StrategyExplorer
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StrategyExplorer is a planning tool for connstucting profitable option strategies.
Thirteen option spreads and eight stock hedges (incl. two arbitrage strategies) are predefined, so you only
need to modify quantities and prices to see meaningful results. StrategyExplorer supports any combination
of long and short positions consisting of as many as four options and their underlying stock, so dozens of
additional strategies can be planned and reviewed visually, including ratio spreads.
StrategyExplorer can be used as a sort of poor man's HedgeExplorer (one of the tools in NillaHedge) with the following caveats... StrategyExplorer assumes that all options expire on the same date where HedgeExplorer accommodates calendar spreads (combinations of options that do not expire on the same date). HedgeExplorer plots are based on Black-Scholes value where StrategyExplorer plots are based on intrinsic value. Intrinsic value deliberately ignores value attributed to the underlying stock's volatility and the present value of the strike and underlying stock dividends. StrategyExplorer restores its state from the last time you ran it, so you'll never lose your place. Version 2.0 (currently only available for WM5 and WM6) adds the following capabilities:
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