StrategyExplorer (Windows Mobile 5) 2008.10

StrategyExplorer (Windows Mobile 5) 2008.10 is a useful planning tool which is designed for constructing profitable option strategies. It plots intrinsic option values and profit profile vs. underlying stock price for any combination of a stock and up to three options drawn on that stock. Twenty popular strategies are predefined, including synthetics, straddles, strangles, butterflies, covered, protective, bracketed, and arbitrage spreads.

All options are assumed to expire on the same day. StrategyExplorer is great for constructing ratio spreads and learning the most popular combinations, but it does not consider volatility of the underlying stock, dividends, or the time value of money. To move from planning a spread to truly evaluating its profitability, you need more data.

Major Features:

1. A fourth option supports iron butterflies and condors.
2. It's resolution aware, so plots on VGA devices are twice as sharp.
3. Strategies are now defined in an external data file (Strategies.txt), enabling you to add spreads and hedges beyond the predefined set. Strategies.txt can be edited in any unicode capable text editor (e.g. Notepad, Wordpad), so you can internationalize names, adjust values, and swap strategies with friends.
4. Additional predefined strategies include: Short Call Butterfly, Short Put Butterfly, Iron Butterfly, Reverse Iron Butterfly, Long Call Condor, Long Put Condor, Short Call Condor, Short Put Condor, Iron Condor, Reverse Iron Condor, Short Call Ladder, Short Put Ladder, Long Call Ladder, Long Put Ladder, Strip, and Strap.
5. Changes to strategies in the GUI are written back to Strategies.txt upon exit.