Choose Your Win Rate. See Realistic Strike Levels.
This tool helps option sellers choose better strike prices by showing what has actually happened in the past, instead of relying on guesses.
You pick the win rate you're comfortable with, for example, an 80% chance of keeping the premium. The tool then shows you the price range the stock has historically stayed inside at that win rate through upcoming expirations.
This gives you a much clearer idea of where to place your short strikes, based on how the stock has actually moved in similar situations in the past.
Choose a target probability of profit, and the price range automatically adjusts to match.
Shows the actual price range the stock has historically stayed inside through each upcoming option expiration.
A closing-price range and a wider intraperiod-touch range plotted together.
Combines historical price behavior with implied volatility to show whether current options are expensive or cheap versus history.
Choose the probability of profit you want to trade at. The tool updates the historical price ranges to reflect how often price has stayed inside those boundaries in the past.
Examine the upper and lower boundaries for each upcoming expiration. Use these levels to help place short strikes outside the range price has historically respected at your chosen win rate.
Select the Close range if you plan to hold through expiration, or the wider Touch range if you're concerned about being tested during the period. Match the view to how your strategy actually gets stopped out.
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interested in learning more about our tools.