iOptioneer Lt is an advanced option strategy reference application available on iPhone. This program allows users to delve into various option strategies such as Calendar Spreads, Strangles, Butterflies, and Condors. Through iOptioneer Lt, users can visually and numerically analyze how different strategies perform under varying market conditions using well-known market models like Black and Scholes, simple Binomial, and Binomial with volatility skew.

With real-time interactive risk and value graphs, users can simulate changes to strategy values and risk parameters including delta, gamma, vega, and theta. This application provides a platform for users to not only access information but also develop a deep understanding of how different option strategies operate in real-world scenarios.