Are there any free/cheap Options Analysis tools out there? I am looking for something on the lines of Optionetics Platinum where you can try out various spread combinations to get the best risk/rewards except I don't want to pay $100/month OptionsVue seems quite expensive. I use IB to trade options and just pull up the various legs of the trade to figure out the combinations. thanks **
OX (options Xpress) has some cool stuff too! Don't waste your money on optionetics anything. It's all a crock of s*it.
OptionsXpress has improved and added some nice tools but Thinkorswim has the analyzer where you see your position live with Greeks and combine it with other positions or compare it. I think this is where OX has been lacking lately.
I am evaluating OptionStar. Costs 300 bucks, no data fees. Seems to be doing a lot of good work including finding best spread combos, i am just not too comfortable with the presentation in Excel..too much info crammed into a page. Heard a very nice sales pitch from a OptionVue rep, but the initial cost is 2K
Save yourself thousands of dollars and get "options as a strategic investment" - book $35. Basically all they do is read you the book. OR get an older version of it on Ebay. But I would just stay away from them.