The options tool of choice among traders and investors around
the world.
Français | Deutsche | Italiano | Português | Español
The full story follows on one web page for your download-print convenience:
Option Wizard Online is the trading edge you need:
|
||||||||||||||||||||||||||||||
Your 20 ticker list is linked to
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Implied Volatility
|
||||||||||||||||||||||||||||||
Historical Volatilities: 20, 50, 100 and 200 day reference --
user definable
|
||||||||||||||||||||||||||||||
possible over or under priced options IV / HV (weekly basis) Option Wizard exclusive! |
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Percent to Double
|
||||||||||||||||||||||||||||||
Probability of Success
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
premium decay by table and chart Option Wizard exclusive! |
||||||||||||||||||||||||||||||
Position profit by table and chart
|
||||||||||||||||||||||||||||||
Strike, spread tables, next 36 expiration dates (stocks)
|
||||||||||||||||||||||||||||||
Your stock or spread position for any combination of calls and puts |
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Option Wizard exclusive! |
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
the most power for the least cost. The most intuitive, easiest to use, easiest to trade. |
Not just among the lowest-priced, but absolutely the easiest and quickest to demo, purchase and use -- and ultimately your best value among options products. Option Wizard is the one written by a trader for traders. Please read on, and see why some users of OptionStation and OptionVue IV prefer Option Wizard, and one user calls it "poetry for Excel".
Designed to help you earn more money, Option Wizard is a Microsoft Excel Black-Scholes (or Black for futures) options workbook for PC or Macintosh. It calculates your volatilities, in-the-money probabilities, percent-to-double, delta and premium decay, plus fundamentals and key price data.
"Though many trade opportunities are on the long side of the market, premium time decay reminds the options trader that, in many cases, options can be sold, profitably as well," says Option Wizard developer John A. Sarkett.
Do the statistics support this two-sided view of the market? Yes. Economists at the Options Clearing Corporation estimate that 30% - 33% of stock and index options expire worthless, and perhaps as much as another 20% - 33% are offset at a loss."
The remainder? OCC staff says some 12%-15% are exercised, and 55% are offset by closing sale (this includes the 20% to 33% offset at a loss). These figures can vary widely month to month and security to security, they say.
Decay at a glance....in tables, and . . .
. . . in call and put decay charts.
Option Wizard calculates historical and implied volatilities for any single stock and references HVs for all stocks and indices. Compare implied with historical to determine if the option is over, under or fairly priced
Compare (customizable) HV moving averages to find trade opportunities
(20-50-100 day volatilities shown here). Linked to Backtest Wizard -- historicals download with one click.Option Wizard also prices puts, the sale of which can be a cost effective way of acquiring stock. "Percent to double" comparisons are easy to spot and highlight with a touch of your mouse, as well (e.g., red boldface in the table), and are calculated by the click of a button:
To trade, to make money, Option Wizard® helps you in the following ways then:
1. Premium decay table and charts. Since 2 of 3 options expire worthless or at a loss, Option Wizard reinforces the perspective to be a patient seller or nimble buyer.
2. Implied vs. historical volatility. Is your option cheap or expensive compared to its history? Option Wizard tells you.
3. In the money probability .... helps you put the odds in your favor. You do not have to act when odds are 50-50; Option Wizard will show you times when your opportunity for success is 3 of 4.
4. Spread and position tables suggest how you may control risk, limit losses vs. the unlimited loss in naked options.
5. Delta -- the higher the delta, the more your option mirrors the move in your underlying.
6. Percent to double. Option Wizard measures how much your underlying must move to make your option move. Another bang for the buck measure like delta.
Option Wizard Online and Option Wizard (Offline) 7.3 includes:
- Tables and charts your profit-loss-breakeven for simplest to most complex options position
- Calculates your percent-to-double
- Calculates the probability your put or call will expire in the money:
- Other features:
- Links to strike series tables
- Call delta and put delta (delta: move in option for $1 move in stock)
- Streamlined workbook format -- easier to read and print out.
- Greeks:
- Covered write calculator
- Trade portfolio
- Simplified calculation for continuous (%) dividend rates
PLEASE VISIT OUR SECURE, ONLINE STORE
As a web-based product, Option Wizard is priced significantly lower than competitive products, yet offers
- one button click functionality for important calculations
- implied vs. historical volatility
- in-the-money probabilities
- percent-to-double
- better display via decay table and charts
- the awesome power of Microsoft Excel to link, build on, customize.
Option Wizard is the smart choice; please download the file, check the others as well, and decide for yourself.
Q and A:Q. Not ready to buy now, but I am interested. How do I stay in touch?
A. Please communicate with us:
Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document are available from your broker or the Chicago Board Options Exchange, 400 S. LaSalle Street, Chicago, IL 60605.
The OCC Prospectus contains information on options issued by The Options Clearing Corporation. Copies of this document are available from The Options Clearing Corporation, 440 S. LaSalle Street, 24th Floor, Chicago, IL 60605 or the Chicago Board Options Exchange, 400 S. LaSalle Street, Chicago, IL 60605.
CHICAGO -- Option Wizard is a registered trademark of Sarkett
& Associates, Inc. -- 111[an error occurred while processing this directive]