Options Trading Education, Workshop and Tools for an Indian market.

NIFTY BANKNIFTY Option Trading Training

Learn Options Trading from Trader

Our workshop is throughly designed and we have already trained 100s of traders across India and overseas.

NIFTY BANKNIFTY Option Trading Training

Learn Options Trading from Trader

As part of workshop, you will receive premium tools that will help you to take correct decision. It validates Option Greeks and other trade parameters too.

Best and Free Options Aalysis Tool OptionsOracle NSE Plugin by Santosh Kumar Pasi

Learn Options Trading from Trader

Training during weekends only, please contact me for further details.

Indian Market Option Trading Training

Learn Options Trading from Trader

Post training, trade setups are provided for three months to recover training fees as profit from trades. We also provide support for three months to clarify any doubts. Contact me for other features of training.

Advanced Options Strategy Training Indian Market

Learn Options Trading from Trader

Training content are precisely made considering Indian market. You will master directional and non-directional strategies. With these, you can trade in any market conditions.

Advanced Options Strategy Training Indian Market

Learn Options Trading from Trader

Learn how to adjust strategies with simple concept, to lock profit and minimise loss!!!

Advanced Options Strategy Training Indian Market

Past workshops

Participants includes full time traders, brokers and sub-brokers, professionals and retired personnel.

OTC Challenge: December Series, 2017


Welcome to Pasi Technologies's OTC Challenge:- 

OTC Challenge for November Series is open now and will close on December 24, 2017

You have to guess expiry (SPOT price) for NIFTY and get chance to WIN Option Strategy Premium Tool: OpStrater.


URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/2030180590550310/

Following are terms and conditions:
  1. Response should be posted in “OTC Challenge” post in FB group www.facebook.com/groups/OptionTradingCourse
  2. Your Facebook account should be at least three month old and active one. Any participant abusing system will disqualify and will be blocked. 
  3. Winner will be decided based on how closely expiry was predicted. It should be SPOT price and absolute value.
  4. Multiple response by single user will disqualify user. Entries with “above”, “below”, “between” or “range”, etc. will not be considered.
  5. Challenge will be closed on “Last Sunday before Expiry”. Any response added/updated after “Last Sunday before Expiry” will disqualify user.
  6. There will be one WINNER In case of tie up, the one who posted first will be winner.
  7. For OTC WINNER, OpStrater will be licensed for one year and to the FB user ID used in response. 
  8. Winner needs to share picture & short profile, so that we can post winner details in our sites, blogs, posts, etc.
  9. Reward is non-transferable and non-exchangeable. All rights are reserved with us.
  10. We will post Winner on weekend of Expiry Week.
  11. We keep rights to modify terms and conditions at our wish without any notice.
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OTC Challenge: November Series, 2017


Welcome to Pasi Technologies's OTC Challenge:- 

OTC Challenge for November Series is open now and will close on November 26, 2017

You have to guess expiry (SPOT price) for NIFTY and get chance to WIN Option Strategy Premium Tool: OpStrater.


URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/2010591109175925/

Following are terms and conditions:
  1. Response should be posted in “OTC Challenge” post in FB group www.facebook.com/groups/OptionTradingCourse
  2. Your Facebook account should be at least three month old and active one. Any participant abusing system will disqualify and will be blocked. 
  3. Winner will be decided based on how closely expiry was predicted. It should be SPOT price and absolute value.
  4. Multiple response by single user will disqualify user. Entries with “above”, “below”, “between” or “range”, etc. will not be considered.
  5. Challenge will be closed on “Last Sunday before Expiry”. Any response added/updated after “Last Sunday before Expiry” will disqualify user.
  6. There will be one WINNER In case of tie up, the one who posted first will be winner.
  7. For OTC WINNER, OpStrater will be licensed for one year and to the FB user ID used in response. 
  8. Winner needs to share picture & short profile, so that we can post winner details in our sites, blogs, posts, etc.
  9. Reward is non-transferable and non-exchangeable. All rights are reserved with us.
  10. We will post Winner on weekend of Expiry Week.
  11. We keep rights to modify terms and conditions at our wish without any notice.
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OTC Challenge: October Series, 2017 (Winner)


Winner for OTC Challenge: October Series, 2017





Ritesh Jain is having his online business and he is based in Mumbai. He is currently learning technical's and fundamental in share market. He is active in share market from past one year.  

Congratulations Ritesh Jain!!!
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OTC Challenge: October Series, 2017


Welcome to Pasi Technologies's OTC Challenge:- 

OTC Challenge for October Series is open now and will close on October 22, 2017

You have to guess expiry (SPOT price) for NIFTY and get chance to WIN Option Strategy Premium Tool: OpStrater.






URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/1996614463906923/

Following are terms and conditions:
  1. Response should be posted in “OTC Challenge” post in FB group www.facebook.com/groups/OptionTradingCourse
  2. Your Facebook account should be at least three month old and active one. Any participant abusing system will disqualify and will be blocked. 
  3. Winner will be decided based on how closely expiry was predicted. It should be SPOT price and absolute value.
  4. Multiple response by single user will disqualify user. Entries with “above”, “below”, “between” or “range”, etc. will not be considered.
  5. Challenge will be closed on “Last Sunday before Expiry”. Any response added/updated after “Last Sunday before Expiry” will disqualify user.
  6. There will be one WINNER In case of tie up, the one who posted first will be winner.
  7. For OTC WINNER, OpStrater will be licensed for one year and to the FB user ID used in response. 
  8. Winner needs to share picture & short profile, so that we can post winner details in our sites, blogs, posts, etc.
  9. Reward is non-transferable and non-exchangeable. All rights are reserved with us.
  10. We will post Winner on weekend of Expiry Week.
  11. We keep rights to modify terms and conditions at our wish without any notice.
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OTC Challenge: September Series, 2017 (Winner)


Winner for OTC Challenge: September Series, 2017



Sri Charan is a Chartered Accountant and belongs from Hyderabad. He is having experience of 3 yrs in Equity Markets. 
He is founder and CEO at AskmeLoans finance company. 

Congratulations Sri Charan!!!

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OTC Challenge: September Series, 2017


Welcome to Pasi Technologies's OTC Challenge:- 

OTC Challenge for September Series is open now and will close on September 24, 2017

You have to guess expiry (SPOT price) for NIFTY and get chance to WIN Option Strategy Premium Tool: OpStrater.





URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/1985661828335520/

Following are terms and conditions:
  1. Response should be posted in “OTC Challenge” post in FB group www.facebook.com/groups/OptionTradingCourse
  2. Your Facebook account should be at least three month old and active one. Any participant abusing system will disqualify and will be blocked. 
  3. Winner will be decided based on how closely expiry was predicted. It should be SPOT price and absolute value.
  4. Multiple response by single user will disqualify user. Entries with “above”, “below”, “between” or “range”, etc. will not be considered.
  5. Challenge will be closed on “Last Sunday before Expiry”. Any response added/updated after “Last Sunday before Expiry” will disqualify user.
  6. There will be one WINNER In case of tie up, the one who posted first will be winner.
  7. For OTC WINNER, OpStrater will be licensed for one year and to the FB user ID used in response. 
  8. Winner needs to share picture & short profile, so that we can post winner details in our sites, blogs, posts, etc.
  9. Reward is non-transferable and non-exchangeable. All rights are reserved with us.
  10. We will post Winner on weekend of Expiry Week.
  11. We keep rights to modify terms and conditions at our wish without any notice.
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OTC Challenge: August Series, 2017 (Super Winner)


Super Winner for OTC Challenge: August Series, 2017





B.R.SINGH is our Super Winner for August Series OTC Challenge. He is Managing Partner of Break Thru Lab resources since 1997, also venture into chemicals Exports through Rishima Exim Venture Inc. since 2014. He did his Graduation in Economics and Post Graduation in Law & PGD in PM & IR from NIPM and PGD in HRD from M.S. University.

He is into financial market since 2006. He is Mechanical Trader and has his own trading system. He is very much active trader in future and cash segment since last 7 years. He also trades Option to hedge his future positions.

He won Two Days Options Strategy Trading Workshop (Weekend) that he can attend in the month of November or December 2017. Meanwhile, we have shared OpStrater package along with study material to get prepared for workshop.


Congratulations B.R.SINGH!!!



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Happy Independence Day


Wishing all a Very Happy Independence Day

On this occasion, I'm releasing updates to OptionsOracle tool.

ChangeLog to regular version of OptionsOracle:
  1. It does support Future now with limitation to current series.
  2. It does support OI Analysis (Showing Long Buildup, Short Buildup, Short Covering, etc) in Option Chain table. 
  3. We have updated Contact US to show relevant information.
  4. We have updated About, to thank friend "Pooja Verma". She has worked hard and supported in all possible way. 

ChangeLog to OpStrater version of OptionsOracle Advance:
  1. It does support Future now with limitation to current series.
  2. It does support OI Analysis (Showing Long Buildup, Short Buildup, Short Covering, etc) in Option Chain table. 
  3. We have updated Contact US to show relevant information.
  4. We have updated About, to thank friend "Pooja Verma". She has worked hard and supported in all possible way. 
  5. It does show column OI Analysis in "Strategy Positions".
  6. Graph is updated. So in case if you change date, it shows two lines. Dotted line represent chosen date status and Solid line for expiry status.
  7. Put Call Ratio graph shows MAX OI strikes in title.


Here are screenshot for regular OptionsOracle.

1. Showing Future price and OIAnalsis column.

2. Strategy Position showing support for "Long Future".


3. Regular P/L version Underlying graph on expiry.

4. Regular P/L version Underlying graph as of Today.

5. Put Call Ratio Graph showing value.

6. Regular Option Pain graph.

7. Updated Contact Us screen.

8. Updated About screen. Thanking my best friend Pooja Verma. She always worked behind the scene. Appreciate Pooja Verma for all your support.





Screenshot from OptionsOracle Advance that is packed along with OpStrater.

1. Showing Future price and OIAnalsis column.

2. Strategy Position showing support for "Long Future".


3. Regular P/L version Underlying graph on expiry.

4. Updated P/L version Underlying graph as of Today. Dotted line represent Today's P/L and solid line on Expiry.

5. Put Call Ratio Graph showing value. It also shows Max OI Strikes.

6. Regular Option Pain graph.


7. Updated Contact Us screen.


8. Updated About screen. Thanking my best friend Pooja Verma. She always worked behind the scene. Appreciate Pooja Verma for all your support.

To download, please visit following page:
http://www.pasitechnologies.com/2015/11/optionsoracle-nse-plugin-v-185.html

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OptionsOracle Wishlist


Here are wishlist that we have or we have received from our users including Facebook group members for OptionsOracle.

Most of features will be available in both version of OptionsOracle (OptionsOracle standard edition and "OptionsOracle Advance" that is included with OpStrater). 

Few features will be exclusively available in "OptionsOracle Advance" for our workshop participants and "OpStrater" privileged users. 

1.  OptionsOracle to support Future.
     >  Yes, next update of OptionsOracle will support this. 
     >  But it will allow only current monthly series price.

2.  "Strategy Summary" to have column for remark.
      >  Yes, next update of OptionsOracle will support this.

3.  Option Chain table to show "OI Analysis" like "long buildup", "short buildup" etc.
      >  Yes, next update of OptionsOracle will support this.
      >  "OptionsOracle Advance" will show this even in "Strategy Positions".

4.  Graph to show more details (like Max Pain strike in text).
     >  We have already started work on this. 
     >  "OptionsOracle Advance" will support this.
     >  Regular OptionsOracle will have regular graph.

5.  To show IV Ranking/Percentile/Chart?
     >  This won't be possible. 
     >  For IV Ranking/Chart, huge data and processing power is required.
     >  However OpStrater shows volatility level in "Strategy Decision Maker" and recommends best strategy.

6.  To use faster and real-time data in OptionsOracle.
     >  Currently we are not working on this.
     >  May be in future, we will work on this.
     >  To integrate OptionsOracle with trading platform like NEST/TradeTiger Excel linked data.
     >  If some broker provides API to integrate, we can consider that.
     >  If some broker provides API to even punch orders, we can work on those too.

7.  OptionsOracle to have features like other commercial products.
     >  All details/features expected from tool required for option trading is already present in our tools. 
     >  "Strategy Decision Maker" recommends best strategy that most of commercial tools don't have.
     >  If you have added workshop then you can use "Strategy Trade Manager" to validate trade.
     >  However commercial products may have additional features.
     >  If we have resources and convinced, we will try to add those.

Here are few screenshots of development:
One with asterisk mark (*) are available with OpStarter package only. 













We will announce details and screenshots in our Facebook group: Option Trading Course 

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OTC Challenge: August Series, 2017


Welcome to Pasi Technologies's OTC Challenge:- 

OTC Challenge for August Series is open now and will close on August 29, 2017

We are already excited to celebrate "Independent Day".
We are also celebrating two years supporting OptionsOracle.
Hence is award for OTC Challenge - August Series.

Yes, there is chance to win Two Days Options Strategy Trading Workshop.

You have to guess expiry (SPOT price) for NIFTY and get chance to WIN Option Strategy Premium Tool: OpStrater.



URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/1970595229842180/

Following are terms and conditions:
  1. Response should be posted in “OTC Challenge” post in FB group www.facebook.com/groups/OptionTradingCourse
  2. Your Facebook account should be at least three month old and active one. Any participant abusing system will disqualify and will be blocked. 
  3. Winner will be decided based on how closely expiry was predicted. It should be SPOT price and absolute value.
  4. Multiple response by single user will disqualify user. Entries with “above”, “below”, “between” or “range”, etc. will not be considered.
  5. Challenge will be closed on Tuesday of “Expiry Week”. Any response added or updated after Tuesday of “Expiry Week” will disqualify user.
  6. There will be one WINNER/SUPER WINNER. In case of tie up, the one who posted first will be winner.
  7. If your GUESS is most nearer to expiry but more than 5 points away from actual expiry, then you are “OTC WINNER” and award will be OpStrater.
  8. If your GUESS is very close within range of 5 points of actual expiry, then you are “OTC SUPER WINNER” and award will be TWO DAYS OPTION WORKSHOP.
  9. For OTC WINNER, OpStrater will be licensed for one year and to the FB user ID used in response. 
  10. For OTC SUPER WINNER, you can attend any one Two Days Options Strategy Trading Workshop (Weekend) in the month of November or December 2017, else it will be void. We hope you have understanding of market, basic understanding of options.
  11. Winner needs to share picture & short profile, so that we can post winner details in our sites, blogs, posts, etc.
  12. Reward is non-transferable and non-exchangeable. All rights are reserved with us.
  13. We will post Winner on weekend of Expiry Week.
  14. We keep rights to modify terms and conditions at our wish without any notice.
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OTC Challenge: July Series, 2017 (Winner)


Winner for OTC Challenge: July Series, 2017


Sunderesha Pandian, he works as a Support Manager in Ericsson, Chennai. He  is part time trader and mostly trades options. Occasionally he trades futures too.


Congratulations Sunderesha Pandian!!!

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OptionsOracle Updates - 20170702


Today we have updated OptionsOracle to fix issue with Historical Volatility and Volatility cone.
Both Faster version and Slower version were updated.

We recommend to update your copy of OptionsOracle. Make sure to uninstall older version before installing latest version.

Also we recommend to download faster version from FaceBook Group as it has some additional features that are not available with slower version.

Here is screenshot of showing Historical Volatility:

Here is screenshot of Volatility Cone:


Change Log:

  • Fixed issue with Historical Volatility
  • Fixed issue with Volatility Cone


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OTC Challenge: July Series, 2017


Welcome to Pasi Technologies's OTC Challenge:- 

OTC Challenge for June Series is open now and will close on July 25, 2017.

You have to guess expiry (SPOT price) for NIFTY and get chance to WIN Option Strategy Premium Tool: OpStrater.



URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/1956048947963475/


Following are terms and conditions:

  1. Winner will be decided based on how closely expiry was predicated.
  2. In case of tie up, the one who posted first will be winner.
  3. Response should be posted in “OTC Challenge” post in group www.facebook.com/groups/OptionTradingCourse 
  4. OpStrater will be licensed for one year and to the FB user ID used in response.
  5. Multiple response by single user will disqualify user.
  6. Challenge will be closed on Tuesday of Expiry week.
  7. Any response added or updated after Tuesday of "Expiry Week" will disqualify user.
  8. Winner needs to share picture and short profile, so that we can post winner details in our sites, blogs, posts, etc.
  9. You can update your response until Tuesday of "Expiry Week".
  10. We will post Winner on weekend of Expiry Week.
  11. OpStrater license is not transferable.
  12. We keep rights to modify terms and conditions at our wish without any notice.
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OTC Challenge: June Series, 2017 (Winner)


Winner for OTC Challenge: June Series, 2017



Bina Naik, is a full time Option Trader. She mainly trade in Trading Credit Spreads and Iron Condors with high probability of success; mainly income trades.

She prefer NEST/NOW Trading Platform for trade execution ECONOMIC TIMES CHARTS for Technical Analysis and OPTION ORACLE for Trade analysis.

Though she has 15 years experience in stock market, she has been trading in options for last 3 to 4 years. Her first year as Options trader was difficult and bumpy with losses but small size position helped to overcome the learning curve. 

She likes to read a lot which has helped her to update her knowledge, realize her shortcomings,

She is second time winner for OTC Challenge.

Congratulations Bina Naik!!!


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OTC Challenge: June Series, 2017


Welcome to Pasi Technologies's OTC Challenge:- 

OTC Challenge for June Series is open now and will close on June 27, 2017.

You have to guess expiry (SPOT price) for NIFTY and get chance to WIN Option Strategy Premium Tool: OpStrater.



URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/1938865996348437/


Following are terms and conditions:

  1. Winner will be decided based on how closely expiry was predicated.
  2. In case of tie up, the one who posted first will be winner.
  3. Response should be posted in “OTC Challenge” post in group www.facebook.com/groups/OptionTradingCourse 
  4. OpStrater will be licensed for one year and to the FB user ID used in response.
  5. Multiple response by single user will disqualify user.
  6. Challenge will be closed on Tuesday of Expiry week.
  7. Any response added or updated after Tuesday of "Expiry Week" will disqualify user.
  8. Winner needs to share picture and short profile, so that we can post winner details in our sites, blogs, posts, etc.
  9. You can update your response until Tuesday of "Expiry Week".
  10. We will post Winner on weekend of Expiry Week.
  11. OpStrater license is not transferable.
  12. We keep rights to modify terms and conditions at our wish without any notice.

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Winner for OTC Challenge: May Series, 2017


Winner for OTC Challenge: May Series, 2017



Manoj Kumar Sharma is an officer in Bikaner Division in Indian Railways.

Around 19 people participated in this series OTC challenge. 
Manoj predicted expiry at 9496 and expiry is at 9509.75.

Congratulations Manoj on winning OTC challenge - May Series, 2017.


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OpStrater Updates: April 2017


OpStrater Updates are here.

Here are change logs:
1. Strategy Trade Manager can import more details from OptionsOracle directly.
2. Strategy Trader Manager: Minor updates (highlights features to update details)
3. OptionsOracle: Template works perfectly with USDINR too (bug release).
4. PDF (Student Trading Guide - Introduction) is updated with few exercise. This will help workshop participants to prepare for workshop.




All workshop participants being part of WhatsApp group have been notified. They have to uninstall old version and install latest version.

Tomorrow (April 29, 2017) we will be at Traders Carnival

We will be in Traders Carnival for three days and you can share your ideas for OptionsOracle and other tools enhancement.

Hope to meet you all there !!!

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OTC Challenge: April Series, 2017 (Winner)


Winner for OTC Challenge: April Series, 2017



Bina Naik, is a full time Option Trader. She mainly trade in Trading Credit Spreads and Iron Condors with high probability of success; mainly income trades. 

She prefer NEST/NOW Trading Platform for trade execution ECONOMIC TIMES CHARTS for Technical Analysis and OPTION ORACLE for Trade analysis.

Though she has 15 years experience in stock market, she has been trading in options for last 3 to 4 years. Her first year as Options trader was difficult and bumpy with losses but small size position helped to overcome the learning curve. 

She likes to read a lot which has helped her to update her knowledge and realize her shortcomings.
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OTC Challenge: May Series, 2017


Welcome to Pasi Technologies's OTC Challenge

OTC Challenge for May Series is open now and will close on May 23, 2017

You have to guess expiry price (SPOT) for NIFTY April series and get chance to WIN Option Strategy Premium Tool: OpStrater.



URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/1927193134182390/


Following are terms and conditions:

  1. Winner will be decided based on how closely expiry was predicated.
  2. In case of tie up, the one who posted first will be winner.
  3. Response should be posted in “OTC Challenge” post in group www.facebook.com/groups/OptionTradingCourse 
  4. OpStrater will be licensed for one year and to the FB user ID used in response.
  5. Multiple response by single user will disqualify user.
  6. Challenge will be closed on Tuesday of Expiry week.
  7. Any response added or updated after Tuesday of Expiry week will disqualify user.
  8. Winner needs to share picture and short profile, so that we can post winner details in our sites, blogs, posts, etc.
  9. You can update your response until Tuesday of Expiry week.
  10. We will post Winner on weekend of Expiry Week.
  11. OpStrater license is not transferable.
  12. We keep rights to modify terms and conditions at our wish without any notice.


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OTC Challenge: April Series, 2017


Welcome to Pasi Technologies's OTC Challenge

OTC Challenge for April Series is open now and will close on April 24, 2017

You have to guess expiry price (SPOT) for NIFTY April series and get chance to WIN Option Strategy Premium Tool: OpStrater.




URL to post response:
https://www.facebook.com/groups/OptionTradingCourse/permalink/1923408861227484/


Following are terms and conditions:

  1. Winner will be decided based on how closely expiry was predicated.
  2. In case of tie up, the one who posted first will be winner.
  3. Response should be posted in “OTC Challenge” post in group www.facebook.com/groups/OptionTradingCourse 
  4. OpStrater will be licensed for one year and to the FB user ID used in response.
  5. Multiple response by single user will disqualify user.
  6. Challenge will be closed on Monday of Expiry week.
  7. Any response added or updated after Monday of Expiry week will disqualify user.
  8. Winner needs to share picture and short profile, so that we can post winner details in our sites, blogs, posts, etc.
  9. You can update your response until Monday of Expiry week.
  10. We will post Winner on weekend of Expiry Week.
  11. OpStrater license is not transferable.
  12. We keep rights to modify terms and conditions at our wish without any notice.




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OPTIONSORACLE - OPTIONS TRADING ANALYSIS TOOL

OPTIONSORACLE - OPTIONS TRADING ANALYSIS TOOL


OptionsOracle is a free tool for the stock options trading strategy analysis, built for the options traders.
Since options trading is more complex and can involve much higher risk than simple stock trading, traders need to fully understand the options strategy before investing in it. This is where OptionsOracle comes to help. OptionsOracle is a powerful tool that allows testing of different options strategies using real-time options & stock-market information. The tool provides an easy interface to build a stock/options position and then test it using graphs and analytical tools.

OptionsOracle is simple to use tool that includes a built-in tutorial. After entering the stock symbol, the software will automatically download the real-time information of the stock and its options. Next, using either the wizard with the pre-configured template or using the manual setting, the tested position is built. Lastly, the analysis tools will provide information about the position gain/loss given the stock price and time, enabling you to better understand the position.

OptionsOracle is FREE tool. Enjoy!

OPTIONSORACLE - OPTIONS TRADING SCREENER

OptionsOracle Wizard is a sophisticated options strategy screener that allows checking customized or pre-configured strategies over multiple stocks with all the options combinations. The OptionsOracle Wizard feature is part of OptionsOracle.

OPTIONSORACLE - VOLATILITY ANALYZER

OptionsOracle volatility analyzer is an easy-to-use historical & implied volatility calculator that provides the ability to analyze the historical volatility of an option compared to its actual implied volatility for similar time periods.

OPTIONSORACLE - OPTIONS GREEKS CALCULATOR

OptionsOracle options Greeks calculator can be used to check options-pricing in more detail. The calculator also provides the ability to quickly load the market options and check them under different scenarios. The Greeks calculator provides analysis of options price, volatility, delta, gamma, theta, and vega.


OPTIONSORACLE - PORTFOLIO MANAGER

OptionsOracle includes a multi-portfolio manager that allows you to monitor your positions in separate portfolios or in one main portfolio. The portfolio also provides the ability to quickly navigate between the saved strategies with a simple and effective user-interface.

OPTIONSORACLE - STRATEGY ANALYSIS

The strategy analysis tool provides the ability to test the strategy under different market scenarios (volatility, underlying price and date) and get the strategy performance and strategy greeks (delta, gamma, vega, theta).

OPTIONSORACLE - OPTIONS PAIN ANALYSIS

The maximum underlying option pain is the underlying price point which will cause the maximum loss for options buyers as a whole, at the expiration date. The option pain graph shows the total option exercise value at the expiration date. The minimum point of the graph is the buyers "maximum option pain".

OPTIONSORACLE - VOLATILITY SMILE GRAPH

The volatility smile graph shows the volatility smile of options chain on different expiration dates. This graph can be used to estimate the volatility change of an option given the distance from the ATM option.

OPTIONSORACLE - CUSTOMIZED INDICATORS

The customized indicators feature allows users to enter there own formula or algorithm in JavaScript language to help in ranking stock options.

FREE FOR ALL

OptionsOracle is free software (FREEWARE). No catches. Enjoy!

IT'S SIMPLY THE BEST

It is simply the best free options trading analysis tool, that gives you all you need - options strategies analysis, options screener, volatility analyzer, greeks calculator, and portfolio manager.


DOWNLOAD


OptionsOracle is provided "as-is," without any express or implied warranty. In no event shall the author be held liable for any damages arising from the use of this software.


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Max Pain Theory in Option


Let's understand what is option max pain theory and how to use it.

Assumption: 
  • Big Boys (fund houses) have enough funds and resources to move (manipulate) market.
  • Big Boys are option seller.
  • Around 90% of the options expire worthless, hence option writers/sellers tend to make money more often, more consistently than the option buyers.


Option Max Pain theory:
Options Max Pain Theory suggests, “On option expiration day, the underlying index or stock price often moves toward a point that brings maximum loss to option buyers.”

The maximum underlying option pain is the underlying price point which will cause the maximum loss for option buyers as a whole at the expiration date. It is believed that money-makers are making extra money by selling options (both calls and puts), and they will manipulate the stock price approaching expiration date to minimize their liability to exercise options, causing "maximum option pain" to the option buyers. 


Max pain can be calculated manually or automatically using OptionsOracle. Let's see both method below.

Manual process:
If you want to do it manually, here are steps:
  1. List down the various strikes on the exchange and note down the open interest of both calls and puts for these strikes.
  2. Now for each of the strike price that you have noted, assume that the market expires at that strike.
  3. Calculate how much money is lost by option writers (both call option and put option writers) assuming the market expires as per the assumption in step 2.
  4. Add up the money lost by call and put option writers.
  5. Identify the strike at which the money lost by option writers is least.

This is the level at which least amount of money is lost by option writers and is the point at which maximum pain is caused to option buyers. Therefore this is the price at which the market is most likely to expire.


Using OptionsOracle
Let's do it using OptionsOracle:

1. Open OptionsOracle, make sure plugin is correctly configured.
    


2.  Now, let's try to find max pain for NIFTY. So in symbol, type NIFTY and click on Update button.



3. Once option chain data is downloaded, click on "Option Pain" button.



4. Finally it will open "Option Pain" graph and if you notice on chart title it does shows Max Pain strike too. If you are using latest version of OptionsOracle (Faster version) then only Max Pain Strike will be shown in title. Earlier version use to show just graph and we have to manually move pointer on graph to identify max pain strike.

The option pain graph shows the total option exercise value at the expiration date. The minimum point of the graph is the buyers "maximum option pain".


As we are nearer to expiry, big boys will try moves (manipulate) an index or stock so that sellers like them will in profit or least hurt whereas option buyer will be at max pain!!!



How to use Max Pain?
Max pain gives you rough estimate where most likely expiry will happen. Using this you may short OTM strikes few ATR or Standard deviation away based on number of days remaining for the expiry on both the sides i.e. OTM CALL and OTM PUT.


Note:
Max Pain strike may change on daily basis. 
Trading using max pain may requires adjustments if max pain strike changes. 
It is more useful when we are nearer to expiry.



Disclaimer:
Nothing in this article is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Pasitechnologies.com. 
We may have positions in the market and some of them may support or contradict the material given above.
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