The product we call "The Modifier" is built around a advanced mathematical algoritm designed to find solutions that modify an existing options portfolio's risk profile to match desired risk parameters.
This goes way beyond "what if" testing software and is intended for trading groups with large options positions that need to quickly fine tune risk parameters such as the portfolio's delta, gamma, theta and kappa exposure in a real time trading environment.
Several versions of "The Modifier" are available. However, the most effective application involves a design interface to the host network where positions, open trades, real time prices and dynamically calculated option derivatives can be accessed. Contact Greg Smith at GTS Research for information on adapting these sophisticated risk control algorithms to your trading environment.