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Option Strategist

Options Strategist Overview
Built-in Strategies
Order Entry

The Option Strategist is a powerful analysis tool for development, testing, and application of stock and options strategies. Its easy-to-use interface allows you to test new strategies, manage a growing portfolio, and explore different scenarios with ease. Its versatility and power make it suitable for new, experienced, and advanced traders.

Powerful two and three-dimensional charts for analyzing option strategies
Most popular and effective options strategies built-in
Download free options data
Build your own strategies
Modify built-in strategies

The built-in strategies greatly simplify the process of analyzing options trades by having many of the most effective and popular options strategies built-in to the software. Each strategy comes complete with a graphical representation, an example, and a detailed description explaining the basics of the strategy, in what situations it is typically used, and its risk/reward characteristics. This information is useful for both new traders interested in learning the fundamentals of options trading and more experienced traders looking to implement new strategies.

Dozens of Strategies

Calls
Puts
Straddles
Strangles
Butterflies – Calls/Puts/Iron
Condors – Calls/Puts/Iron
Conversions/Reversals/Boxes

Strategy Window Example

See a complete list of all strategies and descriptions LEARN MORE

Option Strategist provides powerful two and three-dimensional charts for analyzing option strategies. Let's say you wish to purchase a long call on Microsoft stock, currently at $29.15, since your research indicates the stock price will be heading upwards in the weeks ahead. After downloading the available calls, you select to add as a long position a call with a strike price $30. Immediately, Option Strategist will generate a 2D and 3D graphical representation of your strategy.

2D Charts

Perform dynamic analysis
Highly customizable
“What-if” analysis of trades
Compare multiple strategies at once

3D Charts

Explore various relationships
Add additional parameters
Use ZONE view to receive overhead views
Compare multiple strategies at once

The steps to opening and closing a position using the Option Strategist have never been easier.

Opening a Position

1) Enter Symbol
2) Select Strategy
3) Change Strike and Expiry
4) Choose Open/Close
5) Choose Price
6) Choose Debit/Credit
7) Choose Quantity
8) Select Order Type
9) Select Time in Force
10) Select Time Trigger (Optional)
11) Submit the order

IMPORTANT NOTE : Options are automatically exercised if they are 1¢ or more in the money. Please call our trade desk to exercise an option that is under 1¢ in the money.

Securities products are offered through Manhattan Beach Trading Financial Services, Inc. ("MBTFS"), member FINRA, SIPC. MB Trading Futures, Inc. (MBTF) is a CFTC registered RFED and member of NFA. MBTF offers execution and settlement services for futures based products and off-exchange foreign currency (Forex) products. Trading in futures, options and Forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options and Forex because there is always the risk of substantial loss. MBTFS and MBTF are sometimes referred to collectively herein as "MB Trading."

¹MB Trading FX offers two Forex pricing models. Both models employ our RFED to client facing execution system with slightly different pricing and markup models. For purpose of clarity the two pricing models (Plan 1 and Plan 2) both operate on the same technology. The underlying technology is named The MB Trading Electronic Xrossing Network, abbreviated as EXN for the remainder of this disclaimer. The main differentiator between the models is twofold.

A. Difference in amount of markup or markdown of liquidity partner (banks) quotes when displayed to clients.
B. Commission Structure charged to client

Plan 1 or “Pay for Limit” plan employs the EXN technology in a commission model. This model charges a client 2.95 in their base currency per 100k of executed currency for market orders and pays a client 1.95 of base currency for posted, executed limit orders. In the Pay for Limits model, the term "Payment for Limit Order" refers to a non-market order which is not immediately executable and rests on the internal limit order book for some period of time, thus adding liquidity when another order of equal or greater value fills with the resting order.

Free Commission Plan employs the EXN technology in a markup only plan, which means that MB Trading receives a markup embedded in the spread as compensation. This plan does not add an additional commission, does not pay the client a rebate for posted liquidity as Plan 1 does yet does still offer the benefit of allowing the client to post quotes which is displayed to all other clients on Plan 2.

Additional information to note is that “Actual Total Paid to Clients” counter is kept on the company website which displays The Actual Total Paid to Clients currency number which is updated every five minutes and stops counting during the weekend when the market is closed. The number calculates from the launch of Pay for Limits, which was January 31, 2011.

Due to higher cost of business in China, “Get paid for limit orders” is not available for Chinese residents. All Chinese residents have a fee of 2.95 for all order types. Accounts with special commission rates are excluded from Payment for Limit Orders. There is a minimum fee of $0.01 for all Forex and spot trading orders that take liquidity.

MB Trading earned a 4.5 out of 5 star rating in Barron’s 2011 Review of Online Brokers, tying for the top spot overall. The company earned a total of 33.8 points, one tenth of a point under the top score. MB Trading also scored in the top three for separate categories of Range of Offerings, Trade Experience, Trading Technology, Usability, and Customer Service and Education. MB Trading earned a 4.5 out of 5 star rating in Barron's 2010 Review of Online Brokers. The company ranked second overall and tied for first place in the categories of Trade Experience and Portfolio Analysis & Reporting. The company also won the category of Usability. The company also tied for first place in the separate categories of "Best for Frequent Traders" and "Best for Options Traders."

*Real-time Forex Quotes are provided via the MBT Quote API. Quotes are available during platform hours from Sunday at 5 pm EST to Friday at 5 pm EST, except during the scheduled maintenance period from 4:58 pm to 5:06 pm EST. Extended maintenance periods are possible, and messages regarding maintenance are sent via the MBT Desktop, MBT Desktop Pro, and MBT Web 2.0 trading platforms. In addition, MBT begins MetaTrader 4 maintenance at 4:57 pm EST, one minute earlier.

MB Trading provides Google Translation of our website for educational or informational purposes for its international customers. The graphics, applications and some portions of the website are not translated. Customers must bear the sole responsibility of evaluating their regional translation before making any decisions based on such information outside of what the English version of the site represents.