Futures & Option Software

Option Pro is The ultimate trading program for today's options trader. It works equally well with stocks and stock index, and can be used in either on-line or end-of-day modes. Designed and developed by a seasoned veteran of the Chicago trading pits, Option Pro is not just another number-crunching program. It contains all the essential tools necessary to make you an option trading expert! These tools are the same as used by professional traders daily. Option Pro:

Contains powerful evaluation, position management and tracking tools
Generates buy and sell signals for popular option strategies
Quickly scans for the best option positions
Displays stunning graphics
Is intuitively easy to use

In our years of experience, we've seen many option traders come and go. The traders who consistently make money while minimizing risk share several essential traits. They all have:

A good trading plan
The discipline to follow their trading plan
The ability to quantify and control risk

With Option Pro, you will get all the tools necessary to join the ranks of successful options traders. You can:

Spot over/undervalued options in real-time
Scan to find the very best positions to enter
Track your positions in real-time
Project how your positions will react to ANY future market event
"Drag and Drop" options to create a portfolio
Salient features of Option Pro:

Option pro comes with many world class features such Static Evaluator, Dynamic Evaluator, Position Tracking, Daily Report and Trade finder to help professional traders manage their risks efficiently in a fast moving market.

Trading can be a very difficult and demanding pursuit, even to the experience trader. Why trade at a disadvantage to the professionals? With Option Pro, you will have every tool you need to give your trading the winning edge. If you wish to buy the software kindly contact us or send us an email at contact@commerztrade.com with the subject: software purchase. The screen shots along with the features are given below.

Static Evaluator
Option Pro's Static Evaluator is the nerve center of your trading terminal. You will find this to be a truly sensational, feature packed, easy to use tool that will become impossible to work without once you have used it intuitive features.

In only a few clicks you can view an option's theoretical value, market price, bid, ask, net change, “percent to double” and more. Option cells automatically turn red when the option is "overvalued" and blue when "undervalued" You will quickly spot profit opportunities in a glance!

A handy pop-up window containing detailed information about each option (Open, High, Low, Close, Volume, Open Interest and the "Greek" values such as Gamma, Theta, Vega, Rho) appears with the click of your mouse. Another pop-up window displays today's most active options.



As seasoned option traders know, some markets persistently display a shift in implied volatilities across strike prices. This shift or "skew" is automatically calculated by Option Pro and this volatility skew can be reflected in Option Pro's theoretical option values. You'll have the most accurate theoretical option models available anywhere! The volatility skew patterns can be displayed graphically and adjusted simply by "dragging" the lines with your mouse cursor. You can save the edited skew patterns and choose to have Option Pro reflect these skews in its calculation of theoretical prices. Option Pro's Volatility Skew puts leading-edge technology at your fingertips! Each day's option prices are automatically stored to disk which allows you to create your own options database.

Dynamic Evaluator
The single MOST IMPORTANT trading concept we stress to our customers - the one we've found that separates successful options traders from everyone else - is the importance of quantifying risk and reward prior to entering an option position. Option Pro's Dynamic Evaluator is designed with this express purpose in mind. Only two pieces of information are needed by the Dynamic Evaluator - the option positions you wish to evaluate and a set of future scenarios.

The position file can be created within the Dynamic Evaluator or imported from the Static Evaluator, TradeFinder or Daily Reports routines. You only need to enter position information ONCE from anywhere in the program.



The Dynamic Evaluator Output Window graphically displays the potential risk and reward for any position. You'll get state-of-the-art position management information in one concise graph. Each line in the graph represents a different future scenario. You can even graph the “greek” values of the position, such as delta, vega, gamma, etc.

With the Dynamic Evaluator, you will see in a glance (and in advance!) exactly how your position will react to changes in underlying price, time, volatility, and interest rate changes. "Guess work" will be a thing of the past. The Dynamic Evaluator turns Position Management into a science!

Position Tracking
With Option Pro's Position Tracking feature, it's easy to watch the value of your option positions in real-time. Any of the position files you created within Static Evaluator, Dynamic Evaluator, TradeFinder or Daily Reports can be tracked within Position Tracking.

Not only can your positions be tracked in real-time, Position Tracking also allows you to see the position's value for any day in the past as well.




What if you have multiple position files and want to watch what's happening to your entire option portfolio in one window? Not a problem! You can combine any position files for a given symbol into one Master Position Tracking window and the aggregate profit or loss on the entire combination of position files will be updated tick-by-tick. It's simply the most advanced tool available for managing complex option positions!

Position Tracking automatically alerts you when your stops and profit targets are hit. Just tell Option Pro your stop and profit target levels (either in terms of price or raw dollar amounts). Each time your price objectives are hit, a window pops-up instantly and alerts you to make that trade! Just pick up the phone and call your broker!

With Option Pro's Position Tracking, your computer is transformed into a powerful Trading Command Center!

Trading Signals
Not content to rest on our laurels, we've taken option trading technology to the next level. With Option Pro, you can automatically generate buy and sell signals for any stock or futures market using these popular strategies:

Buy Calls or Puts
Buy Straddles
Write Covered Calls
Bull Put or Bear Call Spreads




Option Pro will tell you exactly what options to buy or sell, when to get in and when to get out of each trade. As an added bonus, we've made data requirements simple - all you need is the underlying stock or futures data to run Option Trading Signals. There's no need to collect volumes of option data each day to run the Trading Signals!

TradeFinder
Have you ever said this?:

"I just know this stock is going up - but which call should I buy", or
"I think the market is going to be flat for a while - How can I profit from that?", or
"I like my futures position - How can I best hedge my position or increase my return by using     options?

TradeFinder answers these questions and more in just seconds! Just enter your forecast for a stock, index or futures contract, choose the strategies you wish to consider and the amount of capital to be committed to the trade. TradeFinder does the rest - displaying up to the 50 most profitable positions to enter based on your outlook!

TradeFinder can consider over 40 different strategies, including buying or selling naked calls and puts, covered writes, straddles, vertical, ratio, time, butterfly, and backspreads.
How do you avoid getting stuck in illiquid options? Just use TradeFinder's built-in filters to screen out low-volume or high-priced options!

TradeFinder is especially powerful for day-trading. Use TradeFinder to discover the best way to profit from quick intra-day moves in your stock or futures contract. Just enter the underlying price level you anticipate reaching later in the day and let TradeFinder discover the most profitable position to put on now! And wait - there's more! TradeFinder also operates in "Auto-Scan" mode. Just create a list of your favorite stocks or futures contracts and let TradeFinder uncover create a list of your favorite stocks or futures contracts and let TradeFinder uncover scanning technology!

Graphs

In addition to its outstanding option analytics, your Essex Option Pro system comes complete with crisp clear Bar Chart graphing capabilities at no additional charge. The bar chart graphs also include the most popular indicators such as Bollinger Bands, Stochastics, Relative Strength Index and Moving Averages. Option Pro's graphs contain color-coded indicator readings - if the close is above the moving average, the value turns BLACK. If the close is below the average, the value turns RED.

In addition to Bar Chart graphs, Option Pro also creates Volatility Graphs, which display the range of historical volatility for any stock, index or futures contract. Create a historical Volatility Graph with just a few mouse clicks. Go as far back in time as your data allows - you'll see exactly where volatility has been for the underlying over time. With Option Pro's Volatility Graphs, there's no need to guess whether the current volatility is high, low or really off the charts - you will know at a glance !



Daily Reports

We know that most investors have a "9 to 5" job in addition to their trading activities. With that in mind, we've designed a series of detailed reports which can be printed out at night and taken to work the next day. You can easily enter your option positions into Option Pro or use a position file you've previously created. Just tell Option Pro the range of underlying prices you wish to cover in the Daily Report - the report is printed in just minutes.

No matter whether NIFTY is up 30 points tomorrow or the SATYAM is down 10, you will know what any option - as well as your whole option portfolio - is worth! Option Pro's Daily Reports module will also calculate the value of commonly traded option spreads (including time, vertical, butterfly and jelly roll and straddle spreads).

You can also apply the Static Evaluator's Volatility Skew patterns in Daily Reports for extra precision. With Daily Reports, you will always know exactly what a given option (and your personal portfolio) is worth - even when you aren't in front of your computer.