$29 Option Strategist Trial

Option Evaluation Software

$125.00
SKU: softOptEvalDL

Determine theoretical option prices with this advanced Black-Scholes Calculator

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.

What is the Black-Scholes model?

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.

Why use the Option Evaluation Software?

  • It can help you determine what your option position would be worth at any stock and volatility
    level at any time.
  • It can help you determine which option to buy, and how many contracts.
  • The Option Evaluation Software can save you money over time by helping you determine what
    options are over / underpriced.

How to use the Option Evaluation Software

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.

More about the Option Evaluation Software:

  • Dividend payouts and implied volatility of options can either be automatically calculated or
    manually entered.
  • Option Greeks are given for each option (Delta, Rho, Gamma, Vega, Theta, and Gamma of Gamma).
  • The grid of option values displays option prices at multiple strike and stock prices simultaneously.
  • Choose either American-style or European-style exercise.
  • Extensive User Manual included.

System Requirements

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).

*NOTE:  Software will not run on any MAC OS.  The CD-Rom will not work on Windows 7 or Windows 8.  To install on Windows 7 or Windows 8, choose the DOWNLOAD option. 

Option Evaluation Software
List price: $125.00
Price: $125.00
Weight: 1 lb
Dimensions: 8 in × 11 in × 1 in

McMillan Options Mentoring

Trading or investing whether on margin or otherwise carries a high level of risk, and may not be suitable for all persons. Leverage can work against you as well as for you. Before deciding to trade or invest you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. The possibility exists that you could sustain a loss of some or all of your initial investment or even more than your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results.
Visit the Disclosure & Policies page for full website disclosures.

Testimonials*:  Testimonials are believed to be true based on the representations of the persons providing the testimonials, but facts stated in testimonials have not been independently audited or verified. Nor has there been any attempt to determine whether any testimonials are representative of the experiences of all persons using the methods described herein or to compare the experiences of the persons giving the testimonials after the testimonials were given. You should not necessarily expect the same or similar results.

Performance Results: Past performance results for advisory services and educational products are shown for illustration and example only, and are hypothetical.

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.

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