For options traders · Stocks and ETFs
Stop paying more for options than they’re worth.
Trade direction or trade volatility. Take a view on the move from fundamentals, technicals and market context, or trade implied against realized volatility with the delta hedged to zero. Either way, see whether the market is overcharging you before you trade.
Two ways to trade · options traders
LIVEIllustrative example.
Options engine · prices every strategy
LIVENVDA Bull call spread 415/425
Debit · 22 days to expiry
Edge
+13.4%
Profit chance
52%
Expected value
0.48
Market charges less than fair value: the structure is cheap.
Illustrative values for the strategy selected.
Directional · mispricing
See the overcharge before you pay it
Once the move is called, every directional structure that fits it is priced against our own volatility surface and compared with what the market is charging. The gap shows as an edge %, with the probability of profit and expected value beside it.
- 01Fair value vs market price on dozens of structures per ticker
- 02Positive edge flags cheap longs, negative edge flags rich premium
- 03Strategies chosen to fit the call on the move, not volatility alone
Volatility · earnings
Earnings is where traders overpay most
Retail traders lose 5 to 9% on average around earnings, and 10 to 14% when a big move is expected, by bidding up options, paying wide spreads and holding after the print. This is a volatility trade, not a directional one: the question is whether the move is priced too big or too small.
Source: de Silva, Smith and So, “Losing is Optional.” Summary
- 01Implied move against what each name actually did on its last prints
- 02Sell rich event volatility with the delta hedged, so the result depends on the size of the move, not its direction
- 03Exit alerts so you don’t hold through the volatility crush
Earnings · implied vs realized move
LIVEIllustrative history for the ticker selected.
Volatility · delta hedge
LIVELong 10 at-the-money straddles at 40% implied vol. No view on direction: the delta is hedged back to zero every day.
Stock price, 10 days
P&L · dots are the daily hedge trades
WHERE THE HEDGED P&L CAME FROM
The stock moved more than the 40% you paid for. Gamma earned more than theta cost, and direction played no part.
Illustrative. Hedges are proposals; you approve each one.
Earnings straddle · delta-hedged
Then hedge the delta, and keep only the volatility
Sell the rich straddle into the print and hedge the delta every day. Direction drops out: the result is the volatility you sold against the volatility the stock delivers.
- 01Each day’s hedge trade proposed in shares, for your approval
- 02P&L split into gamma earned and theta paid, so you see why it worked
- 03Toggle whether the stock moves more or less than priced
Blueprints · always watching
Know when to get out
Holding too long is the other half of the overpay. Save a setup and it re-runs on schedule, alerting you when it’s time to enter, adjust or exit.
- 01Any Scout scan, Deep Dive setup or position can become a Blueprint
- 02Conditions checked on every run, with what held and what broke
- 03Push, SMS or email the moment it fires
Blueprints · re-runs on schedule
WATCHINGNVDA · entry conditions met (6/6). Time to enter.
Illustrative alerts. Push · SMS · Email.
Wondering how this compares with Moontower, SpotGamma, Unusual Whales or Market Chameleon?
See the comparison →FAQ
Is the data real-time?
Depending on the data, it refreshes every 5 minutes, every hour or at the end of the day. StockAgents is built for positions held days, weeks and months, not for high-frequency trading.
What is “edge”?
The gap between what an option trades for and what our model says it should trade for, given the volatility surface and term structure. Positive edge means underpriced, negative means overpriced.
Which tickers does it cover?
Stocks and ETFs with listed options. Run a scan across the universe or point a Deep Dive at a single name.