Calling all Expert option traders!!!

Question to expert option traders.

Is there any software that given the below parameters will let me buy best Call or put strategy

1. my risk / trade e.g. I want to risk 5K on the trade.
2. I know current price and i have my target price.
3. I m expecting price to hit my target in 2-3 days
4. What if scenarios for back testing.

Thanks

Give some trade examples ..

e.g. if i want to buy say reliance today @ 975 and my expected target is 985 which might take a day or two.

my risk is say 2K on this trade.

The software should let me enter these values and tell what C strike option i should buy and what would be the best strategy for this scenario.

Is there anything out there that can do this?

You can either buy plain vanilla call option with a stoploss of the risk you want to take....or you can have a long bull spread.So depending on how strongly you are bullish you have to choose the strategy. After that software like Option Oracle will help in giving you "what if" outcomes.

ST

There are tools out there which do some part of what you ask for, but not useful for your market, as it not feeds data from your market. Other wise it would be OptionVue, which is quit expensive and has a lot of incredible tools to use. I use it now for years.

Did you try the tool, mentioned from Munde_77 a long time ago and re mentioned from Santhosh2010 recently? It is free in your place: http://www.avasaram.com/index.jsp# or what ST mentioned: OO.

i have the Options Risk calculating excel... Can you try manual work with Nse Option Chain link





Download this excel sheet here :-

http://goo.gl/XZBfKl

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Options trading strategies :-

nice one santosh.

Very useful one Sir. Thanks