I'm new to trading - is Option Pro for me?
I'm an experienced trader - can Option Pro help me?
Will Option Pro scan for the best trades to make?
What if I can't watch the markets during the day?
Do I need historical data to run Option Pro?
I'm new to trading -
is Option Pro for me?
Absolutely!
More than any other trading vehicle, options give you tremendous flexibility in controlling the risk and reward of your positions. With options, it's just as easy to play down moves as up moves. You can make extraordinary profits with little risk, or create positions which profit from time decay. You may even build positions that profit no matter what happens to the underlying stock or futures contract.
However, the trade-off for this flexibility is complexity. Understanding options requires much more focus and study than stock or futures trading. As an option trader, you will be competing with many traders who have powerful tools already in place.
Your choice is to:
continue to trade at a disadvantage to the other traders, or
put tools in place which finally give you a competitive advantage over other traders!
Option Pro contains all the tools you need to become a successful option trader. With its user-friendly interface and powerful capabilities (plus Essex's free unlimited technical support), you will be up and running in no time. You will quickly learn the essential secrets of how options really trade and gain knowledge which will benefit you throughout your entire trading career.
I'm an experienced trader - can Option Pro help me?
Certainly!
Option Pro is the result of over 15 years of trading and program development experience gathered on the Chicago Board Options Exchange and Essex. We designed Option Pro primarily to help us successfully compete with other professionals in the trading pits.
Option Pro allows you to monitor and evaluate options trading on several underlying instruments simultaneously. Creating position files is easily accomplished with "drag and drop" technology. You can quickly evaluate your positions with the Dynamic Evaluator, monitor portfolio values with Position Tracking and find the best day-trades and position trades with TradeFinder.
Option Pro's powerful tools and ease-of-use make it the overwhelming choice of serious traders world-wide!
Will Option Pro scan for the best trades to make?
Yes!
With TradeFinder's "AutoScan" mode, Option Pro can search across any group of stock or futures markets and list the best option trades to make across your entire portfolio list. You can tell TradeFinder to assume all your stocks or futures will move by a certain amount or specify different scenarios for each stock or futures contract in your list.
What if I can't watch
the markets during the day?
Not a problem!
Many of our customers use Option Pro after market hours to plan trades for the next trading day. Option Pro's built-in downloader automatically retrieves data from your vendor in the evening and provides you with very powerful tools to help plan the next day's trades. The Daily Reports module provides you with a printout of tomorrow's option values and position management information which you can take with you to work.
Do I need historical data to run Option Pro?
No.
The Option Pro modules which use option and underlying data, such as the Static Evaluator and Position Tracking, only require the current day's data to operate. Other Option Pro modules, such as the Dynamic Evaluator, TradeFinder and Daily Reports, focus on projecting option prices into the future and do not require any data files to operate.
