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Free Financial Analysis Tools
The free option trading tools on this page were designed by OptionVue Systems. They are based on the same underlying
models and programming that are used in the award-winning OptionVue 5 options analysis and trading software.
| Fair Market Value Calculator |
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This option calculator will help you determine whether a particular option is over-valued, under-valued,
or trading at its fair value. The fair value of the option is mathematically calculated using an adjusted
Black-Scholes option pricing model. The following fields are required before a value can be calculated:
Type of Underlying - Stock, Index, or Future.
Type of Option - American-Style or European-Style.
Expiration Date - Enter a number in Days to Expiration and this is calculated.
Option Strike Price - Predetermined price at which the option can be exercised.
Underlying Price - The current price of the underlying stock, index, or future.
Volatility - The expected future Volatility.
There are also two optional fields available for input:
Dividend Yield - Annualized percentage yield (for stocks and indexes only).
Risk-Free Interest Rate - The current quoted interest rate on a US Treasury bill, note or
bond that most closely corresponds to the length of the period being analyzed, usually Treasury bonds. This field defaults to 6%.
Once you click the "Go" button, the Put and Call Fair Market values are calculated.
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| Probability Calculator |
This option calculator will help you determine the mathematical odds of certain prices being achieved during a given period of time.
This allows you to check how realistic your expectations are with respect to given price moves, which can enhance your ability to
calculate the probability of success for a given trade. The following fields are required in order to calculate the probabilities.
Type of Asset - Stock, Index, or Future.
Current Price - Input a Current Price of the underlying.
Volatility - The expected future volatility.
Future Date - Which is calculated automatically if you input a number in the Days Ahead field.
There are also two optional fields available for input:
Dividend Yield - Annualized percentage yield (for stocks and indexes only).
Risk-Free Interest Rate - The current quoted interest rate on a US Treasury bill, note or
bond that most closely corresponds to the length of the period being analyzed, usually Treasury bonds. This field defaults to 6%.
Click on the "Go" button and the program will instantly calculate the first, second, and third deviation price movement, both to
the downside and the upside.
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Input a price in the First Target field and the program tells you the probability of the price of the
underlying asset being above or below that price on your target date. Input another price in the Second Target Field and the program
tells you the probability of being below the lowest price target, above the highest price target, as well as the chance of finishing
between the two prices by your target date.
Of special interest to option traders, the probability calculator also tells you the probability of the underlying price ever touching
one of your target price(s).
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| OpScan |
OpScan is your personal trade search engine for scanning the options universe.
OpScan works by "formulas" which query our database to find trading opportunities.
You can quickly scan the markets using specific search parameters that can uncover hidden
market opportunities and specific trade ideas.
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Choose a built-in OpScan formula from the drop-down menu and click "Go". OpScan automatically
runs your selected scan and displays the results.
Asset Name - Name of underlying asset (stock, future or index).
Option Description - Underlying symbol, month, and type (put or call).
Option Symbol - Symbol of that option.
Sort Value - Rank according to sorting parameters of formula.
Bid - Bid price of option to buy.
Underlying Last - The Last price that the underlying traded at (based on the 15 minute delay).
Asked - Asked price of option to sell.
MIV - Mid price Implied Volatility of option.
IV - Implied Volatility of the underlying.
Days to Expiry - Number of days before option expires.
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