Toolkit for "put" option users that helps predict strategies and optimize ideas. Features include sorting contracts, pinning contracts for visibility, historical return analysis, customizable filters, optimal portfolio construction, and a screener.
Features
Predict Your Strategy
Enables users to see how various strategies would have performed historically. This predictive feature helps in understanding the potential success of a strategy.
Optimize An Idea
Allows the user to optimize their investment idea by suggesting the best options available. It offers insights into the potential risk and reward for different options strategies.
Sort Contracts by Yield
Users can sort options contracts by yield per day or yield by contract. This feature helps in identifying the most profitable contracts at a glance.
Pin Contracts
Users can pin specific contracts for quick visibility and organization, making it easier to track and compare contracts of interest.
Profit Probability
Provides insights into the profit probability of different options strategies, helping users to make informed decisions before trading.
Historical Return (PNL)
Displays historical returns using PNL (Profit and Loss) calculations, aiding in understanding the past performance of different strategies.
Customizable Filters
Allows users to apply filters based on their needs, customize the selection and comparison of options contracts based on different criteria like stock, sector, etc.
Construct Optimal Portfolio
Helps users in creating an optimal portfolio by finding the best mix of contracts based on selected criteria such as yield and risk.
Screener
A screening tool that provides an overview of available contracts, allowing users to quickly identify opportunities.
Set Your Filters
Choose from a variety of commonly used and proprietary filters to tailor your trading strategy.
Apply Filters
Run the Profit Calculator by clicking 'Apply Filters' to back-test your strategies.
Analyze Results
View your strategy's success rate, including the percentage of options expiring above or below the strike price, and see detailed dollar and PNL calculations.
Versatile Application
The Optimal Allocation Wiz can be applied to any data published on the dashboard, either before or after applying other filters.
Dynamic Updates
If dashboard values change, simply reapply the filters to get updated Optimal Allocation Wiz values.