We are proud to announce the release of Option Workbench 3.0. This upgrade to Option Workbench puts even more power in your hands with these new features:
- FREE delayed market quotes for equities, ETFs and options with the ability to upgrade to real-time for a modest price
- Execute trades with select brokers or in your Option Workbench Virtual Account
- Manage your option strategies the way option traders think
- Monitor your positions' P&L, risk and expected value in real time.
The process of trading options, or any asset, can be categorized into three main activities. The first step in establishing a position is discovery. A trader needs to find a set of market conditions that present an opportunity. Once an opportunity is discovered a trader must execute the trades needed to establish the position. Depending on the complexity of that position, one or more orders need to be submitted to a broker and monitored. After being established, an option position usually requires more attention than a simple equity or future position. As market conditions change, adjustments may be required to maintain the position’s posture in the market.
This presentation demonstrates how Option Workbench can be used to simplify this process for option traders. We follow the process from discovery to execution to management and show how these three activities are actually iterative for most option positions. See the video below.
© 2023 The Option Strategist | McMillan Analysis Corporation