Recommended Options Analysis tools?

It sounds like my needs might be rather simplistic compared to some of the other traders here. I like the free Options Simulator from OIC. The Strategy Explorer is also good for learning about different spread trades. It seems like this has all the basic strategies that some of the options education companies try to get you to pay so much for. There are web versions available or you can get a install CD.

http://888options.com/resources/investigator/default.jsp
 
Thank you for bringing up Optionstar.
Optionstar does provide realtime spread
risk graph analysis and many complicated
strategies such as calendars and butterlies.

Best of all, as you colorfully pointed out.. it is much
more affordable than OptionVue bringing
you free delayed datafeeds from 4 different sources
and one realtime streaming with an ib account.

http://www.optionstar.com


Quote from jpslaga:

optionstar www.optionstar.com.

Is a excel plugin. With end of day data feed.

It is the poorman's and I mean poorman's Optionvue.

But if you are not trading a huge portfolio that requires real-time analysis it works really well.
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Quote from esu2:

Thank you for bringing up Optionstar.
Optionstar does provide realtime spread
risk graph analysis and many complicated
strategies such as calendars and butterlies.

Best of all, as you colorfully pointed out.. it is much
more affordable than OptionVue bringing
you free delayed datafeeds from 4 different sources
and one realtime streaming with an ib account.

http://www.optionstar.com
More...

I tried Optionstar and didn't like it. I found this Excel module a few years ago at http://www.kaininito.com/theoptionclub/ and I like it a lot better not to mention it's only $37.90 . BTW, I have no affiliation with the developer.
 
Any modeling tool where one can not set fully independent volatility for each strike and month is, in my humble opinion, a learning toy at best. And I think OptionVue is the only (affordable) tool that can do that.
 
Thinkorswim now lets you model volatility at each strike for spread trades, nice addition and you cannot bea tthe price if you have an account with them... free :)
 
Quote from Gravestone Doji:

Well, since you "<i>strongly recommend Peter Hoadley's Options Strategy Analysis Tool (OSET)</i>", I think it would be helpful to explain how you use it so we can better understand why you feel so strongly.

Some examples would be helpful.
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Sorry I couldn't reply earlier, recently I have been very busy.

Go to the website, read the information about OSET, download the free version, try it, and then if you have a specific question I will be happy to answer it.

This is not a sales pitch, I have no relation to Peter Hoadley, I am just a happy user.
 
Quote from insaneinvestor:

OX (options Xpress) has some cool stuff too!

Don't waste your money on optionetics anything. It's all a crock of s*it.
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I agree...OX has neat stuff
 
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