This app is 100% free forever.
Telegram: https://t.me/optionstrategybuilder
How this app is useful to professional option traders?
Virtual or paper trading of nifty, bank nifty and fin-nifty options. This app is very smart and generates option strategies based on your view about Nifty and Bank Nifty with live data. Only strategies with good risk reward ratio and high chance of success based on your view will be displayed.
If a strategy is risky, the risk involved in it is also displayed. We recommend users to consider risky strategies only if they are confident with their view.
Each strategy can be analyzed clearly using the payoff graph.
How this app helps new traders?
New traders can learn the practical use of various option hedging strategies like bull call spread, bear call spread, bull put spread, bear put spread, long strangle, short strangle, long straddle, short straddle, bull call ladder and bear put ladder, etc.
Virtual trading of Nifty and Bank Nifty options is available . They can trade virtually without using real money and gain live trading experience. This will also allow them to test their trading strategy in live market.
You can ask your doubts about options, strategies, etc.. in the telegram group link mentioned at the top
Option Strategy Builder / Option Profit Calculator
Option Strategy Builder is another tool in this app for professional option traders to analyze and build their own option hedging strategies. Strategy builder is also called as option profit calculator. You can check the profit of your open positions at different values of the index during expiry.
Why you should analyze before executing option strategies?
As a trader, it is normal for us to buy and sell multiple options of an index and feel that we are not getting expected profit from it. The best example is long strangle and long straddle option strategies. This is because we enter this strategy without knowing the breakeven point. If we know the breakeven point of this option strategy, then we can easily decide whether the strategy will end up in profit or not.
Similarly if we find out that maximum possible loss is way higher than the maximum profit, we can easily discard that strategy and look for another profitable option strategy.
Input each position of your strategy in strategy builder. The app will show you the breakeven points, max loss and max profit values. Using this you can decide whether the strategy is attractive or useless. The payoff graph in this app shows profit/loss at different expiry values.
How to analyze option strategies with Strategy Builder?
If you enter your option strategy in this app, you can see the app displaying maximum loss, maximum profit and breakeven values. A good option strategy will have following qualities
1. Maximum profit should be at least twice greater than maximum loss
2. For net long strategies, breakeven value close to current price of the underlying stock or index has higher chance of success
3. For net short strategies, breakeven far away from the current price of the underlying stock or index has higher chance of success
Features of Option Strategy Builder:
1. Paper trade nifty, bank nifty or fin-nifty options
2. Learn why option strategies are required
3. Build your own option strategies and analyze them
4. Analyze the risk and profit involved in your option strategy before entering the trade
5. With break even values for call and put options, you can decide whether the option strategy is worth executing or not
6. View estimated profit and loss of your strategy in the pay-off graph
7. Minimum or maximum strike price range in the pay-off graph can be extended
8. App size is less than 5mb
9. Strategy Builder or Profit calculator works offline without internet.