by Hans Hannula, Ph.D.
T he Option Evaluator is attractive— it is nicely packaged with a bound manual, and has the flashiest
and most colorful screens of any market software package I have seen. But its beauty is only skin deep.
Underneath, is a solid options package that's simple and easy to use, but without out some of the fancy
options like spread analysis and graphics.
Written by Raymond J. Kaider, a commodity trading advisor who obviously knows how to trade options,
Options Evaluator apparently gives you what Kaider feels is essential for success. The program allows
you to evaluate a futures or index put or call option, evaluate a stock put or call option, calculate implied
or historic volatility, compute a brief or lengthy delta sheet, update a set of options you are tracking, look
up last trade dates or any date on a calendar or run a DOS command.