⚡ Sign up for the options analysis platform:
💬 Join the projectoption discord community and get my 160 page options trading for beginners guide:
💥 Open and fund a tastytrade account with $2K+ and get 3 months of access to the options analysis platform ($147 value):
Options analysis software is extremely valuable for options traders because it helps you quickly visualize the risk and reward of any options strategy before you risk real money.
Most options tutorials show you how strategies perform at expiration, but that’s only the final state, and if you don’t hold until expiration, how do you know what your true exposure is?
In this video, I’ll walk you through the key features of the options analysis platform on projectoption.com. I’ll show you how to model your first trades, commit trades for logging and P/L tracking, make adjustments to your positions, and utilize the more advanced and powerful features.
The most powerful features on the platform include Adjustment Modeling, which allows you to compare “before and after” P/L curves of two positions, before and after you make an adjustment. This lets you see how a trade adjustment actually changes your risk profile.
Then we’ll look at the roll analyzers, which calculate the exact strike prices and expirations you can roll covered calls and short puts to for a credit. Normally you have to do this manually, but this tool makes all of the comparisons for you and makes it very easy to identify the best rolling adjustments for your position.
Lastly, we’ll look at the Covered Call and Cash-Secured Put analyzers, which scans the options chains in selected expirations and tells you the key metrics of every single strike price for your covered calls and short puts. This allows you to identify attractive options to sell based on the filters you set.
==== Video Chapters ====
00:00 Why use options analysis software?
01:10 Discord community
01:19 Modeling your first trade (covered call example)
03:47 Understanding the P/L chart tooltip (T+ lines and Greeks)
05:06 How to save a position
05:23 Committing positions for trade logging and P/L tracking
06:40 Accessing the Trade Log and making trade adjustments
07:57 How to plot the option Greeks of your position
08:51 How to model your position at any future date (Time Modeling)
09:36 How to model changes in implied volatility (IV Modeling)
10:32 How to visualize the impact of any trade adjustment (Adjustment Modeling)
14:30 How to use the Roll Analyzers
18:46 Cash-Secured Put Analyzer
22:26 Covered Call Analyzer
23:50 Final comments
=== Recommended Videos ===
➥ Options Trading for Beginners:
➥ Selling Put Options for Monthly Income:
Disclaimer: Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction, or investment. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not necessarily indicative of future results. I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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