OptionsOracle is a free, open-source software tool used for stock options strategy analysis. It allows traders to build, test, and view different investment options strategies. It pulls real-time market data to show how a trade might perform.
The tool was created by SamoaSky (with developers Shlomo Shachar and Oren Moshe). It was built for the Windows operating system. Key Features of the Tool
Strategy Analysis: You can choose built-in strategy templates or create your own custom setup.
Visual Graphs: The tool makes profit and loss graphs. This helps you see how much money you could win or lose. Some versions even animate the graph to show how your trade changes over time.
Advanced Analytics: It comes with custom risk tools. These include a volatility analyzer, a Greeks calculator, and a put-call ratio tool.
Portfolio Manager: You can easily save and organize your different strategies to switch between them quickly. How Traders Use It
Enter a Ticker: You type in a stock symbol. The software downloads the latest stock and options data automatically.
Build a Position: You use a wizard template or manual settings to buy or sell options contracts.
Test the Outcome: You look at the charts to see how future stock prices will affect your portfolio. Important Considerations Webinar : Learn How to Use Options Oracle