optionwin - quick tour of site
TRANSCRIPT
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OPTIONWIN
QUICK START GUIDE
July 19, 2013
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OptionWin – Quick Start Guide
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Your Menu Options
Tips provided on multiple pages
Streaming business news
Intra-day Market updates
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Set Realistic Expectations• OptionWin assumes that you have working knowledge of Options
and are aware of inherent risks of trading Options• OptionWin displays delayed stock quotes. When initiating a trade
you may not get the prices that are displayed on the site• Options in many securities are thinly traded or illiquid. Before
initiating a trade in these securities, consider the risks of not getting the best price when closing the trade
• Brokerage fees (commissions + fees + taxes) can eat into your profits. Factor in these costs before initiating a trade. Additionally, choose the right broker for options trading
• An Option Lot size is the minimum quantity of options that are required for a trade. Be aware of the Lot size for each security you wish to trade
• DO NOT blindly rely only on OptionWin data and charts for your trading. Recheck the prices with your broker before trading
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OptionWin:Stock Trade Ideas
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Stock Trade Ideas - Summary
When to use• OptionWin Stock Trade Ideas work the best for
TRENDING Stocks – Bullish or Bearish Trends• Avoid Stocks that are trading in a narrow range• Get in when the Trend changes from
– Bullish to Bearish– Bearish to Bullish– Neutral to Bullish– Neutral to Bearish
• Confirm Trend in the last 2 hours of the day to enter the trade
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Strategies
Review all the Tabs
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Pick Trade Ideas under “Stocks Only”
Pick a Stock
Stock Analysis Grid
Scroll right to see past results
Entry & Stop Loss Prices
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Strategies
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Analysis Report Tab
Pick a Stock
Review the details of Analysis report for the stock for last 2
months (default)
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Strategies
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Trade Signals
Pick a Stock
Review the Trade Signals for the day (Subscribers only)
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Strategies
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Stock Charts
Pick a Stock
Traditional Candlestick chart
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Strategies
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Analysis Chart
Pick a Stock
Optionwin Analysis chart is a better way over traditional candlestick chart
to confirm the current trend
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Strategies
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Pick a Stock Stock Trend Changes: Identifies all the
Stocks that are changing to BULLISH or BEARISH trend today. It is extremely useful
feature to catch a new trend
Click on Stock Ticker to see the detailed
Stock Analysis
Ability to sort on any column
Price Diff & % indicates how far the current Stock price is from suggested entry price.
Try to enter when Price Diff is small.
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OptionWin:Option Trading Strategies
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Strategies - Summary
When to use• You have a preference for a particular option strategy
– Defined risk /defined payoff– Unlimited risk / defined payoff– Defined risk / Unlimited payoff
• You want to scan for opportunities in the entire options market• You want to limit your results by various filters:
– Option Volume– Open Interest– Delta’s, Implied Volatility– Strike zone– Etc.
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Strategies
Default result list can show 100’s of candidates
Ability to sort on any column
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19 out-of-the-box Strategies
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Strategies – Help screen
Some commentary on the Strategy
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Strategies – Custom Filters
Build custom filters
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Hover the mouse to see more details
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Strategies – Custom FiltersStart by creating a
Filter group
Then add multiple search filters to this
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Strategies – Charting
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See Payoff charts and underlying charts
Backtest the candidate spread
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Strategies – Charting (P&L)
Jun 10 Stock Price (5068.3)
Breakeven point: Stock has to be
below 5415.5 on or before July 26 to profit from trade
Adjust values to see changes in Payoff
chart
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OptionWin uses Microsoft Silverlight technology for charts. You will be prompted to install it the 1st time.
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Strategies – Charting (Historical)
Jun 10 Stock Price (5068.3)
Breakeven point: Stock has to be
below 5415.5 on or before July 26 to profit from trade
July 26th –Expiration
(Future date)
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The chart is expanded to Option expiration date. You can visually look at the stock trend to see if it has the potential
to stay below the breakeven for this strategy
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Strategies – Charting (Historical Overlay)
Analyze Spread behavior vs. Stock price
Zoom in or out
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You can narrow or expand the historical timeframe.Ability to view 2 indicators together (e.g. Stock Price & Option Spread Price)
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OptionWinTrade Ideas
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Trade Ideas - Summary
When to use
• Explore trade opportunities for a particular security (Stocks / Indices)
• You have a directional bias on a security (Bullish, Bearish or Neutral)
• Compare Payoff’s (risks & returns) on different option strategies
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Option Trade Ideas
Underlying SecurityInformation
Option Strategybased on your bias
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Pick the Stock you are interested in
Select your directional bias (Bullish, Bearish or Neutral)
Click on one of the Strategies
Under Options: Pick Trade Ideas for Options
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Trade Ideas
Underlying SecurityInformation
Neutral Strategies
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OptionWinRandom Strategy Builder
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Random Strategy Builder - Summary
When to use
• Thorough understanding of options
• Use market prices to test your own strategies (Stocks / Indices)
• Create multiple legs and view payoffs
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Strategy Builder
Create a Strategy Group
Add Option Legs
See the per Lot Debit/Credit
See Payoff Chart
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Under Options: Pick Strategy Builder
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OptionWinOption Chain
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Option Chain - Summary
When to use
• View all the listed option months and strikes for a particular security
• Build an option strategy“-1” means SELL “1” Lot, “1” means BUY
Lot multiples also allowed (e.g. -2, 1 for a Ratio Spread)
• Create multiple legs and view payoffs
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Option Chain
View OptionChain & Select
Strike
Enter -1 to SELL or 1 to BUY in “Count”
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Pick a Stock and view the Options Chain for Call & Puts for the 3 closest months
Under Options: Pick Option Chain
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Option Chain
Example: Put Calendar Spread with Strike Price of 5000 Short Month = July, Long Month = AugustThis Debit Spread will cost Rs. 1885 / LOT
Calendar SpreadSELL (-1) Jul 5000 PUTBUY (1) Aug 5000 PUT
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Build your own multi-legged strategy and view the Payoff
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OptionWinUnusual Options Activity
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Unusual Activity - Summary
When to use
• Use daily to reveal unusual patterns
• Identify stocks whose last days option volume has exceeded last 60 day average option volume
• Identify stocks whose last days Options Implied Volatility (IV) has exceeded last 60 day average option IV
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Unusual Volume Activity
LT – 60 day avg PUT Vol = 2402Jun 8 PUT Vol = 6849 or 185% higher
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Identify any unusually high options volume activity. This could signal some company event / news that
you may want to participate in.
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Unusual Implied Volatility Activity
JUBLFO – 60 day avg CALL IV = 28.63Jun 8 CALL IV = 54.19 or 89% higher
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Identify any unusually high options Implied Volatility change. This could signal some company event /
news that you may want to participate in.
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THANK YOU!
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