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Visual Options Analyzer (VOptions) is a powerful analysis
tool for development, testing, and application of stock and options
strategies. Its easy-to-use interface allows you to test new strategies,
manage a growing portfolio, and explore "what-if" scenarios with
ease. VOptions versatility and power make it suitable for new, experienced,
or advanced traders alike.
Advanced Charting Capabilities
VOptions lets you make a thorough analysis of a trade
before you call your broker. The software provides powerful two
and three-dimensional charts for analyzing option strategies. The
3D Chart can simultaneously show the relationship between stock
price and expiration date versus profit/loss. You can rotate the
chart and zoom in on areas of interest. A "zone view" is also provided
that displays an overhead view of the chart.
The 2D Chart is designed for dynamic analysis, complete with
a "Slider" that lets you vary parameters such as stock price, volatility,
days until expiration, and interest rate as well as view the resulting
effect (see
animation) on prices and profit/loss for your portfolio. You
can see how your trade will perform over a range of projected prices.
Built-in Options Strategies
VOptions software has 32 of the most popular and effective
options strategies built-in. Just select a strategy and VOptions
will download options and stock data and generate profit/loss charts
for your inspection. You can then visually evaluate the potential
risks and return of a strategy. Whenever you change strategies or
vary parameters, such as risk-free interest rate or stock volatility,
the charts will be redrawn immediately. This allows you to conduct
easily a "what-if" analysis of any particular strategy. You can
use one of three option pricing models: Black-Scholes, Binominal
European and Binominal American.
Automatic Data Download
VOptions downloads free options data from the CBOE (Chicago
Board Options Exchange) for virtually all options listed on the
CBOE, AMEX (American Stock Exchange), PHLX (Philadelphia Stock Exchange),
PCX or PSE (Pacific Stock Exchange), and ISE (International Securities
Exchange).
Advanced Capabilities
VOptions enables you to build your own or to modify built-in
strategies in two ways: by changing theoretical terms (selecting
ITM, ATM, or OTM options by steps, near-term or long-term options,
etc.), or by selecting option parameters from lists of downloaded
option quotes (option chains).
VOptions also lets you export your portfolio data and
charts directly into Microsoft Excel. This allows you to easily
share your portfolio information with colleagues and partners.
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