OptionGreeks vs OptionPosition+ Usage & Stats

OptionGreeks is an educational tool to help users understand option pricing. Options are derivative instruments, which can be traded on stock markets / exchanges around the world. They are derivatives in that their values and contracts are derived from the "price" of some other financial instrument (including individual shares, bonds, commodities, exchange rates, interest rates etc., or indices of these). Options come in many variants, but this app focuses on European options (only exercisable at expiry). It covers Calls and Puts, from the buyer's (long) and seller's (short) perspectives. The Strategies tab includes many different option strategies (a combination of one or more options, as well as the underlying asset), so that you can see the payoff profile, price and the greeks for these strategies / combinations. The Options tab will calculate the theoretical price of options, given the user's choice of the relevant parameters (using sliders) which include the spot price of the underlying instrument, the strike price of the option, the risk-free interest rate (discount rate), the volatility of the underlying spot price (implied volatility), the yield of the underlying instrument, and the term to maturity (or expiry) of the option (in days). It will also calculate the values of the "Greeks", which includes delta, gamma, theta, rho, vega, and epsilon. It displays all of these in charts against each of the underlying parameters (as selected by the user). The Calculator tab will calculate all of the above using a more traditional calculator, allowing you to enter actual amounts precisely (instead of using sliders). It also provides a graphical representation dynamically changing as the parameters change.

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OptionPosition+

OptionPosition+ Version 4.1 OptionPosition+ is a financial analysis App that estimates the value of a set of shares and put and call options for a particular stock. It allows the investor to explore various option hedging positions and create a portfolio that is sensitive to price and volatility fluctuations or that provides protection for various concerns. OptionPosition+ graphically illustrates the value of put protection, covered calls, call spreads, time spreads, delta neutral skew trades, iron condors, etc.. Further information is available at https://www.optionposition.com OptionPosition+ comes with an initial one month subscription period that provides access to data on most stocks listed on the NYSE and NASDAQ and certain indexes (i.e. NDX, NQX, XND). After this one month subscription period you may purchase an auto-renewing subscription through an In-App Purchase. (If you do not maintain a subscription you can only access stock and option data for AAPL.) • Auto-renewable subscription • 1 month ($2.99), 2 month ($4.99) and 3 month ($5.99) durations • Your subscription will be charged to your iTunes account at confirmation of purchase and will automatically renew (at the duration selected) unless auto-renew is turned off at least 24 hours before the end of the current period. • Current subscription may not be cancelled during the active subscription period; however, you can manage your subscription and/or turn off auto-renewal by visiting your iTunes Account Settings after purchase. • Privacy policy and terms of use: https://sites.google.com/site/kramerkramersoftware/ OptionPosition+ Features: • delayed stock and option prices for all available strike dates and strike prices (delay varies from 0 to 20 minutes) • remembers 30 different portfolios each with 6 assets: ..........puts, calls, shares or child portfolios ......................child portfolios can have different underlying stock ......................child portfolios have correlated price ..........long, short any quantity ..........all listed strike dates ..........all listed strike prices ..........e-mail to anyone • Black-Scholes equation used to determine implied volatility and future value of put and call options • graphically displays Gain/Loss, Delta, Vega, Theta or Gamma as a function of stock price: ..........now (see black lines below) ..........at any future date up to the earliest strike date (see red lines below) ..........at assumed higher or lower volatilities (see green lines below) ..........with a changing price correlation to child portfolios included as an item/hedge • graphically displays the probability of future stock prices and the probability of future option portfolio Gains/Losses based on current put/call straddle prices • graphically displays the Volatility Smile for any expiration date • scales on the graph are continuously adjustable with one and two finger moves – easily zoom in or out • tap on the graph to show the X,Y value at a point and the value of the curves at that X value • diagnostics table shows all Greeks and lets you easily create a Delta neutral portfolio • 3 month US dollar LIBOR used for risk free interest rate • incorporates predicted dividend payments into the Black-Scholes calculations without making a ‘fixed dividend rate’ error in Delta Screen shots: For an explanation of these option positions, and more, see our website www.OptionPosition.com. Screen shots shown below (for both iPhone and iPad): 1) Gain/Loss for a Put Protection in AAPL 2) Gain/Loss graph for an Iron Condor in AAPL 3) Assets (iPad includes Diagnostics) for the Iron Condor in AAPL 4) Delta graph for the Iron Condor in AAPL 5) Probability of the value of the Gain/Loss for the Iron Condor in AAPL 6) Volatility Smile using data source A