TradingView is introducing its newest product — TradingView Options (Beta).
This tool is designed to enhance users’ trading experience with an advanced options strategy builder that can be used to model strategies of any complexity level.
TradingView Options starts with the strategy builder, a tool that enables the modeling of sophisticated option spreads (strategies). Here, you can start with a default handbook of standard option strategies, which can be filtered by strategy type — bullish, bearish, or neutral. As you switch between strategies, the risk profile graph updates accordingly on the right side of the interface, providing a representation of potential outcomes. Key parameters such as expiration dates, spread leg strikes, and the number of contracts can be adjusted directly on the chart.
If standard strategies aren’t enough, you can use them to create a custom one. Simply click the “Create” button, name your strategy, and start building. Once created, your custom strategies will be listed on the chart’s left side. There can be any number of custom strategies — add them from the handbook or by copying existing ones.
The strategy builder lets you add multiple positions to any custom strategy, and you can modify prices, strike sizes, and expiration dates — all to make sure each strategy meets your trading goals.
The strategy builder also allows comparing multiple strategies on a single chart. For example, you can duplicate a strategy, adjust its size, and plot both versions to analyze performance differences.
In addition to strategy building, TradingView Options provides access to raw option quotes and essential metrics such as volatility and greeks through the Chain and Volatility tabs. This data will help better understand the options’ market dynamics and potential risks.
When it comes to switching the underlying asset of your options, all you need to do is to open the Symbol Search. Currently, TradingView Options supports option contracts from CME, NYMEX, COMEX, CBOT, NSE, and BSE exchanges, and TradingView plans to expand this list.
