In today's world trading a lot of investors insert in their portfolios mutual funds, stock, bonds and currencies, but there are other investments available as well. Take the option security for instance, the one that gives the presentation of a whole new prospect to intelligent investors. And if we talk about option security, we'll discuss the software for option trading too. But first thing first.
Options are famous because of their versatility, their ability for adjustment and adaptation of your positions, regardless of the complications that may come in the process of trading. They can be uncollectible or conservative, just as you want to. In other words, you can protect the position from decay to outright betting on the apparent motion of an index or market. But all of these bonus features have their price, as options are very complicated securities and often enormously risky. Every time you trade the options, you will be warned with following disavowal:Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
So no matter what anybody tells you, guys, option trading always involves risk, specifically if you are an inexperienced trader. Learn first, make sure you're in control of it and only then begin your trading. And now some software for options trading: Option Software is a sophisticated tool in your hands that helps you to modify the calculations of the pricing and multi leg options positions. It makes the perfect plan for your strategy, historical check and back testing it for seven years back in time with Option wizard software, calculation of risk with analyzing Call and Put IV, stock IV and HV.
Call and put ratio plotted calculated on a graph. Real time straddles price and advantage calculation. Pricer options also estimate put and call parity real time. You only click the put to a sell or buy action and you will get the equation of the other side. Option Software will also mark the Strategos Greek risk graphs, including time, price, IV and rate interest.
IntrepidTrader is the system for trading Forex, Stocks, Commodities and Options and it has a variety of features: The availability of finding and displaying Elliot Waves counts with a mission to eliminate redundant wave counts and supply the new traders with service and assistance in counting waves. Then they have the Automatic and Manual Fibonacci Targets - based on the Elliot Wave count you will be able to project Fibonacci or you can select and make your own levels of price so the targets would become projectable. Another interesting feature is the Pattern Recognition - IntrepidTrader makes the search and presents your favorite patterns of charts. When it finds the channels, pennants, and head and shoulders it also finds flags and much more. Moreover, if you want to add your own pattern, you just draw it by yourself with Intrepid Pattern Designer. There's no need for deep knowledge of the program - you draw and the software searches it for you. There's also the Scanning option and End of Day Data but, honestly, you can find it yourself on their website and cut me some slack, will ya?
Option Edge is a stock option trading software for use with Microsoft Excel. It's absolutely free software and the latest version is OptionEdge 2.1 can be downloaded from the original OptionEdge website. This software utilizes the Black-Scholes option model of pricing to analyze and stimulate different stock option trading strategies. You must have Excel 2000 or higher installed on your comp, though.
Well, let's see what types of features it has: The Exploration of "what if" scenarios. Probability information and detailed graph which shows the break-even prices. You can save the positions you have created and also do some testing for your option trading strategies. Looks pretty neat, doesn't it? Free, easy to use, what else can you ask?
OptionVue is the option trading software that has the ultimativity in its genes. When a bunch of professional analysts gather for a good purpose, they can sometimes build extraordinary things and in this case they have been more than successful: Integration of real time quotes, charting, portfolio management and it's not just out of nowhere. This manufacturer has been producing option software for almost 30 years! Very supportive, helping you make better decisions, pro-level assisting and they never stop to develop fresh and advanced options analysis tools. Hundreds and thousands of traders had grown their capital thanks to this company and their products. 14 days free trial and did I mention about the backtesting trading ideas, real-time scanning, identification of profitable strategies and perfect search for unique opportunities? No? Well I just did 🙂
See you all soon and go make some money!