OptionStrat Options Optimizer Tutorial (Find the Best Options Automatically)

Get OptionStrat at: optionstrat.com/

[@carolinadreamer6689]

Adding the selections for Volatility increase/decrease and Theta decay tolerance would round this out

[@iriphoenix8950]

Thank you very much for your explanation, Steve!

[@OptionStrat]

Glad it was helpful!

[@redbyron10]

Great explanations!

[@OptionStrat]

Glad it was helpful!

[@garygarrett1867]

Does the 'Live Tools' Membership give you access to both the Optimize and Build sections?

[@OptionStrat]

My understanding is YES, but I am a user just like you are, so just from my recollection.

[@salmr9433]

When you adjust the date on the virtual slider why does it automatically add a third date on the graph, beside the expiration date you the date you choose

[@OptionStrat]

It is adding in a date that is 1/2 way between your selected date and expiration. Most traders like to see at least this one additional line showing decay. Many programs will allow you to show up to 4 additional decay lines.

[@lobsterstrange]

If i opened a broken wing butterfly could i close out the first two legs and let the final leg run if the stock is bombing in our downside direction

[@OptionStrat]

Of course you can always close individual legs of a trade - BUT, be sure you don't leave any SHORT legs open by themselves unless you really know what you are doing as you would have unlimited risk at that point.