# 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.

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2F4E2xBK6LbN7vWLdxC0FW%2FStragegy%20Access.png?alt=media&#x26;token=44616d45-135c-41bb-9d77-5075a8658d94" alt="" width="338"><figcaption><p>Strategy</p></figcaption></figure>

[_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..

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2FeFVRoNILUKUMLejlTgo3%2FStrategy%20active.png?alt=media&#x26;token=3ef4fd70-5ec1-4ad5-91d8-8713201bc562" alt=""><figcaption><p>An Active Strategy</p></figcaption></figure>

{% hint style="info" %}
It is important to note that these curves represent the _overall strategy_ resulting from the combination of all entry positions.
{% endhint %}

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2FdlcvyDa2LAFcrqAwNmje%2FStrategy%20Overall%20result.png?alt=media&#x26;token=9af317f2-42ac-40d7-bf06-276469e797cf" alt=""><figcaption><p>The Graph displaying Overall strategy</p></figcaption></figure>

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/)
