Independent Options Analytics

Your Greeks are only as good
as your model.

Whether your current provider uses simplified Black-Scholes assumptions or a more sophisticated model, your Greeks are still one view. Lavender Gateway gives you a second, independently computed set — dividend-aware, early-exercise-aware, with calibrated forward prices — ticking continuously across ~6,000 OPRA names. Same wire format as your current vendor. One line to switch.

Gateway $300 / instance / month  ·  up to 3 users  ·  month-to-month

The Problem

These modeling gaps
cost real money.

If your Greeks don't account for these effects, your hedges are off — and you're taking risk you can't see.

01

Wrong dividends, wrong delta

Continuous dividend yield is a convenient fiction. Near ex-dates, it produces hedge ratios that are materially wrong — and you don't find out until your P&L tells you.

02

Ignoring early exercise

Pricing American options with European models understates the value of deep ITM calls near ex-dividend dates. Your delta says one thing. The market says another.

03

Broken forward prices

Without proper borrow rate calibration, forward prices are inconsistent and put-call parity breaks down. Greeks computed from the wrong forward are wrong from the start.

04

Time decay that misleads

Instantaneous theta is a mathematical abstraction. It doesn't tell you what your position will actually lose by this time tomorrow — especially over weekends and holidays.


The Solution

Fix these gaps today.
One line of code.

Dividend-Aware, Early Exercise-Aware
Discrete dividends, early exercise handling, and implied borrow rates calibrated per expiry for stable forward prices and put-call parity.
Trader-Intuitive Time Decay
Decay measures what your position actually loses by the same time next trading day — weekends and holidays included. Theta gives the smooth per-day rate. Both are computed; you choose which fits your workflow.
Extended Greeks Through Third Order
Vanna, charm, volga, speed, color, ultima, and more. Computed robustly across the full chain — not just ATM.
Nine Vendor-Compatible APIs
Vendor-compatible endpoints for Alpaca, AlphaVantage, Intrinio, LiveVol, MarketData.app, Orats, Polygon.io, ThetaData, and Tradier. Change the host — your existing code works unchanged.
Full OPRA — Ticking Continuously
Implied volatility and Greeks computed and refreshed continuously across ~6,000 underlying names — the full OPRA universe. Delivered via REST, built for production trading.
Real-Time Montage Included
Navigate the full OPRA universe visually. Every chain shows its forward price, borrow rate, risk-free rate, and dividends. Every strike shows theo, IV, and Greeks through second order — all ticking live. No URLs, no code.
greeks_response.json
// SPY Dec 2026 570 Call

"osym": "SPY 261218C00570000",
"und_price": 567.41,
"lav_vol": 0.1847,
"lav_theo": 22.14,

core greeks "delta": 0.4823,
"gamma": 0.0341,
"vega": 0.2187,
"theta": -0.0892,
"decay": -0.0631,
"rho": 0.1204,

second order "vanna": 0.4221,
"charm": -2.1382,
"volga": 5.9757,

third order "speed": 0.0003,
"zomma": -0.0750,
"color": -3.0092,
"ultima": -58.6674

Vendor Compatibility

Already integrated.
Zero migration work.

Lavender speaks your vendor's wire format. Change the host in your existing code — everything else stays the same.

Alpaca
AlphaVantage
Intrinio
LiveVol
MarketData.app
Orats
Polygon.io
ThetaData
Tradier

Nine compatibility layers. If you're already using any of these, you're already integrated with Lavender.


Why It's Different

What makes this
worth running alongside.

Confidence

Compare risk side-by-side

Run Lavender alongside your existing provider. Where the two agree, you trade with confidence. Where they diverge — near ex-dates, deep ITM, illiquid strikes — you have a signal worth investigating.

Depth

See how your Greeks change

Vanna tells you how delta moves with vol. Charm tells you how it decays through time. Speed, color, volga, ultima — the second and third-order sensitivities that separate precise hedging from guessing.

Speed

Running in minutes, not weeks

Nine vendor-compatible endpoints mean zero integration work for most users. No new parsers, no schema mapping, no migration project. Change one URL and your existing code pulls Greeks from Lavender.


"Every architectural decision at Lavender comes from having lived the limitations of existing tools at a professional desk. We built what we needed — and couldn't find."
Jonathan
Founder & CEO, Lavender Trading Solutions
Founder of Derivix
Options analytics platform acquired by FlexTrade — one of the leading execution management system providers in institutional trading.
Front-office technology, major volatility fund
Built options Greeks and risk infrastructure inside a professional options volatility trading operation — the exact domain Lavender serves.
Deep domain architecture
Every infrastructure decision reflects how professional options desks actually operate — built from direct experience, not academic theory.

Who It's For

Built for serious practitioners.

Lavender is for people whose P&L depends on the accuracy of their Greeks — and who know that one source isn't enough.

Not designed for: signal-following or paper trading
Quantitative & systematic options traders
Running strategies where modeling differences translate directly to P&L — and where a second independent source is a risk management tool, not a luxury.
Developers building trading systems
Integrating options analytics into proprietary platforms, backtesting frameworks, or execution systems. Nine vendor-compatible endpoints mean you're likely already integrated.
Volatility researchers & hedge fund analysts
Comparing Greeks across models, validating positions with an independent source, and analyzing how risk sensitivities diverge near ex-dates, deep ITM, or in illiquid strikes.
Anyone paying $500+/mo for Greeks who wants a second source
Already paying for a premium Greeks provider? Lavender gives you an independent comparison at a fraction of the cost. Run both, compare contract-by-contract, and trade with more confidence.

Get Started

One price. No complexity.
Full infrastructure.

Month-to-month. Most users are running Greeks within the hour.

Gateway — Standard
$300 / instance / month
Up to 3 users per instance  ·  Month-to-month, cancel any time
Dividend-aware, early-exercise-aware Greeks across ~6,000 OPRA names
Extended Greeks through third order — vanna, charm, volga, speed, color, and more
Nine vendor-compatible API endpoints — swap the host and your existing code works unchanged
Calibrated forward prices and borrow rates per expiry — put-call parity enforced
Trader-intuitive time decay — decay to next trading day (weekends and holidays included), plus standard theta
Real-time Montage — navigate OPRA visually with full Greeks chains, ticking live

Want to explore the full Lavender platform first?

Learn more about Lavender Trading Solutions