diff --git a/README.md b/README.md
new file mode 100644
index 0000000..a5029b2
--- /dev/null
+++ b/README.md
@@ -0,0 +1,8 @@
+Choose Underlying
+Choose Strike
+For each front-mont-back-month combination:
+  Lookup the cost to open the position
+  At the front month's expiration, the back-month will have a certain DTE. Determine what IV the back-month will need in order to offset this cost.
+  Determine the 30-day lo-hi range for IV, normalized for distance-from-the-money and time-to-expiry.
+    In other words, a naive 30-day-lo-hi isn't informative, because maybe it was low due to long time-to-expiry, or high due to distance-from-the-money
+  Normalize the IV that was determined to yield a profit, and see if it's higher than the bottom of the lo-hi range. If it is, it's safe; the only way to lose is for it to end-off having a lower IV than the 30-day record.
\ No newline at end of file
diff --git a/dist/App.module.css b/dist/App.module.css
index 18a0e35..8aab74e 100644
--- a/dist/App.module.css
+++ b/dist/App.module.css
@@ -3,7 +3,18 @@
   flex-direction: column;
   display: flex;
 }
-.App-module__app_gPMrEW__001 > .App-module__picker_gPMrEW__001 {
+.App-module__app_gPMrEW__001 > .App-module__form_gPMrEW__001 {
+  flex-direction: column;
+  max-width: 30em;
+  display: flex;
+}
+.App-module__app_gPMrEW__001 > .App-module__form_gPMrEW__001 > .App-module__underlyingPrice_gPMrEW__001 {
+  flex-direction: row;
+  justify-content: flex-start;
+  gap: .6em;
+  display: flex;
+}
+.App-module__app_gPMrEW__001 > .App-module__form_gPMrEW__001 > .App-module__picker_gPMrEW__001 {
   flex-direction: row;
   justify-content: space-between;
   display: flex;
diff --git a/dist/App.module.js b/dist/App.module.js
index 7897149..21edfd6 100644
--- a/dist/App.module.js
+++ b/dist/App.module.js
@@ -1,7 +1,9 @@
 // src/App.module.css
 var App_module_default = {
   "app": "App-module__app_gPMrEW__001",
-  "picker": "App-module__picker_gPMrEW__001"
+  "form": "App-module__form_gPMrEW__001",
+  "picker": "App-module__picker_gPMrEW__001",
+  "underlyingPrice": "App-module__underlyingPrice_gPMrEW__001"
 };
 export {
   App_module_default as default
diff --git a/dist/index.css b/dist/index.css
index 18a0e35..8aab74e 100644
--- a/dist/index.css
+++ b/dist/index.css
@@ -3,7 +3,18 @@
   flex-direction: column;
   display: flex;
 }
-.App-module__app_gPMrEW__001 > .App-module__picker_gPMrEW__001 {
+.App-module__app_gPMrEW__001 > .App-module__form_gPMrEW__001 {
+  flex-direction: column;
+  max-width: 30em;
+  display: flex;
+}
+.App-module__app_gPMrEW__001 > .App-module__form_gPMrEW__001 > .App-module__underlyingPrice_gPMrEW__001 {
+  flex-direction: row;
+  justify-content: flex-start;
+  gap: .6em;
+  display: flex;
+}
+.App-module__app_gPMrEW__001 > .App-module__form_gPMrEW__001 > .App-module__picker_gPMrEW__001 {
   flex-direction: row;
   justify-content: space-between;
   display: flex;
diff --git a/dist/index.js b/dist/index.js
index fb3ac3d..3c6c9e9 100644
--- a/dist/index.js
+++ b/dist/index.js
@@ -1100,7 +1100,7 @@ var require_react_development = __commonJS({
           var dispatcher = resolveDispatcher();
           return dispatcher.useRef(initialValue);
         }
-        function useEffect5(create, deps) {
+        function useEffect6(create, deps) {
           var dispatcher = resolveDispatcher();
           return dispatcher.useEffect(create, deps);
         }
@@ -1116,7 +1116,7 @@ var require_react_development = __commonJS({
           var dispatcher = resolveDispatcher();
           return dispatcher.useCallback(callback2, deps);
         }
-        function useMemo2(create, deps) {
+        function useMemo3(create, deps) {
           var dispatcher = resolveDispatcher();
           return dispatcher.useMemo(create, deps);
         }
@@ -1882,12 +1882,12 @@ var require_react_development = __commonJS({
         exports.useContext = useContext2;
         exports.useDebugValue = useDebugValue2;
         exports.useDeferredValue = useDeferredValue;
-        exports.useEffect = useEffect5;
+        exports.useEffect = useEffect6;
         exports.useId = useId;
         exports.useImperativeHandle = useImperativeHandle;
         exports.useInsertionEffect = useInsertionEffect;
         exports.useLayoutEffect = useLayoutEffect;
-        exports.useMemo = useMemo2;
+        exports.useMemo = useMemo3;
         exports.useReducer = useReducer2;
         exports.useRef = useRef3;
         exports.useState = useState;
@@ -24379,10 +24379,10 @@ var require_react_jsx_runtime_development = __commonJS({
             return jsxWithValidation(type, props, key, false);
           }
         }
-        var jsx6 = jsxWithValidationDynamic;
+        var jsx7 = jsxWithValidationDynamic;
         var jsxs4 = jsxWithValidationStatic;
         exports.Fragment = REACT_FRAGMENT_TYPE;
-        exports.jsx = jsx6;
+        exports.jsx = jsx7;
         exports.jsxs = jsxs4;
       })();
     }
@@ -24417,7 +24417,7 @@ function Header() {
 var Header_default = Header;
 
 // src/Picker.tsx
-var import_react2 = __toESM(require_react(), 1);
+var import_react3 = __toESM(require_react(), 1);
 
 // node_modules/jotai/esm/vanilla.mjs
 var keyCount = 0;
@@ -25064,31 +25064,40 @@ function useAtom(atom2, options) {
   ];
 }
 
+// src/util.ts
+var import_react2 = __toESM(require_react(), 1);
+function useLocalAtom(initialValue, deps) {
+  return (0, import_react2.useMemo)(() => atom(initialValue), deps);
+}
+function useCommand(fn, deps) {
+  return useSetAtom((0, import_react2.useMemo)(() => atom(null, fn), deps));
+}
+
 // src/Picker.tsx
 var import_jsx_runtime2 = __toESM(require_jsx_runtime(), 1);
 function Picker({
   $url,
-  $options = (0, import_react2.useMemo)(() => atom([]), []),
-  $isLoading = (0, import_react2.useMemo)(() => atom(true), []),
-  $isEnabled = (0, import_react2.useMemo)(() => atom(true), []),
-  $selectedOption = (0, import_react2.useMemo)(() => atom(""), [])
+  $options = (0, import_react3.useMemo)(() => atom([]), []),
+  $isLoading = (0, import_react3.useMemo)(() => atom(true), []),
+  $isEnabled = (0, import_react3.useMemo)(() => atom(true), []),
+  $selectedOptionValue = (0, import_react3.useMemo)(() => atom(""), [])
 }) {
   const url = useAtomValue($url);
   const options = useAtomValue($options);
   const isLoading = useAtomValue($isLoading);
-  const [selectedOption, setSelectedOption] = useAtom($selectedOption);
+  const [selectedOptionValue, setSelectedOptionValue] = useAtom($selectedOptionValue);
   const isEnabled = useAtomValue($isEnabled);
-  const optionsFetched = useSetAtom((0, import_react2.useMemo)(() => atom(null, (get, set2, options2) => {
+  const handleFetchedOptions = useCommand((get, set2, options2) => {
     set2($options, options2);
     set2($isLoading, false);
-  }), [$options, $isLoading]));
-  (0, import_react2.useEffect)(() => {
+  }, [$options, $isLoading]);
+  (0, import_react3.useEffect)(() => {
     if (isEnabled) {
-      fetch(url).then((x) => x.json()).catch((err) => ["AAPL", "MSFT", "GOOG"]).then(optionsFetched);
+      fetch(url).then((x) => x.json()).catch((err) => ["AAPL", "MSFT", "GOOG"]).then(handleFetchedOptions);
     }
   }, [url, isEnabled]);
-  return /* @__PURE__ */ (0, import_jsx_runtime2.jsx)("div", { children: isLoading ? /* @__PURE__ */ (0, import_jsx_runtime2.jsx)("span", { children: "Loading..." }) : /* @__PURE__ */ (0, import_jsx_runtime2.jsxs)("select", { value: selectedOption, onChange: (e) => {
-    setSelectedOption(e.target.value);
+  return /* @__PURE__ */ (0, import_jsx_runtime2.jsx)("div", { children: isLoading ? /* @__PURE__ */ (0, import_jsx_runtime2.jsx)("span", { children: "Loading..." }) : /* @__PURE__ */ (0, import_jsx_runtime2.jsxs)("select", { value: selectedOptionValue, onChange: (e) => {
+    setSelectedOptionValue(e.target.value);
   }, children: [
     /* @__PURE__ */ (0, import_jsx_runtime2.jsx)("option", { value: "" }, ""),
     options.map(
@@ -25100,7 +25109,9 @@ function Picker({
 // src/App.module.css
 var App_module_default = {
   "app": "App-module__app_gPMrEW__001",
-  "picker": "App-module__picker_gPMrEW__001"
+  "form": "App-module__form_gPMrEW__001",
+  "picker": "App-module__picker_gPMrEW__001",
+  "underlyingPrice": "App-module__underlyingPrice_gPMrEW__001"
 };
 
 // node_modules/@kurkle/color/dist/color.esm.js
@@ -36540,7 +36551,7 @@ __publicField(TimeSeriesScale, "id", "timeseries");
 __publicField(TimeSeriesScale, "defaults", TimeScale.defaults);
 
 // node_modules/react-chartjs-2/dist/index.js
-var import_react3 = __toESM(require_react(), 1);
+var import_react4 = __toESM(require_react(), 1);
 var defaultDatasetIdKey = "label";
 function reforwardRef(ref, value) {
   if (typeof ref === "function") {
@@ -36585,8 +36596,8 @@ function cloneData(data) {
 }
 function ChartComponent(props, ref) {
   const { height = 150, width = 300, redraw = false, datasetIdKey, type, data, options, plugins = [], fallbackContent, updateMode, ...canvasProps } = props;
-  const canvasRef = (0, import_react3.useRef)(null);
-  const chartRef = (0, import_react3.useRef)();
+  const canvasRef = (0, import_react4.useRef)(null);
+  const chartRef = (0, import_react4.useRef)();
   const renderChart = () => {
     if (!canvasRef.current)
       return;
@@ -36607,7 +36618,7 @@ function ChartComponent(props, ref) {
       chartRef.current = null;
     }
   };
-  (0, import_react3.useEffect)(() => {
+  (0, import_react4.useEffect)(() => {
     if (!redraw && chartRef.current && options) {
       setOptions(chartRef.current, options);
     }
@@ -36615,7 +36626,7 @@ function ChartComponent(props, ref) {
     redraw,
     options
   ]);
-  (0, import_react3.useEffect)(() => {
+  (0, import_react4.useEffect)(() => {
     if (!redraw && chartRef.current) {
       setLabels(chartRef.current.config.data, data.labels);
     }
@@ -36623,7 +36634,7 @@ function ChartComponent(props, ref) {
     redraw,
     data.labels
   ]);
-  (0, import_react3.useEffect)(() => {
+  (0, import_react4.useEffect)(() => {
     if (!redraw && chartRef.current && data.datasets) {
       setDatasets(chartRef.current.config.data, data.datasets, datasetIdKey);
     }
@@ -36631,7 +36642,7 @@ function ChartComponent(props, ref) {
     redraw,
     data.datasets
   ]);
-  (0, import_react3.useEffect)(() => {
+  (0, import_react4.useEffect)(() => {
     if (!chartRef.current)
       return;
     if (redraw) {
@@ -36647,7 +36658,7 @@ function ChartComponent(props, ref) {
     data.datasets,
     updateMode
   ]);
-  (0, import_react3.useEffect)(() => {
+  (0, import_react4.useEffect)(() => {
     if (!chartRef.current)
       return;
     destroyChart();
@@ -36655,21 +36666,21 @@ function ChartComponent(props, ref) {
   }, [
     type
   ]);
-  (0, import_react3.useEffect)(() => {
+  (0, import_react4.useEffect)(() => {
     renderChart();
     return () => destroyChart();
   }, []);
-  return /* @__PURE__ */ import_react3.default.createElement("canvas", Object.assign({
+  return /* @__PURE__ */ import_react4.default.createElement("canvas", Object.assign({
     ref: canvasRef,
     role: "img",
     height,
     width
   }, canvasProps), fallbackContent);
 }
-var Chart2 = /* @__PURE__ */ (0, import_react3.forwardRef)(ChartComponent);
+var Chart2 = /* @__PURE__ */ (0, import_react4.forwardRef)(ChartComponent);
 function createTypedChart(type, registerables) {
   Chart.register(registerables);
-  return /* @__PURE__ */ (0, import_react3.forwardRef)((props, ref) => /* @__PURE__ */ import_react3.default.createElement(Chart2, Object.assign({}, props, {
+  return /* @__PURE__ */ (0, import_react4.forwardRef)((props, ref) => /* @__PURE__ */ import_react4.default.createElement(Chart2, Object.assign({}, props, {
     ref,
     type
   })));
@@ -36784,7 +36795,7 @@ function loadable(anAtom) {
 }
 
 // src/CalendarPricesChart.tsx
-var import_react4 = __toESM(require_react(), 1);
+var import_react5 = __toESM(require_react(), 1);
 var import_jsx_runtime3 = __toESM(require_jsx_runtime(), 1);
 Chart.register(LineElement, plugin_tooltip, plugin_legend, CategoryScale, LinearScale, PointElement);
 var $prices = loadable(atom(async (get) => {
@@ -36800,7 +36811,7 @@ var $prices = loadable(atom(async (get) => {
 }));
 function CalendarPricesChart() {
   const prices = useAtomValue($prices);
-  (0, import_react4.useEffect)(() => {
+  (0, import_react5.useEffect)(() => {
     console.log(prices);
   }, [prices]);
   if (prices.state === "hasData") {
@@ -36826,8 +36837,25 @@ function CalendarPricesChart() {
   }
 }
 
-// src/App.tsx
+// src/UnderlyingPrice.tsx
+var import_react6 = __toESM(require_react(), 1);
 var import_jsx_runtime4 = __toESM(require_jsx_runtime(), 1);
+function UnderlyingPrice({ $underlying, $quoteDate }) {
+  const underlying = useAtomValue($underlying);
+  const quoteDate = useAtomValue($quoteDate);
+  const $underlyingPrice = useLocalAtom("", [$underlying, $quoteDate]);
+  const [underlyingPrice, setUnderlyingPrice] = useAtom($underlyingPrice);
+  const handleInit = useCommand(() => {
+    fetch(`${baseUrl}/underlying_quotes/${underlying}/${quoteDate.substring(0, 10)}`).then((x) => x.json()).then((rows) => {
+      setUnderlyingPrice(rows[0].close.toString());
+    });
+  }, [underlying, quoteDate]);
+  (0, import_react6.useEffect)(handleInit, [underlying, quoteDate]);
+  return /* @__PURE__ */ (0, import_jsx_runtime4.jsx)("span", { children: underlyingPrice });
+}
+
+// src/App.tsx
+var import_jsx_runtime5 = __toESM(require_jsx_runtime(), 1);
 var baseUrl = "http://127.0.0.1:8234";
 var $underlyingsUrl = atom(`${baseUrl}/option_quotes/underlyings`);
 var $selectedUnderlying = atom("");
@@ -36844,38 +36872,46 @@ var $backMonthExpirationPickerUrl = atom((get) => `${baseUrl}/option_quotes/${ge
 var $isBackMonthExpirationPickerEnabled = atom((get) => get($selectedQuoteDate) !== "" && get($selectedUnderlying) !== "");
 var $selectedBackExpiration = atom("");
 function App() {
-  return /* @__PURE__ */ (0, import_jsx_runtime4.jsxs)("div", { className: App_module_default.app, children: [
-    /* @__PURE__ */ (0, import_jsx_runtime4.jsx)(Header_default, {}),
-    /* @__PURE__ */ (0, import_jsx_runtime4.jsxs)("div", { className: App_module_default.picker, children: [
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)("label", { children: "Underlying" }),
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)(Picker, { $url: $underlyingsUrl, $selectedOption: $selectedUnderlying })
-    ] }),
-    /* @__PURE__ */ (0, import_jsx_runtime4.jsxs)("div", { className: App_module_default.picker, children: [
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)("label", { children: "Quote Date" }),
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)(Picker, { $url: $quoteDatePickerUrl, $isEnabled: $isQuoteDatePickerEnabled, $selectedOption: $selectedQuoteDate })
+  const selectedUnderlying = useAtomValue($selectedUnderlying);
+  return /* @__PURE__ */ (0, import_jsx_runtime5.jsxs)("div", { className: App_module_default.app, children: [
+    /* @__PURE__ */ (0, import_jsx_runtime5.jsx)(Header_default, {}),
+    /* @__PURE__ */ (0, import_jsx_runtime5.jsxs)("div", { className: App_module_default.form, children: [
+      /* @__PURE__ */ (0, import_jsx_runtime5.jsxs)("div", { className: App_module_default.underlyingPrice, children: [
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)("span", { children: "Underlying: " }),
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)("span", { children: selectedUnderlying }),
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)(UnderlyingPrice, { $underlying: $selectedUnderlying, $quoteDate: $selectedQuoteDate })
+      ] }),
+      /* @__PURE__ */ (0, import_jsx_runtime5.jsxs)("div", { className: App_module_default.picker, children: [
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)("label", { children: "Underlying" }),
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)(Picker, { $url: $underlyingsUrl, $selectedOptionValue: $selectedUnderlying })
+      ] }),
+      /* @__PURE__ */ (0, import_jsx_runtime5.jsxs)("div", { className: App_module_default.picker, children: [
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)("label", { children: "Quote Date" }),
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)(Picker, { $url: $quoteDatePickerUrl, $isEnabled: $isQuoteDatePickerEnabled, $selectedOptionValue: $selectedQuoteDate })
+      ] }),
+      /* @__PURE__ */ (0, import_jsx_runtime5.jsxs)("div", { className: App_module_default.picker, children: [
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)("label", { children: "Strike" }),
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)(Picker, { $url: $strikePickerUrl, $isEnabled: $isStrikePickerEnabled, $selectedOptionValue: $selectedStrike })
+      ] }),
+      /* @__PURE__ */ (0, import_jsx_runtime5.jsxs)("div", { className: App_module_default.picker, children: [
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)("label", { children: "Front Expiration" }),
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)(Picker, { $url: $frontMonthExpirationPickerUrl, $isEnabled: $isFrontMonthExpirationPickerEnabled, $selectedOptionValue: $selectedFrontExpiration })
+      ] }),
+      /* @__PURE__ */ (0, import_jsx_runtime5.jsxs)("div", { className: App_module_default.picker, children: [
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)("label", { children: "Back Expiration" }),
+        /* @__PURE__ */ (0, import_jsx_runtime5.jsx)(Picker, { $url: $backMonthExpirationPickerUrl, $isEnabled: $isBackMonthExpirationPickerEnabled, $selectedOptionValue: $selectedBackExpiration })
+      ] })
     ] }),
-    /* @__PURE__ */ (0, import_jsx_runtime4.jsxs)("div", { className: App_module_default.picker, children: [
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)("label", { children: "Strike" }),
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)(Picker, { $url: $strikePickerUrl, $isEnabled: $isStrikePickerEnabled, $selectedOption: $selectedStrike })
-    ] }),
-    /* @__PURE__ */ (0, import_jsx_runtime4.jsxs)("div", { className: App_module_default.picker, children: [
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)("label", { children: "Front Expiration" }),
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)(Picker, { $url: $frontMonthExpirationPickerUrl, $isEnabled: $isFrontMonthExpirationPickerEnabled, $selectedOption: $selectedFrontExpiration })
-    ] }),
-    /* @__PURE__ */ (0, import_jsx_runtime4.jsxs)("div", { className: App_module_default.picker, children: [
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)("label", { children: "Back Expiration" }),
-      /* @__PURE__ */ (0, import_jsx_runtime4.jsx)(Picker, { $url: $backMonthExpirationPickerUrl, $isEnabled: $isBackMonthExpirationPickerEnabled, $selectedOption: $selectedBackExpiration })
-    ] }),
-    /* @__PURE__ */ (0, import_jsx_runtime4.jsx)(CalendarPricesChart, {})
+    /* @__PURE__ */ (0, import_jsx_runtime5.jsx)(CalendarPricesChart, {})
   ] });
 }
 var App_default = App;
 
 // src/index.tsx
-var import_jsx_runtime5 = __toESM(require_jsx_runtime(), 1);
+var import_jsx_runtime6 = __toESM(require_jsx_runtime(), 1);
 var rootEl = document.getElementById("app");
 var Root = (0, import_client.createRoot)(rootEl);
-Root.render(/* @__PURE__ */ (0, import_jsx_runtime5.jsx)(App_default, {}));
+Root.render(/* @__PURE__ */ (0, import_jsx_runtime6.jsx)(App_default, {}));
 /*! Bundled license information:
 
 react/cjs/react.development.js:
diff --git a/src/App.module.css b/src/App.module.css
index 828a383..9ba9ad5 100644
--- a/src/App.module.css
+++ b/src/App.module.css
@@ -2,7 +2,18 @@
   display:flex;
   flex-direction: column;
 }
-.app > .picker {
+.app > .form {
+  display:flex;
+  flex-direction: column;
+  max-width: 30em;
+}
+.app > .form > .underlyingPrice {
+  display: flex;
+  flex-direction: row;
+  justify-content: flex-start;
+  gap: 0.6em;
+}
+.app > .form > .picker {
   display: flex;
   flex-direction: row;
   justify-content: space-between;
diff --git a/src/App.tsx b/src/App.tsx
index a6f7325..568d627 100644
--- a/src/App.tsx
+++ b/src/App.tsx
@@ -2,12 +2,11 @@ import Header from './Header';
 import { HistoricalImpliedVolatilityChart } from "./HistoricalImpliedVolatilityChart";
 import { Picker } from './Picker';
 import { atom as $, useAtomValue } from 'jotai';
-import { loadable } from 'jotai/utils';
 //import './index.css';
 //@ts-ignore
 import k from './App.module.css';
-import { useEffect } from 'react';
 import { CalendarPricesChart } from './CalendarPricesChart';
+import { UnderlyingPrice } from './UnderlyingPrice';
 
 export const baseUrl = 'http://127.0.0.1:8234';
 
@@ -32,16 +31,19 @@ export const $isBackMonthExpirationPickerEnabled = $((get) => get($selectedQuote
 export const $selectedBackExpiration = $('');
 
 
-
 function App() {
+  const selectedUnderlying = useAtomValue($selectedUnderlying);
   return (
   <div className={k.app}>
     <Header />
-    <div className={k.picker}><label>Underlying</label><Picker $url={$underlyingsUrl} $selectedOption={$selectedUnderlying} /></div>
-    <div className={k.picker}><label>Quote Date</label><Picker $url={$quoteDatePickerUrl} $isEnabled={$isQuoteDatePickerEnabled} $selectedOption={$selectedQuoteDate}/></div>
-    <div className={k.picker}><label>Strike</label><Picker $url={$strikePickerUrl} $isEnabled={$isStrikePickerEnabled} $selectedOption={$selectedStrike}/></div>
-    <div className={k.picker}><label>Front Expiration</label><Picker $url={$frontMonthExpirationPickerUrl} $isEnabled={$isFrontMonthExpirationPickerEnabled} $selectedOption={$selectedFrontExpiration} /></div>
-    <div className={k.picker}><label>Back Expiration</label><Picker $url={$backMonthExpirationPickerUrl} $isEnabled={$isBackMonthExpirationPickerEnabled} $selectedOption={$selectedBackExpiration} /></div>
+    <div className={k.form}>
+      <div className={k.underlyingPrice}><span>Underlying: </span><span>{selectedUnderlying}</span><UnderlyingPrice $underlying={$selectedUnderlying} $quoteDate={$selectedQuoteDate} /></div>
+      <div className={k.picker}><label>Underlying</label><Picker $url={$underlyingsUrl} $selectedOptionValue={$selectedUnderlying} /></div>
+      <div className={k.picker}><label>Quote Date</label><Picker $url={$quoteDatePickerUrl} $isEnabled={$isQuoteDatePickerEnabled} $selectedOptionValue={$selectedQuoteDate}/></div>
+      <div className={k.picker}><label>Strike</label><Picker $url={$strikePickerUrl} $isEnabled={$isStrikePickerEnabled} $selectedOptionValue={$selectedStrike}/></div>
+      <div className={k.picker}><label>Front Expiration</label><Picker $url={$frontMonthExpirationPickerUrl} $isEnabled={$isFrontMonthExpirationPickerEnabled} $selectedOptionValue={$selectedFrontExpiration} /></div>
+      <div className={k.picker}><label>Back Expiration</label><Picker $url={$backMonthExpirationPickerUrl} $isEnabled={$isBackMonthExpirationPickerEnabled} $selectedOptionValue={$selectedBackExpiration} /></div>
+    </div>
     <CalendarPricesChart />
     {/* <HistoricalImpliedVolatilityChart /> */}
   </div>
diff --git a/src/Picker.tsx b/src/Picker.tsx
index c3a7a71..20f620e 100644
--- a/src/Picker.tsx
+++ b/src/Picker.tsx
@@ -1,10 +1,12 @@
 import { useEffect, useMemo } from "react";
 import { atom as $, useAtom, Atom, PrimitiveAtom, useAtomValue, useSetAtom, } from 'jotai';
+import { baseUrl } from "./App";
+import { useCommand } from "./util";
 
 type PickerInput = { 
   $options?:PrimitiveAtom<Array<string>>, 
   $isLoading?:PrimitiveAtom<boolean>, 
-  $selectedOption?:PrimitiveAtom<string>, 
+  $selectedOptionValue?:PrimitiveAtom<string>, 
   $url:Atom<string>, 
   $isEnabled?:Atom<boolean>
 };
@@ -13,25 +15,25 @@ export function Picker({
     $options        = useMemo(()=>$([]),  []), 
     $isLoading      = useMemo(()=>$(true),[]), 
     $isEnabled      = useMemo(()=>$(true),[]), 
-    $selectedOption = useMemo(()=>$(''),  [])
+    $selectedOptionValue = useMemo(()=>$(''),  [])
   }: PickerInput){
   const url = useAtomValue($url);
   const options = useAtomValue($options);
   const isLoading = useAtomValue($isLoading);
-  const [selectedOption, setSelectedOption] = useAtom($selectedOption);
+  const [selectedOptionValue, setSelectedOptionValue] = useAtom($selectedOptionValue);
   const isEnabled = useAtomValue($isEnabled);
 
-  const optionsFetched = useSetAtom(useMemo(()=>$(null, (get,set,options)=>{
+  const handleFetchedOptions = useCommand((get,set,options)=>{
     set($options, options);
     set($isLoading, false);
-  }),[$options, $isLoading]));
+  }, [$options, $isLoading]);
 
   useEffect(()=>{
     if(isEnabled){
       fetch(url)
       .then(x=>x.json())
       .catch((err)=>['AAPL', 'MSFT', 'GOOG'])
-      .then(optionsFetched)
+      .then(handleFetchedOptions)
     }
   },[url, isEnabled])
   
@@ -41,7 +43,7 @@ export function Picker({
       ?
       <span>Loading...</span>
       :
-      <select value={selectedOption} onChange={(e)=>{ setSelectedOption(e.target.value); }}>
+      <select value={selectedOptionValue} onChange={(e)=>{ setSelectedOptionValue(e.target.value); }}>
         <option key="" value=""></option>
         {options.map((date)=>
           <option key={date} value={date}>{date}</option>
diff --git a/src/UnderlyingPrice.tsx b/src/UnderlyingPrice.tsx
new file mode 100644
index 0000000..775f654
--- /dev/null
+++ b/src/UnderlyingPrice.tsx
@@ -0,0 +1,23 @@
+import { atom as $, useAtom, useAtomValue } from 'jotai';
+import { useEffect } from 'react';
+import { useCommand, useLocalAtom } from './util';
+import { baseUrl } from './App';
+
+export function UnderlyingPrice({$underlying, $quoteDate}){
+  const underlying = useAtomValue($underlying);
+  const quoteDate = useAtomValue($quoteDate) as String;
+  const $underlyingPrice = useLocalAtom('', [$underlying, $quoteDate]);
+  const [underlyingPrice, setUnderlyingPrice] = useAtom($underlyingPrice);
+
+  const handleInit = useCommand(()=>{
+    fetch(`${baseUrl}/underlying_quotes/${underlying}/${quoteDate.substring(0,10)}`).then((x)=>x.json())
+    .then((rows)=>{ setUnderlyingPrice(rows[0].close.toString()); });
+  },[underlying, quoteDate]);
+
+  //@ts-ignore
+  useEffect(handleInit,[underlying, quoteDate]);
+
+  return (
+    <span>{underlyingPrice}</span>
+  );
+}
\ No newline at end of file
diff --git a/src/util.ts b/src/util.ts
new file mode 100644
index 0000000..f96d436
--- /dev/null
+++ b/src/util.ts
@@ -0,0 +1,96 @@
+import { useSetAtom, atom as $ } from "jotai";
+import { useMemo } from "react";
+
+// from [https://stackoverflow.com/a/14873282]
+function erf(x) {
+  // save the sign of x
+  var sign = (x >= 0) ? 1 : -1;
+  x = Math.abs(x);
+
+  // constants
+  var a1 =  0.254829592;
+  var a2 = -0.284496736;
+  var a3 =  1.421413741;
+  var a4 = -1.453152027;
+  var a5 =  1.061405429;
+  var p  =  0.3275911;
+
+  // A&S formula 7.1.26
+  var t = 1.0/(1.0 + p*x);
+  var y = 1.0 - (((((a5 * t + a4) * t) + a3) * t + a2) * t + a1) * t * Math.exp(-x * x);
+  return sign * y; // erf(-x) = -erf(x);
+}
+
+// produced by ChatGPT
+export function calculateImpliedVolatility(optionPrice, underlyingPrice, strikePrice, timeToExpiration, riskFreeRate, optionType, maxIterations = 100, tolerance = 0.0001) {
+  let iv = 0.5; // Initial guess for implied volatility
+  let epsilon = 1e-6; // Small value to avoid division by zero
+  
+  for (let i = 0; i < maxIterations; i++) {
+      const optionPriceEstimate = calculateOptionPrice(underlyingPrice, strikePrice, timeToExpiration, iv, riskFreeRate, optionType);
+      const vega = calculateVega(underlyingPrice, strikePrice, timeToExpiration, iv, riskFreeRate);
+      const diff = optionPrice - optionPriceEstimate;
+
+      if (Math.abs(diff) < tolerance) {
+          return iv;
+      }
+
+      iv = iv + (diff / (vega || epsilon)); // Avoid division by zero
+  }
+
+  return NaN; // If max iterations are reached, return NaN (no convergence)
+}
+
+function calculateOptionPrice(S, K, T, impliedVolatility, r, optionType) {
+  const d1 = (Math.log(S / K) + (r + (impliedVolatility ** 2) / 2) * T) / (impliedVolatility * Math.sqrt(T));
+  const d2 = d1 - impliedVolatility * Math.sqrt(T);
+  
+  if (optionType === 'call') {
+      return S * Math.exp(-r * T) * cumulativeDistributionFunction(d1) - K * Math.exp(-r * T) * cumulativeDistributionFunction(d2);
+  } else if (optionType === 'put') {
+      return K * Math.exp(-r * T) * cumulativeDistributionFunction(-d2) - S * Math.exp(-r * T) * cumulativeDistributionFunction(-d1);
+  } else {
+      throw new Error('Invalid option type. Use "call" or "put".');
+  }
+}
+
+function calculateVega(S, K, T, impliedVolatility, r) {
+  const d1 = (Math.log(S / K) + (r + (impliedVolatility ** 2) / 2) * T) / (impliedVolatility * Math.sqrt(T));
+  return S * Math.sqrt(T) * probabilityDensityFunction(d1);
+}
+
+function cumulativeDistributionFunction(x) {
+  return 0.5 * (1 + erf(x / Math.sqrt(2)));
+}
+
+function probabilityDensityFunction(x) {
+  return Math.exp(-0.5 * x ** 2) / Math.sqrt(2 * Math.PI);
+}
+
+// Example usage
+/*
+const optionPrice = 5.25; // Example option price
+const underlyingPrice = 50; // Example underlying stock price
+const strikePrice = 50; // Example strike price
+const timeToExpiration = 0.25; // Example time to expiration (in years)
+const riskFreeRate = 0.03; // Example risk-free interest rate
+const optionType = 'call'; // Example option type ('call' or 'put')
+
+const impliedVolatility = calculateImpliedVolatility(optionPrice, underlyingPrice, strikePrice, timeToExpiration, riskFreeRate, optionType);
+console.log('Implied Volatility:', impliedVolatility);
+*/
+
+export function useLocalAtom(initialValue, deps){
+  return useMemo(()=>$(initialValue), deps);
+}
+
+/**
+ * Define a "command": a function that mutates state. It's passed `get` and `set` functions to access Jotai atoms, in addition to any other parameters.
+ * The function is memoized and is returned in the form of a Jotai "set" atom. It's called like any other function.
+ * @param fn The function to memoize
+ * @param deps Dependency array; when to re-memoize the function
+ * @returns 
+ */
+export function useCommand(fn, deps){
+  return useSetAtom(useMemo(()=>$(null, fn),deps));
+}
\ No newline at end of file