OptionsOracle

OptionsOracle is a lightweight software application designed to help traders analyze stock option trading strategies. It gives you updated stock market info, lets you build stock positions, and provides tools for graphs and analysis. Plus, it supports options exchanges from all around the world!

First Impressions

When you first open OptionsOracle, it might seem a bit crowded and overwhelming. This is because most of the settings are packed into one panel, which can be a lot to take in at once.

Finding Help

The downside? There isn’t much detail available about what this software can do right in the help manual. So, if you're looking for specific answers, you might have to hunt around online or just dive in and experiment with its features.

Tutorials and Features

The good news is that when you run OptionsOracle for the first time, it offers a quick start tutorial with hints. These tips help you get familiar with the main features and user interface.

Easily Access Stock Data

You can quickly enter a stock symbol or name, download data from online servers, and refresh your stock info with just one click to see the latest quotes.

Diving Deeper into Stocks

OptionsOracle downloads tons of info about stocks like type, expiration date, symbol, bid price, volume, and time value. You can either use a preconfigured template or set things up manually to build your test position.

Analyzing Your Position Gains or Losses

This tool shows how much money you could gain or lose based on current stock prices over time. You can check out custom strategies across different stocks while also trying various option combinations. Plus, if you want to save your work as a spreadsheet, exporting data to CSV format is super easy!

Volatility Analysis Made Simple

OptionsOracle's volatility analyzer helps you compare historical volatility of an option against its current implied value for similar time frames. The software even generates graphs so you can visualize how position values change over time.

A Powerful Calculator at Your Fingertips

The calculator analyzes important factors like price, volatility, delta, gamma, theta, and vega options. There’s also a portfolio manager that helps monitor positions either in separate portfolios or one main portfolio while allowing quick switches between saved strategies.

Testing Strategies Like a Pro!

You can test your strategy using various parameters like volatility changes or different underlying prices—and get performance calculations too! Need more visuals? The app will show pain graphs that display total option exercise values at expiration dates. It even generates volatility smile graphs showing different expiration dates!

Your Custom Touch with JavaScript

If you're feeling creative, OptionsOracle lets you enter custom formulas or algorithms using JavaScript to rank stock options.

A Handy Tool for Traders!

OptionsOracle. The GUI isn't super intuitive at first glance—so if you're new to this kind of software, be ready to spend some time getting everything just right!