Options Strategy Advisor

If you need to simulate options strategies or understand Greeks without paying for real-time data feeds, this gives you Black-Scholes pricing and P/L analysis for 18 common strategies from covered calls to iron condors. It pulls stock prices and historical volatility from FMP API but works offline too if you input vol manually. The earnings integration is smart: it can suggest straddle plays before announcements by combining pricing models with the calendar data. Best for education and what-if scenarios rather than live trading, since it uses theoretical European pricing that may undervalue American options. The strategy library is thorough enough that you can compare protective puts against collars or size an iron condor position with actual Greeks exposure calculations.