Options Calculator Suggestions?
Option calculator / visualizer recommendations?
How do I read a payoff diagram?
Does AllInvestView generate payoff charts automatically?
What is the difference between payoff and P&L?
Good Afternoon,
I use the Options Calculator located here:https://www.optionsprofitcalculator.com/
It's quite good for helping me visualize potential gains/losses based on a hypothetical trade.
There is one stock I've been trading for a while, my options strategy is okay but not great. I've made some money closing out some of my positions.
However, due to less than ideal liquidity on a stock i'm trading, i've had to close a lot of my legs individually instead of the whole trade.
I'm now stuck with a variety of calls / puts both bought and sold for the next six months.According to Options Calculator, there is no price at which these remaining options (taken together) can turn a profit.
What i'm looking for is perhaps a calculator that will suggest a potential option (buy or sell) that can reduce the risk on this chart based on my inputs. I've tried lots of options manually and some do better than others, but it's not efficient.
Here's a chart for if I do nothing:
https://i.imgur.com/rTRltwA.png
Hi all - experienced investor here but new options trader. Takes me a while to structure option tradesโฆany calculators / visualization tools to help see payouts at different prices?