Description
As many, if not all, of you know that forming a trade plan for options can be quite difficult. Because of that, I have created a calculator/converter that will take your equity trade plan and convert it into the option values to take all of the thinking out of options. It has been both back and live tested and I have found that it has converted the values with about a $0.10c-$0.15c margin of error if you were to NOT take the Greeks into account and about a $0.01c-$0.05c margin of error if you DO take the Greeks into account. I know there’s bound to be plenty of doubts as I’m not sure if there’s another calculator out there so I encourage both equity and option traders to at the very least look at it and consider using it or adding it to your tool belt. I also tried to make it “dummy-proof” but if there’s any questions, comments or concerns don’t hesitate to email me at: daytraderanswers@daytraderanswers.com
*NOTE: THE CALCULATOR WILL NOT WORK IF TRADING SPX OPTIONS WITH SPY CHART AND WILL ONLY WORK IF THE UNDERLYING STOCK IS THE SAME AS THE OPTION*
*NOTE: THE CALCULATOR IS A GOOGLE SHEET AND NOT AN APPLICATION, HOWEVER, THE POWER OF IT IS STILL THE SAME AS IF IT WAS AN APPLICATION. LINK TO THE CALCULATOR WILL BE IMMEDIATELY SENT TO YOU. THE LINK WILL TAKE YOU TO A COPY OF THE CALCULATOR WHERE YOU WILL NOT BE ABLE TO EDIT IT AND ONLY ABLE TO VIEW IT. TO BE ABLE TO USE AND EDIT THE CALCULATOR GO TO FILE, MAKE A COPY. MORE MOBILE GO TO SHARE, MAKE A COPY.*
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