Options Strategy Evaluation Tool by Peter Hoadley: Demos & Tutorials

Options Strategy Evaluation Tool Demos & Tutorials

The following demos and tutorials for the Options Strategy Evaluation Tool can be run on-line. After you select a demo below there may be a delay of about 20 seconds while it loads. There is no audio in these tutorials, so don't adjust your sound controls.

Demo/Tutorial	Description	Minutes
The Basics
Guided tour - overview	Overview of key features	8.5
Guided tour - the sample strategies	A run through the sample strategies included with the tool, plus a few more features.	6
Useful tips & pointers	Points out a range of miscellaneous features which will help you use the tool more effectively.	7.5
"What if" scenario analysis	Using the strategy comparison feature to do "what if" analysis of scenarios.	9
The "Greeks"	Analysing and graphing the hedge parameters ("Greeks") for net strategy positions and individual strategy trades.	6.5
Sensitivity analysis	Using the slider bar control panel to perform sensitivity analyses.	4
Dividends	Ignore dividends at your peril: Analysing the critical impact of dividends on strategy profitability.	12.5
Implied volatility	Calculating and using implied volatility.	3
Using Option Chains
Strategy selection and evaluation from option chains	Using the automatic "suggest" feature for trade selection; viewing the P&L for each individual option, spread or combo for each set of strikes for a given expiry date, or for each expiry date for a given set of strikes.	6
Individual trade selection and quotes from option chains.	Selecting trades individually from an option chain and updating all underlying and options prices for a strategy.	5
Some Advanced Features
Position hedging - the basics	Automatically hedging positions with respect to various individual greeks and combinations of greeks (eg delta & gamma neutral).	6.5
Dynamic hedging	How adjustment can be easily made to strategies already under way. Dynamic heding is used as an example.	6.5
Backtesting	Backtesting strategies by stepping through past dates using actual market data.	7.0
Early exercise	Using the tool to identify optimal early exercise points for puts and calls.	4.5

Also see the Excel tools demos and tutorials covering the Finance Add-in for Excel, Open Positions Manager, Implied Volatility Calculator, Historic Volatility Calculator, and Portfolio Optimizer.

If you are not familiar with the Options Strategy Evaluation Tool you should take the first guided tour, and ideally the second as well, before looking at any of the other tutorials. The remaining tutorials can be viewed in any order.