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+"use client";
+
+import { useMemo } from "react";
+import { bsPrice, bsGreeks, bsSynthIV } from "@/lib/blackScholes";
+import type { Expiry, OptionType } from "./types";
+
+function smoothPath(pts: [number, number][]): string {
+ if (pts.length < 2) return "";
+ let d = `M ${pts[0][0]} ${pts[0][1]}`;
+ for (let i = 1; i < pts.length; i++) {
+ const [x0, y0] = pts[i - 1];
+ const [x1, y1] = pts[i];
+ const cx = (x0 + x1) / 2;
+ d += ` C ${cx} ${y0}, ${cx} ${y1}, ${x1} ${y1}`;
+ }
+ return d;
+}
+
+function linePath(pts: [number, number][]): string {
+ if (!pts.length) return "";
+ return pts.map(([x, y], i) => `${i === 0 ? 'M' : 'L'} ${x} ${y}`).join(' ');
+}
+
+interface SmileChartProps {
+ S: number;
+ T: number;
+ r: number;
+ q: number;
+ atmSigma: number;
+ K: number;
+ type: OptionType;
+ expiryLabel: string;
+ allExpiries: Expiry[];
+}
+
+export function SmileChart({ S, T, atmSigma, K, allExpiries }: SmileChartProps) {
+ const W = 720, H = 240;
+ const pad = { l: 40, r: 20, t: 20, b: 30 };
+ const iW = W - pad.l - pad.r;
+ const iH = H - pad.t - pad.b;
+
+ const kMin = S * 0.80, kMax = S * 1.22;
+ const nPts = 60;
+
+ const primaryPts = useMemo((): [number, number][] => {
+ const pts: [number, number][] = [];
+ for (let i = 0; i <= nPts; i++) {
+ const strike = kMin + (kMax - kMin) * i / nPts;
+ const iv = bsSynthIV(S, strike, T, atmSigma);
+ pts.push([strike, iv]);
+ }
+ return pts;
+ }, [S, T, atmSigma, kMin, kMax]);
+
+ const otherCurves = useMemo(() => {
+ return allExpiries
+ .filter(e => Math.abs(e.T - T) > 0.001)
+ .slice(0, 3)
+ .map(e => {
+ const pts: [number, number][] = [];
+ for (let i = 0; i <= nPts; i++) {
+ const strike = kMin + (kMax - kMin) * i / nPts;
+ const iv = bsSynthIV(S, strike, e.T, atmSigma);
+ pts.push([strike, iv]);
+ }
+ return pts;
+ });
+ }, [S, T, atmSigma, allExpiries, kMin, kMax]);
+
+ const allIvs = primaryPts.map(p => p[1]);
+ const ivMin = Math.max(0, Math.min(...allIvs) - 0.02);
+ const ivMax = Math.max(...allIvs) + 0.04;
+
+ function toX(strike: number) {
+ return pad.l + ((strike - kMin) / (kMax - kMin)) * iW;
+ }
+ function toY(iv: number) {
+ return pad.t + iH - ((iv - ivMin) / (ivMax - ivMin)) * iH;
+ }
+
+ const svgPrimary = smoothPath(primaryPts.map(([k, iv]) => [toX(k), toY(iv)] as [number, number]));
+ const fillPath = svgPrimary + ` L ${toX(kMax)} ${pad.t + iH} L ${toX(kMin)} ${pad.t + iH} Z`;
+ const kX = toX(K);
+ const kIv = bsSynthIV(S, K, T, atmSigma);
+ const kY = toY(kIv);
+ const atmX = toX(S);
+
+ const yTicks = 4;
+ const yLabels: number[] = [];
+ for (let i = 0; i <= yTicks; i++) {
+ yLabels.push(ivMin + (ivMax - ivMin) * i / yTicks);
+ }
+
+ return (
+ <div className="opt-chart-card opt-svg">
+ <div className="head">
+ <h4>Vol Smile</h4>
+ <span className="eyebrow">Implied Volatility vs. Strike</span>
+ </div>
+ <svg viewBox={`0 0 ${W} ${H}`} width="100%" height={H} style={{ display: 'block' }}>
+ {yLabels.map(iv => (
+ <g key={iv}>
+ <line className="grid" x1={pad.l} y1={toY(iv)} x2={pad.l + iW} y2={toY(iv)} />
+ <text x={pad.l - 4} y={toY(iv) + 4} textAnchor="end" className="opt-svg">{(iv * 100).toFixed(0)}%</text>
+ </g>
+ ))}
+ <line className="axis" x1={pad.l} y1={pad.t} x2={pad.l} y2={pad.t + iH} />
+ <line className="axis" x1={pad.l} y1={pad.t + iH} x2={pad.l + iW} y2={pad.t + iH} />
+ {otherCurves.map((pts, idx) => (
+ <path
+ key={idx}
+ className={idx === 0 ? 'curve fade1' : 'curve fade2'}
+ d={smoothPath(pts.map(([k, iv]) => [toX(k), toY(iv)] as [number, number]))}
+ />
+ ))}
+ <path className="curve fill" d={fillPath} />
+ <path className="curve accent" d={svgPrimary} />
+ <line className="spoke" x1={atmX} y1={pad.t} x2={atmX} y2={pad.t + iH} strokeDasharray="3 3" stroke="var(--brass)" strokeWidth="1" />
+ <text x={atmX} y={pad.t - 6} textAnchor="middle" className="atm">ATM</text>
+ <line className="crosshair" x1={kX} y1={pad.t} x2={kX} y2={pad.t + iH} />
+ <circle cx={kX} cy={kY} r={4} className="marker" />
+ <text x={kX + 6} y={kY - 6} className="brass">{(kIv * 100).toFixed(1)}%</text>
+ </svg>
+ </div>
+ );
+}
+
+interface TermStructureProps {
+ S: number;
+ r: number;
+ q: number;
+ atmSigma: number;
+ expiries: Expiry[];
+ selectedT: number;
+ onPickT: (T: number) => void;
+}
+
+export function TermStructure({ S, atmSigma, expiries, selectedT, onPickT }: TermStructureProps) {
+ const W = 360, H = 150;
+ const pad = { l: 36, r: 16, t: 16, b: 30 };
+ const iW = W - pad.l - pad.r;
+ const iH = H - pad.t - pad.b;
+
+ const pts = useMemo(() => expiries.map(e => {
+ const iv = bsSynthIV(S, S, e.T, atmSigma);
+ return { T: e.T, sqrtT: Math.sqrt(e.T), iv, label: e.label, dte: e.dte };
+ }), [S, atmSigma, expiries]);
+
+ const xs = pts.map(p => p.sqrtT);
+ const ivs = pts.map(p => p.iv);
+ const xMin = Math.min(...xs), xMax = Math.max(...xs);
+ const ivMin = Math.min(...ivs) - 0.01, ivMax = Math.max(...ivs) + 0.01;
+
+ function toX(sqrtT: number) {
+ return pad.l + ((sqrtT - xMin) / (xMax - xMin + 0.001)) * iW;
+ }
+ function toY(iv: number) {
+ return pad.t + iH - ((iv - ivMin) / (ivMax - ivMin + 0.001)) * iH;
+ }
+
+ const linePts: [number, number][] = pts.map(p => [toX(p.sqrtT), toY(p.iv)]);
+
+ return (
+ <div className="opt-chart-card opt-svg">
+ <div className="head">
+ <h4>Term Structure</h4>
+ <span className="eyebrow">ATM IV vs. Expiry</span>
+ </div>
+ <svg viewBox={`0 0 ${W} ${H}`} width="100%" height={H} style={{ display: 'block' }}>
+ <line className="axis" x1={pad.l} y1={pad.t} x2={pad.l} y2={pad.t + iH} />
+ <line className="axis" x1={pad.l} y1={pad.t + iH} x2={pad.l + iW} y2={pad.t + iH} />
+ <path className="curve fade1" d={linePath(linePts)} />
+ {pts.map((p) => {
+ const cx = toX(p.sqrtT);
+ const cy = toY(p.iv);
+ const isSel = Math.abs(p.T - selectedT) < 0.001;
+ return (
+ <g key={p.label} style={{ cursor: 'pointer' }} onClick={() => onPickT(p.T)}>
+ <circle
+ cx={cx} cy={cy} r={isSel ? 5 : 4}
+ fill={isSel ? 'var(--brass-bright)' : 'var(--fg-3)'}
+ stroke="var(--ink-0)" strokeWidth="1.5"
+ />
+ <text x={cx} y={pad.t + iH + 14} textAnchor="middle" fontSize="9">{p.label}</text>
+ </g>
+ );
+ })}
+ </svg>
+ </div>
+ );
+}
+
+interface GreekMiniProps {
+ name: string;
+ glyph: string;
+ kind: 'delta' | 'gamma' | 'vega' | 'theta';
+ S: number;
+ K: number;
+ T: number;
+ r: number;
+ q: number;
+ sigma: number;
+ type: OptionType;
+}
+
+export function GreekMini({ name, glyph, kind, S, K, T, r, q, sigma, type }: GreekMiniProps) {
+ const W = 160, H = 90;
+ const pad = { l: 8, r: 8, t: 8, b: 8 };
+ const iW = W - pad.l - pad.r;
+ const iH = H - pad.t - pad.b;
+
+ const nPts = 40;
+
+ const pts = useMemo((): [number, number][] => {
+ const sMin = S * 0.75, sMax = S * 1.25;
+ const result: [number, number][] = [];
+ for (let i = 0; i <= nPts; i++) {
+ const spot = sMin + (sMax - sMin) * i / nPts;
+ const g = bsGreeks(spot, K, T, r, q, sigma, type);
+ result.push([spot, g[kind]]);
+ }
+ return result;
+ }, [S, K, T, r, q, sigma, type, kind]);
+
+ const ys = pts.map(p => p[1]);
+ const yMin = Math.min(...ys), yMax = Math.max(...ys);
+ const xMin = pts[0][0], xMax = pts[pts.length - 1][0];
+
+ function toX(v: number) { return pad.l + ((v - xMin) / (xMax - xMin + 0.001)) * iW; }
+ function toY(v: number) { return pad.t + iH - ((v - yMin) / (yMax - yMin + 0.001)) * iH; }
+
+ const svgPts: [number, number][] = pts.map(([x, y]) => [toX(x), toY(y)]);
+ const curValG = bsGreeks(S, K, T, r, q, sigma, type);
+ const curVal = curValG[kind];
+
+ const dotX = toX(S);
+ const dotY = toY(curVal);
+
+ return (
+ <div className="opt-greek-mini">
+ <div className="lbl">
+ <span>{glyph} {name}</span>
+ <span className="v">{curVal.toFixed(4)}</span>
+ </div>
+ <svg viewBox={`0 0 ${W} ${H}`} width="100%" height={H} style={{ display: 'block' }} className="opt-svg">
+ <path className="curve accent" d={smoothPath(svgPts)} />
+ <circle cx={dotX} cy={dotY} r={3} className="marker" />
+ </svg>
+ </div>
+ );
+}
+
+interface PayoffProps {
+ S: number;
+ K: number;
+ T: number;
+ r: number;
+ q: number;
+ sigma: number;
+ type: OptionType;
+ mid?: number;
+}
+
+export function Payoff({ S, K, T, r, q, sigma, type, mid }: PayoffProps) {
+ const W = 720, H = 140;
+ const pad = { l: 44, r: 16, t: 16, b: 28 };
+ const iW = W - pad.l - pad.r;
+ const iH = H - pad.t - pad.b;
+
+ const premium = mid ?? bsPrice(S, K, T, r, q, sigma, type);
+
+ const sMin = S * 0.70, sMax = S * 1.30;
+ const nPts = 80;
+
+ const pnlPts = useMemo((): [number, number][] => {
+ const pts: [number, number][] = [];
+ for (let i = 0; i <= nPts; i++) {
+ const spot = sMin + (sMax - sMin) * i / nPts;
+ const payoff = type === 'C' ? Math.max(spot - K, 0) : Math.max(K - spot, 0);
+ pts.push([spot, payoff - premium]);
+ }
+ return pts;
+ }, [K, type, premium, sMin, sMax]);
+
+ const ys = pnlPts.map(p => p[1]);
+ const yMin = Math.min(...ys, -premium * 1.1);
+ const yMax = Math.max(...ys, premium * 1.1);
+
+ function toX(v: number) { return pad.l + ((v - sMin) / (sMax - sMin)) * iW; }
+ function toY(v: number) { return pad.t + iH - ((v - yMin) / (yMax - yMin + 0.001)) * iH; }
+
+ const zeroY = toY(0);
+ const gainPts = pnlPts.filter(p => p[1] >= 0);
+ const lossPts = pnlPts.filter(p => p[1] <= 0);
+
+ const allSvg = linePath(pnlPts.map(([x, y]) => [toX(x), toY(y)] as [number, number]));
+ const gainArea = gainPts.length > 1
+ ? linePath(gainPts.map(([x, y]) => [toX(x), toY(y)] as [number, number])) +
+ ` L ${toX(gainPts[gainPts.length - 1][0])} ${zeroY} L ${toX(gainPts[0][0])} ${zeroY} Z`
+ : '';
+ const lossArea = lossPts.length > 1
+ ? linePath(lossPts.map(([x, y]) => [toX(x), toY(y)] as [number, number])) +
+ ` L ${toX(lossPts[lossPts.length - 1][0])} ${zeroY} L ${toX(lossPts[0][0])} ${zeroY} Z`
+ : '';
+
+ const beSpot = type === 'C' ? K + premium : K - premium;
+ const beX = toX(beSpot);
+ const spotX = toX(S);
+ const kX = toX(K);
+
+ return (
+ <div className="opt-payoff opt-svg">
+ <svg viewBox={`0 0 ${W} ${H}`} width="100%" height={H} style={{ display: 'block' }}>
+ <line className="grid" x1={pad.l} y1={zeroY} x2={pad.l + iW} y2={zeroY} />
+ {gainArea && (
+ <path d={gainArea} fill="var(--positive)" opacity="0.18" />
+ )}
+ {lossArea && (
+ <path d={lossArea} fill="var(--negative)" opacity="0.18" />
+ )}
+ <path className="curve accent" d={allSvg} />
+ <line className="marker-line" x1={kX} y1={pad.t} x2={kX} y2={pad.t + iH} />
+ <text x={kX} y={pad.t + iH + 16} textAnchor="middle">K={K.toFixed(0)}</text>
+ <line x1={spotX} y1={pad.t} x2={spotX} y2={pad.t + iH} stroke="var(--fg-3)" strokeWidth="1" strokeDasharray="2 3" />
+ <text x={spotX} y={pad.t - 4} textAnchor="middle" className="brass">S</text>
+ {beSpot >= sMin && beSpot <= sMax && (
+ <>
+ <line className="marker-line" x1={beX} y1={pad.t} x2={beX} y2={pad.t + iH} />
+ <text x={beX} y={pad.t + 14} textAnchor="middle" className="brass">BE</text>
+ </>
+ )}
+ </svg>
+ </div>
+ );
+}