This app is meant for analyzing and graphing complete options positions.
1) Choose an option by going to "Option Chain" (the third choice)
2) Enter a ticker symbol (e.g. AAPL) and press the "Option Chain" button
3) You can now see the entire option chain for the selected stock. Scroll up or down to find the option you are interested in.
4) An option has been chosen.
Alternatively, one can skip stages 2 & 3 and just enter the Option Details directly
Please remember to update:
Quantity (how many options are used. This should be a positive number for long option positions or a negative number for short option positions.
"Risk Free Rate" (on the bottom of the screen)
5) Once the user presses on "Get Volatility and Populate Calculator", the App will get all the option and underlying stock parameters, and calculate the implied volatility
6) One can now:
a) Calculate the options fair value and Greeks (Delta, Gamma, Theta, Vega and Rho)
b) Graph the option
c) Add it to the Portfolio
6a) Calculate the option's fair value & Greeks
6b) Graphing choice screen
6c) Portfolio screen
7) An example of a chart
Notes: the App uses the Black Scholes model which is only an approximation to "American style" options.
Dividend yields are used rather than discrete "lumpy" dividends
Contact us with any comments or requests
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 (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-CBOE advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions
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