I just pushed more tool updates to the options analysis platform on projectoption, which is called OptionLens.
Also, I started a discord channel where you can talk to me directly about the platform if you need help or have questions/suggestions. Join the discord channel here.
Covered Call Roll Analyzer
The first new feature is a CC roll tool which you can access if you have a covered call position. Right-click on the short call in your positions table and you will see 'Call Roll Analyzer':
Which brings up the analysis view:
Covered Call Roll Analyzer
This shows you every call you can roll to for a credit. You can sort by any metric, such as Max Profit Added. Max Profit Added tells you how much more profit you can make after the roll, which is the distance to the new strike + the credit for the roll.
Click on any row to show the details for the roll, and a button to simulate the trade:
Click Simulate Roll to send it to the modeling platform so you can visualize and review it before committing the trade:
This feature also works for Poor Man's Covered Calls and naked short calls. Here's the PMCC roll analyzer on an AMZN position:
Which calculates all of the rolls you can make:
Short Put Roll Analyzer
You can access a similar feature for short puts you have, such as if you're trading cash-secured puts/the wheel.
Right-click the short put in your positions and select Put Roll Analyzer:
And this brings up all of the rolls you can make for a credit. Here I've filtered by Max DTE of 100 (I don't want to roll further than 100 DTE), and sorted by Buffer Added (the additional distance to the new breakeven after I make the roll):
Click any row to see the details and hit Simulate Roll to send it right to the modeler to visualize it:
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