Once you've analyzed all the numbers, you can use the Position Chart feature to take a graphical look at your positions.

OptionStation®2000i's Position Chart gives you a graphical look at each of your positions and allows you to illustrate the results of "what if" analysis. Position Chart gives you the answers to how your positions could perform in relation to changes in time, volatility and the price of the underlying asset. It provides a simple, straightforward way of answering "what if" questions about the exact profits, losses and breakeven point assuming opening or exiting a position based on different values such as days to expiration, volatility levels, interest rates and more. Charts can be created to display the possible profitability of existing, hypothetical or combined positions with up to four plot lines available to customize to the conditions you want to observe.

Each Position Chart you create in OptionStation graphically illustrates the positions you're interested in. You can display up to four different variables at one time, as well as any one of the five Greeks. Use the chart to see how your positions will change as they near expiration, plan your trades ahead of time and learn when to exit a position.

Chart Any Position. You can take any position in the Position Analysis window and easily create a Position Chart for it. You can use the Position Chart to determine what to expect at a certain target price of the underlying asset, or you can graphically view the probable maximum profit and breakeven points. Another unique feature called Chart Values gives you the exact dollar value (down to the cent) of your option and its volatility at any point on a chart.

A second chart can simultaneously display the risk of each position using one of five Greeks: Delta, Gamma, Theta, Vega and Rho. Each Greek value represents the risk associated with some change in the price, time value or volatility of an options position. You can select any one of these Greeks to be displayed underneath your existing or hypothetical Position Chart.

As you can see, the Position Chart allows you to view your option positions graphically, but OptionStation 2000i also allows you to analyze your positions in many other ways....