Option Action Tool
Option Greeks
In options trading, we use certain Greek alphabets when describing risks associated with various positions. They are delta, gamma, theta and Vega generally known as ‘Greeks’
Interactive Pay-Off Graph
Customers can specify strategies to obtain the pay-off which is indicated by a blue line. For each strategy you need to specify the strike price and premium. The pay-off graph will change dynamically based on option price change
Option Analytics
Analytics that enables users to quickly price changes in an option's price with respect to unit changes in Greek values via an intuitive point-and-click interface using put-call ratio, Option pain, Volatility smile and other proprietary tools to enrich your trading experience
Option Algos
Now using the tool you may pass the order to the trading system once you validate the pay-off using the ultra-powerful tool called Option Algos which is arriving soon
Open OptionAction. It opens the registration page. Give your registration details and register. This will send you the activation key details to the registered email id.
Copy the activation key you received in your registered mail and paste it in the activation code box as shown below and press Activate
After successful license activation. It ask for user credentials. Enter the login credentials which you created during registration and press Login button.
Features
1)Neat and Cool Option Chain tool with Option Greeks, Implied Volatility, PCR Ratio (OI & Volume), Type and Search Symbols. It also computes total PCR ratio for the entire option expiry contracts or individual expiry contracts. By default it computes Total Put-Call Ratio for the entire expiry contracts.
2)Market Strategy is where one can build their option strategy either manually or with custom prebuilt templates (click on strategy button to get pre built templates). Once the strategy is built you can immediately analyze using strategy summary and payoff graph analyzer
3)OptionAction provides provision to compute and plot Option Pain. Option Pain, also known as Max Option Pain or Max Pain, is based on the theory that since most options buyers lose in options trading, the price of the underlying stock must be manipulated somehow to close during options expiration at a price that results in the most options contracts expiring out of the money
4)OptionAction comes with features like volatility cone, Volatility smile to understand which option strikes are cheaper/expensive when compared to the historical volatility
5)It also summarize the overall strategy with All in One Dashboard which gives you the bird eye view to the market condition and strategy overview.
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