View OptionStation Search Demo

It's as simple as telling the program how much money you're willing to risk, what underlying asset you're interested in and how long you would like to hold on to the position. Once you've decided on your outlooks and assumptions for your search, you can sit back and watch as The Position Search Wizard automatically sorts through thousands of possible options combinations based on the selections that you indicated.

OptionStation Search not only uncovers the top options positions available based on your own market assumptions, but also outlines how to execute them. When your Position Search is completed, OptionStation Search will report back a list of the top 50 positions. From these top 50 custom-tailored positions, you can then choose the ones that suit your trading style best. Each position will be ranked in order of potential profit and based on the specifications of the market ideas that you have provided. The Position Search results will also give you a variety of valuable data like the theoretical profit and loss, the maximum loss and gain, as well as details like the strike price and premium price for the options that make up each position. You can also rank the OptionStation Search results by Theoretical P&L %, Probability of Profit, Probability of Assumed Target Price, Max Gain Return or Max Loss Return, so you can easily find options strategies to fit your criteria (new for TradeStation 8.2).