Hoadley Options Strategy Evaluation Tool 1.0

Hoadley Options Strategy Evaluation Tool by Hoadley Trading & Investment Tools is an Excel-based application for designing, analyzing, and comparing multi-leg options strategies on stocks, indexes, and futures. Built on the Hoadley Finance Add-in for Excel, it provides professional-grade analytics in an accessible spreadsheet environment, helping traders visualize risk, assess probabilities, and make more informed decisions before placing trades.

Key capabilities:

• Build and evaluate custom or template-based strategies (e.g., spreads, straddles, strangles, butterflies, condors, calendars, diagonals).
• Plot profit/loss and risk graphs across time, from today through expiration.
• Calculate and display Greeks (delta, gamma, theta, vega, rho) to gauge sensitivity to price, volatility, and time.
• Run what-if and stress tests by adjusting underlying price, implied volatility, time to expiration, interest rates, and dividends.
• Estimate probability of profit and break-even zones using implied volatility–based distributions.
• Model American and European options, including dividends and early exercise effects, using robust option pricing methods.
• Incorporate volatility skews and term structure in strategy analysis.
• Enter data manually or link to external data available via Excel.

Who it’s for:

• Active retail traders, options strategists, and educators who want transparent, flexible, and repeatable analysis within Excel.

System requirements:

• Microsoft Excel for Windows and the Hoadley Finance Add-in for Excel.

Hoadley Options Strategy Evaluation Tool is developed by Hoadley Trading & Investment Tools. The most popular version of this product among our users is 1.0.