Option Trading Tools

Virtual Options Trade Tool

CBOE is proud to offer the new, state of the art Virtual Trade Tool designed to let you test your trading knowledge and market savvy without putting any money on the line.

Virtual Options Trade Tool

CBOE is proud to offer the new, state of the art Virtual Trade Tool designed to let you test your trading knowledge and market savvy without putting any money on the line.

paperMoney

paperMoney is our newest free trading tool and provides a great opportunity for options traders of all skill levels to safely explore real-world trading applications and test new options strategies.

VIX Term Structure Data

The VIX term structure illustrates, by maturity, expectations of market volatility conveyed by S&P 500 (SPX) stock index option prices.

TradeBuilder with Trade Analyzer

TradingBlock's new TradeBuilder and Trade Analyzer helps you rank different option strategies by their expected profit/loss or probability of making any profit, and graphically "what-if" their risk-return opportunity under various market scenarios.

Volatility Finder

Searching for a new way to identify potential buying or selling opportunities? CBOE's new Volatility Finder lets you scan for stocks and ETFs with volatility characteristics that may forecast upcoming price movement, or may identify under- or over-valued options in relation to a security's near- and longer-term price history.

Volatility Optimizer

Use CBOE's suite of Volatility Optimizer tools to identify potential trading opportunities and analyze market moves. Check out the following new tools:

• Volume
• IV Index
• Options Calculator
• Strategist Scanner
• Volatility Ranker
• Advanced Options
• Spread Scanner

Options Calculator

The Options Calculator by iVolatility provides fair values and Greeks of any option using volatility data and delayed prices.

Margin Calculator

Visit the CBOE Margin Calculator, an educational tool used to calculate equity and index option margins using various strategies.

ActionTracker

optionMONSTER's ActionTracker displays a small subset of the metrics they analyze to find actionable trades. The basis of their analysis is uncovering the unusual activity that institutional investors create. Their high powered scanners look at every single tick and trade on every US market and run them through hundreds of different metrics, including the ones seen here. optionMONSTER then qualifies the activity in an attempt to pinpoint the optimal trading strategy to employ. Try it out now!

CBOE Complex Order Book

Check out the all new "COBWeb", the CBOE Complex Order Book on the Web. Now you can generate the price and size of CBOE top-of-the-book resting complex spread orders in real-time. Spread types include Combos, Diagonals, Straddles, Pseudo Straddles, Ratio Spreads, Vertical Spreads, and Time Spreads. Also feel free to check out our COBWeb Spread Education Center.

IB Options Brief

View the Top 20 volatility gainers and losers for the past 30-days of trading activity, view put/call ratios and open interest, see comparisons of implied vs. historical volatilities, and much more.

paperTRADE^TM

paperTRADE is a simulated trading system that packs both ease-of-use and exceptionally sophisticated tools. Since trades are simulated, you are not risking real money!