The Ninja Spread’s latest update introduces a powerful new tool for options traders – the Custom Ratio Spread Scanner. This innovative feature is designed to simplify and streamline the process of identifying and analyzing ratio spreads. Here’s an overview of the key new features and functionalities that this tool brings to the table.
Enhanced Spread Type Selection
- Broader Range of Ratio Spreads: The scanner expands the range of searchable ratio spreads. Previously, traders were limited to standard spreads like 1/-2 or 2/-3. The new version includes advanced spreads like 3/-4, 4/-5 1/-1/-1, 2/-2/-1, and even more complex combinations.
Flexible Search Parameters
- Customizable Strike Differences: Traders can specify the strike difference, a critical aspect of ratio spreads. The ability to set this parameter to any value, including zero, opens up a world of possibilities, scanning through all potential strike combinations.
- Days to Expiration: The tool allows for filtering spreads based on their expiration date, providing flexibility to suit different trading strategies.
- Front Leg Range and Net Delta: The scanner offers options to define the range for the front leg of the spread and ensure a flat net Delta, crucial for balancing risk and reward.
Advanced Analysis Tools
- Break-Even Points and Cost Analysis: The scanner not only finds suitable spreads but also gives detailed information about their break-even points, cost, and the range between break-even points.
- Risk Graph Visualization: A particularly useful feature is the risk graph, which visually represents the potential outcomes of a strategy, aiding in better decision-making.
Versatile Search and Alert System
- Comprehensive Search Capabilities: Whether it’s a search for specific spread types or a more open exploration of all available options, the scanner is versatile enough to accommodate various search criteria.
- Custom Alerts for Specific Scenarios: Traders can set up alerts for particular spread types or configurations. When these spreads become available in the market, NinjaSpread sends an email notification, ensuring traders don’t miss out on potential opportunities.
Usability Enhancements
- User-Friendly Interface: The updated interface is designed for ease of use, making it accessible for both novice and experienced traders.
- Real-Time Data and Sorting Options: The tool provides real-time data and allows sorting results by different criteria, aiding in quick analysis and decision-making.
Video walkthrough
Conclusion
The Ratio Spread Scanner in Ninja Spread marks a significant advancement in the realm of options trading tools. It’s not just a feature enhancement; it represents a fundamental shift in how traders can approach ratio spreads. With its comprehensive search capabilities, detailed analysis features, and user-friendly design, this tool is poised to become an indispensable asset for traders looking to maximize their strategy efficiency and effectiveness.
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These new features underscore NinjaSpread’s commitment to providing innovative and user-friendly tools for options spread scanning. By giving traders the ability to tailor their strategies according to their risk tolerance and market expectations, NinjaSpread continues to lead the way in delivering cutting-edge solutions for options trading.
The update is now live, and we encourage all traders, whether seasoned or new, to explore these features and see how they can enhance their trading experience. With NinjaSpread, the power to manage your options spreads is literally at your fingertips.
Stay tuned for more exciting updates from NinjaSpread as we continue to enhance our platform to better serve the needs of our trading community.
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