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Option Workbench Tutorial Videos

Below are some recorded webinars to help you understand and use Option Workbench.


Option Workbench 4.1 Release Notes

We are pleased to announce the release of Option Workbench 4.1. This release contains some exciting new data that will help you to create more flexible filters. Using the new volume and Put/Call Ratio fields in the Option Profiles will assist you in finding even better trading opportunities.

Other new features include:

  • Choose whether to mark your positions to market or the mid prices
  • Overhauled and enhanced Put/Call Ratio and option volume analysis
  • New filtering functions and built-in data
 

Option Workbench 4.0 Release Notes

Option Workbench 4.0 has a new look and feel and contains a ton of new features and options including earnings data, position editor enhancements, position creation, position management and a portfolio monitor.

 

Introduction to Option Workbench 3.0

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.
 

Introducing Option Workbench 2.0

Exciting new analytical tools for serious option traders

Join Craig Hilsenrath for "What's New in Option Workbench 2.0" to learn about the exciting new tools in the latest release of Option Workbench. The highlight of version 2.0 is the new back-testing system. This allows traders to test their positions on actual data prior to making a trade. Craig will demonstrate how to set up hypothetical positions in the past and generate a back-test report.

 

Intro to Option Workbench

Uncover the Best Opportunities for Your Next Options Trade

Options provide a trader with an abundance of alternatives for taking advantage of both directional movements and price volatility. Finding these opportunities can be a challenge for even the most seasoned professional. Once an opportunity is uncovered there are typically several different strategies that can be used to profit from changes in price and/or volatility. The ability to compare and contrast these choices can mean the difference between profit and loss. Understanding the risks associated with an option spread and the ability to stress test the position are the third leg of the pre-trade analysis that a successful option strategist requires. Join Craig Hilsenrath to see how Option Workbench will help you succeed at these three critical pre-trade activities.

 

Advanced Risk Analysis Using Option Workbench

Learn how to use the powerful OWB software to help you maximize profits

Join Craig Hilsenrath, Managing Partner/Chief Engineer of Hilco Financial Software, for this complimentary tutorial. In this seminar, Craig discusses using the advanced risk analysis tools available in Option Workbench. Topics covered include:
  • How to use expected return in risk analysis.
  • Position size and margin considerations.
  • The interaction of the Greeks and their effect on risk.
  • Using the Option Workbench what-if scenario analysis tools.
 

Probability and Expected Value

Join Craig Hilsenrath of Hilco Software, creator of Option Workbench for this special presentation.

With nearly four thousand option-able U.S. equities and ETFs and over 400,000 individual option contracts available on a daily basis, retail option traders need a way to determine the optimal way to allocate their investment capital. By employing some well known statistical techniques to calculate the expected profit and return for a set of option positions, an option strategist can rank possible trades. These techniques can be used across diverse positions, assets and asset classes to compare positions and determine the optimal utilization of investment capital.

 

What's Wrong with Put Credit Spreads?

Join Option Workbench creator Craig Hilsenrath as he explores effective alternatives to this popular income producing strategy.

One of the most popular uses of options is selling premium for income. Most traders start out selling covered calls and quickly move on to naked puts. But, shorting puts can sometimes be a hair-raising activity. In order to limit risk and reduce the number sleepless nights many traders utilize put credit spreads. Although selling put verticals can achieve the aforementioned goals, they may not be the best vehicle for limiting risk. This talk will explore two alternatives to put credit spreads that are more effective at hedging risk and are more conducive to restful nights.

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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.