TradeStation2000i - OptionStation 2000i: Dynamic Probability Calculator

Products: OptionStation 2000i: Dynamic Probability Calculator

What's the likelihood that your ideas about the market are correct? The Probability Calculator in OptionStation®2000i actually calculates this estimated probability for you.

OptionStation 2000i allows you to determine the probability your ideas about the market are correct—that the price of the underlying asset will climb or drop, and to what degree. The Probability Calculator is an indicator that is applied to the position section of the Position Analysis window. Based on the current asset price and the modeled volatility, it calculates the probability that the underlying asset you're interested in will reach a specific target price by a certain date. OptionStation 2000i: Dynamic Probability Calculator

The indicator uses pre-defined high and low price targets, but reads the current price of the underlying asset automatically, and recalculates volatility and number of days to reach your target automatically. Of course, you can enter your own high and low price targets, as well as your own volatility and number of days to reach the target. This allows you to use the calculator to monitor an actual position or to run through any number of "what if" scenarios.

And, when you work with real-time/delayed data, it updates automatically. As your data feeds in, the Probability Calculator will instantly update the probability that your asset price will climb above the high price specified, drop below the low price specified, or fall somewhere in between.

Taking a "glimpse" into the future is undoubtedly helpful, but looking to the past can also give you insight. That's why OptionStation 2000i also includes a wealth of historical market data....

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