Join Craig Hilsenrath for "What's New in Option Workbench 2.0" to learn about the exciting new tools in the latest release of Option Workbench. The highlight of version 2.0 is the new back-testing system. This allows traders to test their positions on actual data prior to making a trade. Craig will demonstrate how to set up hypothetical positions in the past and generate a back-test report.
A new chart has been added to the Volatility Study that shows how price and composite IV interact over time. This chart has already been used to construct winning trades and also to discourage some trades that could have been losers. You have never seen a chart like this before.
Craig will also review the new filter formula management features including context sensitive help screens that make creating formulas even easier and naming formulas. In version 2.0 filter formulas are stored in the Option Workbench cloud so they follow you to each computer that you use.
Option Workbench is an advanced software tool used to analyze the daily reports available on the Strategy Zone. It integrates the data from the Volatility Extremes, Volatility Skews, Volatility History, Unusual Volume and Greeks reports into a spreadsheet like table. The table can be filtered and sorted in order to zero in on potential trading opportunities. The Calendar Spreads, Covered Call Writes, Naked Puts and Straddle Buys files are also available for filtering and sorting. Once you've identified a potential trade you can use the trade and risk analysis tools available in Option Workbench to examine the various strategies that might be employed to take advantage of the opportunities you previously identified.
*Trading or investing whether on margin or otherwise carries a high level of risk, and may not be suitable for all persons. Leverage can work against you as well as for you. Before deciding to trade or invest you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. The possibility exists that you could sustain a loss of some or all of your initial investment or even more than your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing, and seek advice from an independent financial adviser if you have any doubts. Past performance is not necessarily indicative of future results.
For full disclosures visit optionstrategist.com/policies.
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