Find the Perfect Price
for Every Option Strategy
Sapient converts multi-leg option strategies into trackable tokens and shows you the combined market price, Forward Spread (FS), and Reverse Spread (RS) — in real-time. See whether any strategy is overpriced, underpriced, or fairly priced at a glance.
Track infinite strategy tokens simultaneously. Compare 25+ predefined structures or build your own. Execute when you find real edge — not when you think you might have it.
25+
Predefined Strategies
Infinite
Strategy Tokens
Real-Time
LTP, FS & RS
Multi-Leg
Custom Builder
The Signal
Three Numbers That Tell
You Everything
Sapient distills the complexity of multi-leg option pricing into three columns. Together, they tell you exactly where the market price of a strategy sits relative to its fair value.
The current market price of the complete strategy — calculated as the combined market price of all legs at their current bid/ask. This is what the market is actually charging right now for the full position.
The theoretical fair value of the strategy based on an option pricing model. Sapient evaluates IV surfaces, Greeks, and market microstructure to compute what the strategy should theoretically be worth.
The difference between LTP and FS. This is your edge signal. A positive RS means the strategy is overpriced relative to fair value — a selling opportunity. Negative means underpriced — a buying opportunity. Near zero means the market is fairly priced.
Positive RS
Strategy overpriced — potential sell opportunity
Negative RS
Strategy underpriced — potential buy opportunity
Near Zero
Strategy fairly priced — no clear edge
The RS column is your edge signal. When the market misprices a strategy relative to its fair value, Sapient shows it instantly — before the opportunity closes.
Capabilities
Everything You Need to
Trade Spreads with Edge
Sapient is built for traders who trade spreads systematically — giving them every tool needed to price, compare, and execute strategies with real conviction.
Strategy Tokenisation
Sapient converts any multi-leg option strategy — whether predefined or custom — into a single trackable token. Instead of monitoring individual legs, you see the combined market price of the entire strategy in one number.
Forward Spread Engine
Every strategy token is priced against its theoretical fair value (FS — Forward Spread) using an option pricing model that factors in IV skew, Greeks, and current market microstructure — giving you the baseline to judge whether the market is offering a fair price.
Reverse Spread Detection
The RS (Reverse Spread) column shows the difference between market price (LTP) and Forward Spread (FS). A positive RS means the strategy is overpriced. Negative means underpriced. Near zero means fairly priced. Mispricing identified in one glance.
25+ Predefined Strategies
Iron Condors, Butterflies, Straddles, Strangles, Ratio Spreads, Calendar Spreads, and more — all pre-structured and ready to tokenise. Select a strategy and Sapient handles the pricing complexity instantly.
Infinite Custom Multi-Leg Builder
Not limited to predefined structures. Build any combination of option legs — any number of strikes, any expiry, any mix of calls and puts — and Sapient tokenises and prices it in real-time.
Real-Time & OHLC Data
Strategy tokens update continuously with live market data, and also support OHLC tracking so you can analyse how a strategy's combined price has behaved across timeframes — beyond just the current snapshot.
How It Works
From Strategy to Edge
in Three Steps
01
Select or Build a Strategy
Choose from 25+ predefined structures or build any custom multi-leg combination using Sapient's strategy builder. Select your legs, strikes, and expiry — Sapient handles the rest.
02
Sapient Tokens and Prices It
The strategy is instantly converted into a token showing combined LTP, Forward Spread (FS), and Reverse Spread (RS) — all updating in real-time on every market tick.
03
Identify Edge and Execute
RS tells you whether the strategy is overpriced, underpriced, or fairly priced. When you see real edge, execute directly — with the confidence of pricing model data behind every trade.
Deep Dive
What Makes Sapient Different
The token concept — one number for the whole position
Track Strategy Price, Not Individual Legs
Every multi-leg option strategy has a combined market price — but most platforms show you legs individually, forcing you to add them up manually. Sapient tokenises the strategy and shows you the combined LTP as a single live number. You see the full picture at a glance, not fragments.
Find edge in the market before it disappears
Detect Mispriced Spreads Systematically
Mispriced spreads exist in every liquid options market — but spotting them leg-by-leg is slow and unreliable. Sapient's RS column flags every overpriced and underpriced strategy in your watchlist instantly, so your team can act on real edge rather than gut feel.
No limit on legs, strikes, or expiries
Build Any Strategy — Sapient Prices It
The 25+ predefined strategies cover the most common structures — but sophisticated traders rarely stop there. Sapient's custom multi-leg builder lets you construct any strategy combination and immediately see its tokenised price, fair value, and RS signal — without any manual calculation.
Strategy Library
25+ Strategies, Ready to Token
Every major option spread structure is pre-built. Select any strategy and Sapient tokens it instantly with live LTP, FS, and RS.
None of these match your strategy? Build any combination of legs in the custom multi-leg builder — Sapient tokens and prices it in real-time.
Try the Custom BuilderTestimonials
What Pro Traders
Say About Sapient
“Sapient changed how we think about spread trading. Before, we were estimating combined strategy prices mentally — slow and error-prone. Now we see LTP, FS, and RS for every strategy on our watchlist in real-time. We find mispriced spreads in seconds, not minutes.”
Options Trader
Prop Trading Desk
FAQs
Frequently Asked Questions
Start Trading with Edge
Stop Guessing.
Start Pricing.
- Combined strategy price as a single real-time token
- Fair value engine with IV surface and Greeks pricing
- RS signal identifies overpriced and underpriced spreads instantly
- 25+ predefined strategies and unlimited custom multi-leg
- Track infinite strategy tokens simultaneously, side-by-side
Built for pro traders who trade spreads with a systematic edge
LTP
Live strategy price
FS
Forward Spread
RS
Reverse Spread signal
25+
Predefined strategies
Infinite
Simultaneous tokens
Real-Time
Tick-by-tick updates