Public showcase
Public options surfaces
Explore implied volatility, gamma, and dealer gamma exposure in a polished preview experience. These pages are meant to showcase the product, not replace the authenticated ColorVol dashboard.
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Dealer Ultima Surface
Third-order vol-of-vol — how vomma itself shifts with vol
Negative Ultima (ATM)
Vomma itself shrinks as vol rises. Ultima captures this third-order effect: dealer convexity is "consumed" by large IV moves.
Ultima and Tail Hedging
Far-OTM ultima concentrates in the tails. Institutional tail hedges often target high-ultima strikes because they have the most non-linear vol payoff.
When Ultima Dominates
During vol shocks (e.g. VIX > 30), the linear vega approximation breaks down. Ultima + Vomma together describe the full non-linear vol response.