **Strategy** from the available options.
Strategy
[*Launch the App*](https://oss.thales-mfi.com/)
### Input and Function
The input of the *Strategy* Widget consists of positions, each defined by a specific Option, including the buy or sell direction, and the position size, indicating the number of contracts involved.
The *Strategy* Widget calculates two central profit-loss curves, known as the PnL (Profit and Loss) Profile, along with corresponding curves for the Greeks: Delta, Theta, Gamma, Vega, and Rho. These seven curves constitute the outputs of the Strategy Widget, which can be displayed on a Graph by connecting the *Strategy* Widget to a *Graph* Widget through their sockets..
An Active Strategy
{% hint style="info" %}
It is important to note that these curves represent the *overall strategy* resulting from the combination of all entry positions.
{% endhint %}
The Graph displaying Overall strategy
On the *Strategy* Widget itself, the seven parameters (PnL, Delta, Theta, Gamma, Vega, and Rho) are only displayed as *numerical values*. These numbers represent the intersection point of the respective curve with a specific value on the X-axis, i.e., the underlying price. In other words, on the *Strategy* Widget, the above values are visible for a specific underlying price.
[*Launch the App*](https://oss.thales-mfi.com/)
