Option trading routine is quite risky. It is not easy for everybody, as well-known for all users of the options trading software. It's officialy recommended that all option traders must learn the huge brushure before they start trading.
So what is the point? Options trading is the most sophisticated trading type, that's why options trader should be very sophisticated. Moreover stock trader is just a student if compared to an option trader who is a wise and experienced PhD.
This difference is also hidden in the trading software applications. Options trading software has equal set of components as stock software does. Especially, charting, risk management, technical analysis, etc. Also options trading software gains more & more professional tools for: volatility analysis, various probability calculations, analyzing profit/loss for the all possible strategies, even 3D charting. That's why it requires a special approach from manifold science areas like approximations calculation, probability theory and math analysis.
For an options trading platform it's not enough to show quotes, chart, Level 2 and then allow users to buy and sell. Before placing any order, even a single-leg one, many values should be calculated. For example, the probability you will gain in custom date if volatility will reach the exact value. Proper options trading software application ought to answer this question and many others in real-time mode.
It doesn't matter whether options trading software is web-based or a desktop. In both cases the listed features should be presented in fot trader can see and analyze important information that will result further in a correct decision.
That is why we are convinced that options trading software should be assigned to the professional team having a precise domain expertise along with experience represented by portfolio. Let's talk about details?
