
Cost of Finance Addin for Excel

Options Strategy Evaluation Tool

Premium Feature 
Description 
Advanced time and volatility modelling 
Simultaneously display "profit if closed" on payoff diagram for five dates prior to expiry. Dynamically model impact of future volatility changes on profit by clicking spin buttons. Payoff diagram adjusted with each spin button click. 
Breakeven analysis 
Show all breakeven points for six discrete times slices prior to, and including, expiry, and the probabilities of falling within each of the breakeven ranges. The total probability of profit and total probability of loss are also shown for each time slice. Dynamically model the impact of changes in volatility after the deal has been entered into, on breakeven points and the probabilities of breaking even, by clicking a spin button. 
Online option chains
Quotes from option chains 
Retrieve complete option chains from various free online sources, and from a number of realtime data feed providers and select trades from from available options by a simple point and click. Automatically suggest an initial set of options for any given template strategy (eg a strangle or bull spread) with one button click. Using a suggested strategy as the starting point, step through an entire option chain evaluating a given strategy for all strikes for a given expiry date, all expiry dates for a set of strikes, or both. Update the underlying asset price and all trades in a strategy with with the latest prices at any time with one mouse click. 
Underlying asset quotes 
Retrieve underlying asset prices from Yahoo Finance or from any other source which can deliver quotes to Excel spreadsheets. All the streaming quote providers supported by the Finance Addin for Excel can be used in OSET for realtime underlying asset quotes. 
Percent to target analysis 
Show for each option trade in a strategy the change in underlying asset price required to produce a userspecified change (positive or negative) in option price. Percenttodouble is one example of this analysis. 
Strategy dissection 
Show the individual trades of a complex strategy separately, but together on a single payoff diagram to enable each trade's contribution to the overall strategy to be more easily understood. 
Automatic position hedging 
Automatically adjust strategies to achieve target neutrality outcomes with two mouse clicks. A strategy can be made delta neutral, delta and gamma neutral, vega neutral, delta and vega neutral, or delta, gamma, and vega neutral. 
Backtesting 
Backtest by stepping through strategies from deal date to expiry using actual market data. Data can be a price history of the underlying only or, if available, the underlying plus option histories. 
3D Payoff diagrams 
View Payoff diagrams in three dimensions showing profit or position Greeks simultaneously by underlying price and time to expiry. Payoff diagram can be dynamically rotated using spin buttons for better viewing of complex payoff surfaces. 
Greeks by trade 
Show Individual and position Greeks next to each trade for current underlying price (only individual delta available in basic version). Position Greeks shown for entire strategy (no position totals in basic version). 
Additional trades/legs 
Use up to ten option trades per strategy (vs five without premium features enabled). 
Sentiment indicators 
Calculate open interest and current volume put/call ratios for specified months using online option chains. Produce open interest configuration charts showing open interest for puts and calls by strike. 
Open Positions Manager (OPM) integration 
Import open positions from the Open Positions Manager (OPM) into OSET with one button click to model the impact of various alternatives on strategies entered into some time in the past. 
Dynamic graph scaling and centering 
Scale and center the payoff diagram by clicking spin buttons. 
Integrated historical volatility calculator 
Retrieve historical data and calculate historical volatility using the sohpisticated GARCH and EWMA models. 
Probability analysis 
Show the probability of hitting underlying asset targets. Probability curves are superimposed on the payoff diagram for each strategy to enable the probability of hitting key targets, such as breakeven and maximum profit/loss, to be viewed in the context of strategy payoffs. Both "end of period" and "any time prior to expiry" probabilities are shown. Probabilities are shown both graphically and in table form. 
Probability cones 
Show graphically the probability of falling between various asset price bands at various maturities. Produced for both "at end (expiry)" and "any time (touching)" probabilities. Changes in key variables (volatility, dividend yields etc.) can be dynamically modelled. 
Enhanced financial analysis 
Calculate expected returns for a strategy (return for period and annualized ROI) for any userselected underlying asset price. 
Retain all data when moving to a new version of OSET 
Export all your current saved strategies, underlying asset data, and settings, and import them into a new version of OSET with two button clicks. (In the basic version your saved strategies cannot be moved to the new version of OSET and all data would need to be reentered manually). 
Links:
Summary of all options tools included with the Finance Addin for Excel
Finance Addin for Excel  function summary
Pricing and purchase of Finance Addin for Excel