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Interactive Simulators

Practice Strategies Risk-Free | Learn by Doing

🎮 Available Simulators

Hands-on simulations help you understand how structured products behave in different market conditions WITHOUT risking real money.

Options Trading Simulators

Monte Carlo Path Simulator

Visualize thousands of possible futures

How It Works:

  1. Set starting price, volatility, time horizon
  2. Generate 100-10,000 random price paths
  3. See distribution of outcomes
  4. Calculate option values across paths

Interactive Features:

  • Adjust volatility slider → See paths widen/narrow
  • Change time → See more/less divergence
  • Add barriers → Watch knock-outs trigger
  • Toggle individual paths on/off

Educational Value:

  • Understand uncertainty visually
  • See why volatility increases option value
  • Grasp path-dependency intuitively

Try Different Assets:

  • Bitcoin (high vol, wide paths)
  • Stocks (medium vol)
  • Bonds (low vol, tight paths)

Gamma Scalping Simulator

Practice delta-neutral rehedging

Scenario:

You're long ATM straddle (positive gamma, negative theta)
Delta-hedged by shorting underlying
Market moves randomly
You must rehedge to stay delta-neutral

Gameplay:

  1. Market moves (simulated)
  2. Your delta changes (gamma effect)
  3. Click “Rehedge” to trade underlying
  4. Track P&L from:
    • Theta decay (bleeding)
    • Rehedging (buying low, selling high)
    • Transaction costs

Goals:

  • Maximize P&L by efficient rehedging
  • Balance costs vs risk
  • Learn when to rehedge vs when to wait

Difficulty Levels:

  • Easy: Low vol, low costs
  • Medium: Moderate vol, real costs
  • Hard: High vol, whipsaw markets

Leaderboard: Compare your gamma scalping skills!

Volatility Crush Simulator

Experience event-driven IV changes

Setup:

  • Binary event coming (earnings, ETF approval, etc.)
  • IV is elevated (80-100%)
  • You must decide: Buy or sell volatility?

Simulation:

  1. Choose position (long/short vol)
  2. Event occurs (random outcome)
  3. IV crushes (typically)
  4. See your P&L

Scenarios:

  • Event A: Positive news, IV drops, price up
  • Event B: Negative news, IV drops, price down
  • Event C: No news, IV drops, price flat

Lesson: Even if you’re right on direction, vol crush can hurt!

Try Different Strategies:

  • Long straddle (bet on big move)
  • Short iron condor (bet on small move)
  • Ratio spreads (directional + vol view)

Structured Products Simulators

Covered Call Strategy Simulator

Run multi-month covered call campaigns

Setup:

  • Start with $100,000 in Bitcoin
  • Sell monthly covered calls
  • Market moves randomly (based on real Bitcoin stats)
  • Decide strikes each month

Decisions Every Month:

  1. What strike to sell? (5%, 10%, 15%, 20% OTM)
  2. Roll if assigned or let it go?
  3. Adjust strategy based on market regime?

Track:

  • Total income collected
  • Times called away
  • Opportunity cost (missed upside)
  • Vs simple buy-and-hold

Scenarios (Pre-set):

  • Bull Market: Test aggressive vs conservative strikes
  • Bear Market: See how premium helps in declines
  • Sideways Market: Optimal conditions for covered calls

Win Condition: Beat buy-and-hold over 12 months.

Principal Protected Note Simulator

Design PPNs and see outcomes

Interactive Builder:

  1. Set investment amount ($)
  2. Choose term (1-3 years)
  3. Select underlying asset
  4. Set interest rate environment

Calculator Shows:

  • Bond cost (PV calculation)
  • Option budget
  • Maximum participation rate
  • Expected outcomes

Then:

  • Run simulation (random price paths)
  • See final payout distribution
  • Compare to just buying asset
  • Compare to just buying bonds

Insights:

  • When PPNs outperform (volatile but directionless)
  • When they underperform (strong trends)
  • Trade-off visualization

Range Accrual Simulator

Experience daily accrual mechanics

Setup:

  • Set range ($45k - $55k)
  • Set daily rate (0.15%)
  • Simulate 30-day price path

Daily Updates:

  • Current price
  • In range? (Yes/No)
  • Today’s accrual
  • Cumulative yield

Fast Forward:

  • Play day-by-day OR
  • Simulate entire month instantly

Try Different Regimes:

  • Calm Market: High accrual (25+ days in range)
  • Trending Market: Low accrual (breaks out early)
  • Volatile Market: Whipsaw in/out of range

Goal: Maximize accrual by selecting optimal ranges.

Risk Management Simulators

Delta Hedging Practice Arena

Become a market maker

Your Role:

  • Sell options to clients
  • Must stay delta-neutral
  • Rehedge as market moves
  • Manage costs vs risk

Real-Time Challenges:

  1. Client buys 50 calls → You’re short delta
  2. Hedge immediately! (Buy underlying)
  3. Market moves → Delta changes (gamma!)
  4. Rehedge continuously
  5. Track P&L from bid-ask + theta - hedging costs

Metrics:

  • Average delta (closer to 0 = better)
  • Total hedging costs
  • Net P&L
  • Sharpe ratio

Difficulty Settings:

  • Easy: Slow market, high spreads, low gamma
  • Medium: Normal conditions
  • Hard: Fast market, narrow spreads, high gamma

Portfolio Greeks Manager

Manage a multi-position portfolio

Starting Portfolio (Random):

  • Long calls
  • Short puts
  • Covered calls
  • Straddles
  • Naked positions

Your Job:

  • Analyze total Greeks
  • Rebalance to target levels
  • Manage risk as market moves
  • Maximize risk-adjusted returns

Targets (Choose difficulty):

  • Delta between -5 and +5
  • Gamma > 0 (long)
  • Theta < $500/day
  • Vega between -1000 and +1000

Win: Keep Greeks in range while maximizing returns.

Stress Test Simulator

See how positions perform in crises

Historical Scenarios:

  • 2020 COVID Crash: -30% in 2 weeks, vol spike
  • 2021 Crypto Crash: -50% in 1 week
  • 2008 Financial Crisis: -55% over months
  • Flash Crash: -10% in minutes, instant recovery
  • Slow Grind: -30% over 6 months

Input Your Position:

  • Describe your holdings
  • See P&L through each scenario
  • Identify vulnerabilities
  • Adjust position to survive

Reports:

  • Maximum drawdown
  • Probability of ruin
  • Greeks evolution during crash
  • Recovery timeline

Lesson: What doesn’t kill you makes you stronger (but test it first!).

Advanced Simulators

Autocallable Structure Simulator

Experience early redemption mechanics

Setup:

  • 1-year autocallable on Bitcoin
  • Quarterly observations
  • Trigger: 120% of initial level
  • Coupon: 3% per quarter

Simulation:

  1. Random price path
  2. Check trigger each quarter
  3. Early redemption if triggered
  4. Track outcomes across 1000 simulations

Results:

  • % called early (by quarter)
  • Average return
  • Distribution of payouts
  • Vs buying Bitcoin directly

Multi-Asset Basket Simulator

Trade correlation

Setup:

  • Basket: 50% Bitcoin + 50% Ethereum
  • Set correlation (0 to 1)
  • Choose structure (best-of, worst-of, average)

Simulation:

  • Generate correlated paths
  • Calculate basket payoff
  • See how correlation affects returns

Insight: Low correlation = diversification benefit.

Educational Game Modes

Options Trader Challenge

30-Day Strategy Competition

Scenario: You have $50,000 and 30 days.

Goal: Maximize returns using any options strategy.

Rules:

  • Can’t go below $40,000 (20% stop loss)
  • Market moves based on real Bitcoin history
  • Daily decisions (enter/exit trades)
  • Leaderboard vs other players

Learn By Doing:

  • When covered calls work (sideways)
  • When straddles work (volatile)
  • Risk management importance (stops)

Volatility Trader Bootcamp

Learn to trade vol, not direction

Levels:

  1. Basic: Buy low IV, sell high IV
  2. Intermediate: Pre/post event trading
  3. Advanced: Vol arbitrage (IV vs HV)
  4. Expert: Dynamic delta hedging

Progression: Must pass each level to unlock next.

Using Simulators Effectively

Learning Workflow

1. Learn Theory First

  • Read module (e.g., Covered Calls)
  • Understand concepts

2. Practice in Simulator

  • Try covered call simulator
  • Make mistakes (it’s free!)
  • See how strategies actually work

3. Experiment

  • Test different strikes
  • Try different market conditions
  • Build intuition

4. Internalize

  • You’ll remember what you experience
  • Much better than just reading

Best Practices

Start Simple:

  • Single option strategies first
  • Add complexity gradually
  • Master basics before advanced

Use Scenarios:

  • Don’t just simulate random markets
  • Pick specific scenarios (bull, bear, sideways)
  • Understand when strategies work

Track Your Learnings:

  • Note what surprises you
  • Document insights
  • Review before real trading

Coming Soon

Future Simulators:

  • Barrier option path simulator
  • Market maker competition mode
  • Historical replay (trade 2020 crash)
  • Multi-player volatility trading game
  • AI opponent (trade against the house)

Feedback

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