CHICAGO--(BUSINESS WIRE)--tradeMONSTER, the online broker for Proactive Investors, reported today that it launched two new in-depth analysis features in its tradeLAB, an industry leading set of options analysis and visualization tools. Option traders will be able to simulate market scenarios and assess risk in more sophisticated ways, making it easier to analyze options strategies before placing their trades. With the addition of these new features, tradeMONSTER continues to raise the bar on options strategy testing and analysis by delivering professional trader capabilities and tools to its clients.
“We are committed to providing our customers with the most professional grade analysis tools on the market,” said Jim Swartwout, President of tradeMONSTER. “Providing customers with another level of sophisticated analysis before placing their trades helps them become more disciplined and educated in their trading process.”
Leg-by-Leg Implied Volatility Forecasting for Spectral Analysis
With this new tool, option traders now have greater ability to test option strategies against more complex volatility changes down to the individual option legs. Leg-by-leg volatility forecasting will allow traders to perform “what-if analysis” by imputing changes in implied volatility for each leg of any multi-leg spread. This flexibility will make it easier for option traders to test their strategies for changes in the volatility skew or scenarios around earnings events. Investors can get an in-depth graphical view of their strategy using the leg-by-leg IV forecasts by viewing Snapshot Analysis or Spectral Analysis in the tradeLAB.
Risk Profile Overlays for What-If Analysis
Option traders can view detailed risk profile graphs comparing their adjusted strategy overlayed against their starting strategy simultaneously to help analyze how the trade makes and loses money over time. Clicking on any point of the graph will show the Theoretical Price and Theoretical P/L now and at expiration.
“With the additions to tradeLAB’s intuitive suite of analytical tools we are taking the customer experience and ease of use to another level by narrowing the difference between professional and retail traders,” said optionMONSTER Co-Founder and CEO, Dirk Mueller.
tradeLAB’s analysis features were built around tradeCYCLE, a proactive and disciplined way of approaching the investment process which revolves around steps for understanding the risk and rewards of every trade placed. These new analytical tools help give graphical views of how trades will profit and lose over time even before placing the trade, providing a more disciplined approach to trading.
Barron’s praised tradeCYCLE, tradeMONSTER’s innovative and systematic investing process, saying: “Our favorite feature is the tradeCycle, which guides you from selecting an item to trade all the way through closing the position.”1 The innovative trading tools in tradeCYCLE allow customers to find on-target options strategies, adjust trades and research new trading strategies with a single click – just a few of the features offered in tradeCYCLE.
About tradeMONSTER
Launched in 2008, tradeMONSTER, at www.trademonster.com, is setting a new standard of excellence and innovation in the online brokerage industry. tradeMONSTER is the first online broker to deploy a streaming desktop-like trading experience in a web-browser. tradeMONSTER features a dynamic, and customizable interface, integrated investor education, transparent commissions and an extremely knowledgeable and dedicated customer service team. tradeMONSTER’s technology team prides itself on constant customer driven innovation and currently has 4 patents pending for one-of-kind investment tools embedded on the tradeMONSTER platform. The company’s management team comprises former executives at Schwab, Fidelity, optionsXpress, ThinkorSwim and E*Trade, with an average 20 years of brokerage experience.
About optionMONSTER
Co-founded in 2006 by Jon (‘DRJ’) Najarian and Pete Najarian, a pair of professional traders, financial executives, and CNBC contributors, the optionMONSTER Group of companies provides tools and information intended to narrow the gap between self-directed and institutional investing. optionMONSTER's unique perspective marries high-tech analysis of the day's market activity to the pro trader's insights and makes it accessible to everyone. At www.optionMONSTER.com, the Chicago-based company delivers news and analysis, educational resources, and subscription products in the fields of options, equity, and exchange traded funds, helping investors evaluate trading opportunities and make disciplined decisions about their portfolio.
Follow tradeMONSTER on twitter at http://twitter.com/tradeMONSTER
Facebook at http://www.facebook.com/trademonster
YouTube at http://www.youtube.com/tradeMONSTER
+Four Star Overall Rating and Four 1/2 star rating for "Best for Options Traders" from "Making the Right Connection" from Barron´s 3/12/2011. 4 out of possible 5 stars in: Trade Experience, Trading Technology, Usability, Research Amenities, Portfolio Analysis and Reports, and Customer Service and Education. Barron´s is a registered trademark of Dow Jones & Co. © 2011.