OptionStation® is an advanced options analysis tool that offers developers the ability to design
indicators and track real-time price data on the underlying asset and all associated options, including any LEAP and wrap symbols. It offers some of the most advanced analytical tools and features available, many of which cannot be found anywhere else. Track real-time implied volatilities, theoretical values, risk-reward ratios, probabilities, and much more. Option position information is designed to help in making more educated options trading decisions, and anticipate changes to option positions under a variety of changing market conditions.
OptionStation® offers developers some of the most advanced analytical tools and features available.
OptionStation® is the first and only option analysis tool that will allow developers to customize analysis making full use EasyLanguage®. Write custom option Indicator Columns, create and modify Pricing Models and Volatility Models, and create alerts on any custom criteria, just to name a few of the possibilities.
Options Models consisting of Pricing Models, Volatility Models and Bid-Ask Models can also be constructed to calculate raw implied volatilities, theoretical options prices, Greek risk values and synthesized bid-ask prices. Included pricing models can be used "as is" or modified for the developer's preference to include Black, Black-Sholes or Binomial. The Volatility Models include averages option volatilities, create skew curves and use asset based statistical volatility. The built-in Bid-Ask Models can create realistic entry and exit trading prices for option position analysis.
OptionStation® functions use an extended Easylanguage® syntax specifically designed for option and option position analysis. These additional keywords make it easy to create a library of powerful functions that can be used within Options Models and indicators.
