FairOption vs Options Trading Calculator
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
FairOption
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WELCOME to the FairOption App *** THE GOLD STANDARD OPTION PRICING CALCULATOR (Since 2014) *** Version 3.2 is a super-powerful, easy-to-use option pricing tool completely rewritten using Apple's latest SwiftUI framework, and now available for numerous Apple devices including iPhone, Mac, iPad and Apple Watch. All versions include syncing of your securities data across all Apple platforms you purchase the App. See screenshots here for the main features, and website video for more detail. If you are someone who wants the best option pricing software on the top and most secure Apple platform, then you can do no better than use the FairOption App. FEATURES and BENEFITS: - Fast Option Pricing in a fully interactive, two-way scrollable grid. - Works great in Light and Dark Modes (Plus in Landscape and Portrait orientations on iPhone and iPad). - Greeks are displayed (with descriptions) by a single tap on any option result. - Auto Syncing of securities between your Apple devices. (The App is supplied per-platform) - Comprehensive Help document covering all app features and settings. - Binomial and Black-Scholes pricing models are included. (The Binomial has an adjustable number of calculation steps and is more suited to American exercise-style options. The Black-Scholes-Merton model is better for pricing European options and is adapted for dividend-paying securities) - Included Continuously Compounded Interest Rate calculator for input of the risk-free interest rate parameter. (Extensive explanation contained within help document) - Automatic strike price intervals that can be easily overridden with 1 tap. - Editable default template for all new securities. - Numerous utilities, including for import/export of securities data to a local file (in JSON or CSV format) for spreadsheet analysis, or backup/restore purposes. - Added Demo data utility: to help you get 'up-to-speed' using the 'Quick Start Guide'. - Test Calc mode to set a fixed amount of time to expiry for test and comparison purposes. - No 'in-app' purchases. (It's already 'All-in-there'!) - Designed by main Developer with over 30 years' experience of developing financial and option pricing software. *** Whether you are a Pro Trader, or someone just starting out learning about options, you will find FairOption to be an invaluable tool *** WHAT'S NEW in VERSION 3.2: - Ability to sync across all Apple device platforms you purchase the app - Complete rewrite using SwiftUI (The framework first introduced by Apple in 2019) - Import/Export of Securities data (This facilitates independent local backup and restore via the JSON file format) - Included Demo Data utility for testing and familiarity purposes. - All Option results tables are scrollable in both directions on all devices and fully interactive - Short-term Weeklys and longer-term LEAPS option expiry variants are specifically catered for - Improved, faster switching between Call and Put option results, but whilst still maintaining the current expiry and strike price selection - Included Continuously Compounded Interest Rate Calculator for easy calculation of the risk-free interest rate parameter - Editable default template for all new securities SUPPORT We welcome feedback and suggestions concerning FairOption. Please contact us at support@FairOption.com if you have any problems Our Terms of use: https://www.fairoption.com/terms.php Our Privacy Policy: https://www.fairoption.com/privacy.php Apple's Licence Agreement: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Options Trading Calculator
This tool simplifies options trading calculations for investors. It helps you determine potential profits and losses for various strategies with an intuitive interface and detailed insights. Enhance your trading efficiency and accuracy with this essential financial companion.
- Supports multiple trading strategies (Long Call, Long Put, Covered Call, Cash Secured Put)
- Intuitive user interface for easy navigation
- Detailed input and calculation of key indicators
- Comprehensive profit and loss information
- Projected annual returns calculation
- Educational resources for options trading
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The Option Trading Calculator is an essential tool designed for investors who engage in options trading. This comprehensive application simplifies the complexity of options trading by providing an easy-to-use interface that helps you calculate the potential profits and losses of your trades. Whether you're a beginner or a seasoned trader, the Option Trading Calculator is tailored to improve your trading efficiency and accuracy. Key Features: 1. Support for Multiple Trading Strategies: Long Call: For those betting on stock price increases. Long Put: Ideal for predictions of a decline in stock prices. Covered Call: Offers an opportunity to earn income on your existing stock holdings. Cash Secured Put: Useful for those looking to potentially buy stock at a lower price while earning premium. 2. Intuitive User Interface: The app features a straightforward layout where users can easily select their desired options trading strategy. A clean design ensures that you can navigate through the app without any hassle. 3. Detailed Input and Calculation: All you need to do is choose your strategy and input the appropriate numbers such as strike price, stock price, premium, and expiry date. The app takes care of the rest by calculating various key indicators that are crucial to your trading decision. 4. Comprehensive Profit and Loss Information: The app provides detailed insights into credit received, realized gains or losses, unrealized gains or losses, and total profit and loss (P&L) for each trade. This information is vital for assessing the effectiveness of your trading strategies. 5. Projected Annual Returns: It calculates estimated yearly credits and gains, giving you a broader perspective on the potential annual outcomes based on your trading activities. This feature is particularly useful for long-term planning and strategy adjustments. 6. Educational Resources: For those new to options trading, the Option Trading Calculator includes educational resources that explain various options strategies and terms. This feature is designed to enhance your understanding and confidence in options trading. Benefits: - Time-Saving: Quickly calculates potential outcomes without the need for complex manual calculations. - Accuracy: Reduces the chances of error in calculations, providing more accuracy in your trading decisions. - Convenience: Accessible anytime and anywhere, perfect for traders who need to make quick decisions based on the latest market data. - Strategic Trading: Helps in planning and executing trades more strategically by providing all necessary information at your fingertips. Examples: 1. Buy SPY $515 Call (26d) for $11.25 - Current Price: $520.84 - Expected price at Expiration: $530 - Initial Investment: $1,125 - Break Even: $526.25 - Profit & Loss: $375.00 (33.33%) 2. Buy TSLA $160 Put (33d) for $4.6 - Current Price: $168.47 - Expected price at Expiration: $150 - Initial Investment: $460 - Break Even: $155.40 - Profit & Loss: $540 (117.39%) 3. Sell AMD $165 Call (33d) for $3.06 - Average Cost Per Share: $145 - Current Price: $151.92 - Expected price at Expiration: $160 - Initial Investment: $14,500 - Break Even: $141.94 - Credit Received: $306 (2.11%) - Unrealized Gains: $1,500 (10.34%) 4. Sell TQQQ $46 Put (26d) for $1.51 - Current Price: $51.69 - Expected price at Expiration: $45 - Initial Investment: $4,600 - Break Even: $44.49 - Credit Received: $151 (3.28%) - Realized Loss: -$100 (-2.17%) - Total P&L: $51 (1.11%)
Screenshots
Verdict
The clearest difference is price: Options Trading Calculator at Free against FairOption's $17.99. Options Trading Calculator also leads on iOS requirement (13.4 vs 16). FairOption's advantage is ads (none vs shown). On in-app purchases and device support there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Options Trading Calculator is free to download; FairOption costs $17.99 up front. Neither carries in-app purchases, so what you see is what you pay.
| Parameter | FairOption | Options Trading Calculator |
|---|---|---|
| Price | $17.99 | Free — better |
| Rating | — | 5.0 (1 ratings) — better |
| Positive reviews | — | 50.0% of reviews |
| Number of ratings | — | 1 — better |
| Update frequency | Every 23 months | — |
| Ads | No — better | Yes |
| In-app purchases | No | No |
| Monetization | — | Ad-supported |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 16 | 13.4 — better |
| Further details — not scored | ||
| Size | 6 MB | 32 MB |
| Age rating | 4+ | 4+ |
| Developer | Miles Hitcham | An Do |
In-app purchases
FairOption
No in-app purchases
Options Trading Calculator
No in-app purchases
Questions
Is FairOption free?
Is Options Trading Calculator free?
Do FairOption or Options Trading Calculator have ads?
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