V.17:13 Feb (588-89): Product Review: OddsCalc
Product Description
Product Review: OddsCalc by John Sweeney
For most traders, volatility is an invisible enemy. Unless they have an instinctive sense of probability, it’s difficult for them to perceive how changes in volatility affect pricing, much less when overpricing or underpricing occurs. That leaves those traders bereft of the tools needed to make good entries.
OddsCalc is designed to beat this problem. A spreadsheet that can run in Lotus 1-2-3 or Excel, it contains calculators for 32 futures markets plus the Oex. It calculates the odds of prices being above or below various targets, normally strike prices, on option expiration. It performs these calculations for individual options, neutral option positions, credit and debit spreads. Armed with this information, the trader can find the best option strategy for current market conditions.
For most traders, volatility is an invisible enemy. Unless they have an instinctive sense of probability, it’s difficult for them to perceive how changes in volatility affect pricing, much less when overpricing or underpricing occurs. That leaves those traders bereft of the tools needed to make good entries.
OddsCalc is designed to beat this problem. A spreadsheet that can run in Lotus 1-2-3 or Excel, it contains calculators for 32 futures markets plus the Oex. It calculates the odds of prices being above or below various targets, normally strike prices, on option expiration. It performs these calculations for individual options, neutral option positions, credit and debit spreads. Armed with this information, the trader can find the best option strategy for current market conditions.
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