Larry McMillan stresses in his seminars and books that option traders must always trade with a model. The Option Evaluation Software is that model. Using the Black-Scholes model, The Option Evaluation Software calculates option values and related statistics, such as implied volatility and "the Greeks,” and displays them in a clean, easy-to-read grid-like display. It is a necessary piece of software for any serious option trader.
The Black-Scholes model, introduced in 1973 by Fischer Black and Myron Scholes, is an option valuation model that is the standard method of pricing options.
The Option Evaluation Software is actually quite easy to use. Simply enter the underlying price, price increment, strike price, strike price increment, current T-Bill interest rate, and historical volatility and press “calculate.” The software will then display a matrix of put and call values for six strike prices and eight underlying prices. Click on any particular option value and the Delta, Rho, Gamma, Vega, Theta, and Gamma of Gamma value will be displayed in the “Call Option Greeks” window.
PC-Operating System Compatible: Windows® 2000, XP Home, XP Pro, 2003 Server, Vista, Windows 7* (download only), Windows 8* (download only), Windows 10* (download only).