What are some options software available that will give me the greeks? My options knowledge base is very small, but I want to look at the feasability of hedging some positions with options and need to look at the different parameters of the contract. I have Tradestation, but I don't want to pay the $60 per month they charge. Any suggestions would be appreciated.
You can download a free analyzer that will give you all greeks and risk graph for any spread up to 6 legs here: http://www.optionstar.com/intro/ezdl.html
%%%%%%%%%%%%%%%%%%%%%%%%%%%% Pretty accurate & free; especially at the end of the day but dont take thier helpful nickname ''near the money'' too exact OR literal. 1888options.com Wisdom is the principle thing. Solomon, trader king.
I copied and pasted the following announcement from TradeStation's web site: Monthly Fee for OptionStation Eliminated (effective after 4/30/04) For all brokerage clients (equities and options, futures and/or forex accounts), OptionStation, Next Generation Fully-Programmable Options Analysis, will be included at no charge as part of the TradeStation 8 platform (a savings of $59.95 per month for OptionStation users). I would assume the Greeks are part of OptionStation -- if so, I guess you are in luck since you already have TradeStation.
i'm going to build my own in Matlab. between... http://finance.bi.no/~bernt/gcc_prog/recipes/recipes/ and... http://home.online.no/~espehaug/SayBlackScholes.html it shouldn't be too hard. what's missing from the prebuilt packages i've seen so far is an easy ability to simulate a sequence of options positions.
Yup. No charge from here on out....2 things that I don't like about TS: 1. No historical implied volatility graphs 2. No ability to run an options search on a large set of underlyings (unless you type them all in... )