Innovative Tools

Plot Chain Graph & Option Combinations

Plot Chain Graph

The graphs enable you to instantly perceive which options are over- or under-priced, how much of a premium is intrinsic and how much time-related, the relation between the premiums of puts and calls, and between options of various maturities. The tables show the annualized return from the decay of the time premium, from the sale of each option.

Option Combinations

Now that you have data tables with several option positions on the same stock* with the same expiration (generated by the Plot Chain Graph), you can use Option Combinations tool to generate a graph of the profit at expiration for various closing stock prices. A stock position can be included, and the tool can also account for commission costs. The tool will allow you to visualize and experiment with option combinations** such as hedges, and see the range of possible profits and losses.

Click here to access Plot Chain Graph & Option Combinations tool

Manage Hedges

This program facilitates management of complex hedges. It shows all the information about the individual options and the overall position. It shows how far the stock is from the stop loss points, and the current liquidation value of the position.

It also plots the graph of profit at expiration versus price at expiration. It superimposes a green line showing today's position and the upper and lower stop loss points in red.

Click here to access Manage Hedges tool

Fight Dividend Skimmers

Dividends are paid every 3 months to whoever owns the stock on one particular date, the "Ex-Dividend Date". On occasion the call will be executed just before the ex-div date, so the call-writer will lose the dividend for that entire quarter. So, for those options which will be open on an ex-div date, the option writer has to be sure that the strike price is far enough out-of-the-money that a skimmer couldn't make money by calling the stock.

This program identifies the option expiration months for which one should select a strike price such that he would make a profit greater than the dividend if the stock is called.

Click here to access Fight Dividend Skimmers tool

These services are provided as is, with no warranty of any kind as to usability or accuracy. The user assumes full responsibility for any losses incurred by use of these services.