Option Strategies Android App Review
The most important asset to have in order to do well in financial markets is information. This helps you in maximizing the returns and stay away from losses. Developed by LWDevSolutions, Option Strategies for Android is a financial app that is tailor made for option traders. The app provides up-to-date info on option prices alongside analysis and save options. You can download Option Strategies app for free from Google Play Store.
Features
Option Strategies app for Android makes life a bit easier to option traders. In the app, users can view option chain prices, historical volatility, volume, ETF price, theoretical price, underlying stock price, vega, rho, delta, gamma, and implied volatility. You can save ETFs for quick viewing and frequently viewed stocks. The design is a bit Spartan and hence, experienced traders will be more comfortable with the interface than someone who had just started out. The primary aim of the app is to provide traders the critical info they need in a precise format, and not satisfy every type of user in the domain.
Option Strategies Android app has some unique features. For example, users will be able to have a look at the underlying stocks through charts and then analyze potential option strategies accordingly. You can check for ETFs and stocks that are being traded on major stock exchanges. Subsequently, you can simply include option positions based on the strikes listed and months. All market prices, which are related to the chosen options and underlying stocks, will be displayed. Further, users will get theoretical option prices along with cash layout. You’ll also be able to get a better insight of gains and losses along with time as a function of saved position. Based on the info, users can take required measures. The app is also a handy tool for anyone to learn the tricks in the trade. For example, amateurs can learn about option strategies with the aid of built in option strategy library. It features 26 different option strategies, all explained in detail. Option Strategies app requires Android 4.0 or higher.
Conclusion
Option Strategies for Android is one of the best tools available for option traders in Google Play Store. From the app, you can quickly find out theoretical prices, volatility, quotes and all the Greek letters that are related to options trading. The unique library with in-depth explanations of 26 different trading options comes handy to less experienced users. The UI is however designed for the professional. Amateurs will find it difficult to follow the interface initially. The app is also stable. Check it out if you’re serious about option trading.
Category: Free Android Apps
