Many thanks for bringing up the much awaited option chain!
I have got a question. How come the IV of Call and Put is same? I have been using this InvestExcel spreadsheet. The only reason the spreadsheet makes sense is because if we back-solve the option price using the calculated IV, the VBA function throws back the same exact option price. Thus, confirming the validity of IV w.r.t. its option price. Have also translated the VBA to AFL and works fine on live data as well.
I have studied BSM not Black’76 and would be highly grateful if you could refer a book or an article for my better understanding.
Please create an I.V. Percentile scanner for the liquid stocks;
To gain some statistical edge, please include Probability% of a Strike expiring ITM alongside the Greeks (demo spreadsheet). Also incorporate the same onto a price-chart such that the ITM Probable Price Range (70% or 90% or whatever as per user’s preference) would show a cone-shaped bell curve after the last price bar and help a trader anticipate the probable range of the underlying;
Although approximated as twice the ITM Prob% (unaware of the actual math), Probability of Touching (POT) can be used to gauge the probability of price hitting a strike in the near future before expiry instead of piercing or breaching it. At-times price moves very strongly against a option seller and often creates a false panic as price (by its nature) tests critical support/resistance which happens to be the sold strike. POT can easily identify these naughty strikes and allow a trader to stay-in the game;
Even if you ignore the above three, please do not ignore this one. Kindly introduce an Option Strategy Chart wherein a trader can visualize the possible Payoff and the theoretical P&L w.r.t. days remaining to expiry after combining several options to form a strategy (for e.g. click here). This will help a trader visualize the possible risks.
Sorry to throw away so many requests, have been seeing too many OptionGururs using Thinkorswim platform and wishing to have something of that sort in India. Not asking for the same exact replica but at-least the good features.
Hope you will prioritize the implementation of these requests, as they will not only boost your popularity as a broker but also convert huge amount of guess-work oriented trading to factual based trading for all.
Many Thanks for reading,
P.S. Great job! Yours is one of a kind tool available to Indian Retail Market. Hope to see the Beta becoming V1. soon.