Free LME options pricing — correct, in your browser.
Multi-leg structures, Greeks and payoffs across the six base metals — checked against the LME's own calculator, methodology published.
Black-76 and TAPO pricing on the real LME prompt-date calendar, with no signup and nothing to install. As LME options move on-screen, it's the tool the Excel download and the equity calculators can't be.
What it does
Black-76 + TAPO pricing
European options on the forward via Black-76, plus TAPO (Asian / average-price) pricing — the contracts that actually trade on the LME metals desk.
All six base metals
Aluminium, copper, zinc, lead, nickel and tin — each on the correct LME prompt-date calendar: first-Wednesday expiry into the third-Wednesday prompt.
Up to 4-leg structures
Spreads, strangles, flies and custom books. Strikes by price or by delta — so a true 25-delta strangle is one input, not a guess.
A real five-wing vol smile
Five contributed wings, not a single flat vol — so the skew and curvature generic tools flatten are priced the way the market actually trades them.
Payoff with a time slider
A payoff diagram that sweeps from today to expiry on a slider — watch P&L, break-evens and theta decay reshape the structure as time passes.
A dockable workspace
A modular, dockable layout backed by a shared book and portfolio. Arrange pricer, legs and payoff panels to match how the desk actually works.
Why it's different
LME-specific, and correct
The prompt-date calendar, TAPO averaging windows and the 5-wing smile are modelled to how the LME actually works — the details generic equity-option tools quietly get wrong.
Published methodology
The models aren't a black box. The pricing methodology is written up so you can check exactly what sits behind every number before you trust it.
Free and frictionless
It runs in the browser with no signup, so it spreads inside a desk the way a good tool should — share a link and a colleague is pricing in seconds.
How it compares
Free, LME-correct, TAPO-native and smile-aware — a combination that doesn't exist anywhere else.
vs the LME's own calculator
The LME's free tool is an Excel download that prices one option at a time, off a single typed-in vol. This is a browser workspace — multi-leg, smile-aware and TAPO-native, with Greeks and payoffs. Nothing to install.
vs CME QuikStrike
QuikStrike is free and polished — but it prices COMEX metals, not LME. This is LME: the right contracts, the real prompt-date calendar, and TAPOs that COMEX doesn't have.
vs the terminals
Bloomberg OVML, LSEG IPA and FINCAD are the reference — at five or six figures a seat. The core LME pricing here is free, and correct where the free alternatives are wrong or absent.
Pricing
The pricer is free, forever. Higher tiers are rolling out.
Get notified when the next contracts land
The pricer is free today. Leave your email and we'll tell you the moment calendar & diagonal spreads, COMEX metals and seasoned TAPOs go live — plus early access to saved books, risk tools and live data as they ship.