The ONN OptionFinder was developed to help stock traders find alternative investments in the options market. Stocks obviously can go up or down and your target can be bullish — expecting a move higher, or bearish – of the opinion that the stock price will fall. Many traders only trade stock on the long side of the market and are shut out when they believe the market will fall. The ONN OptionFinder can empower you to remain in the game regardless of whether you think the stock is poised to rally or decline. The ONN Option finder simply takes an investor’s idea for an equity trade and quickly suggests some potential option strategies.

Here’s how it works:

• You enter the stock symbol, your target price, and the stop loss you would like to set to limit losses in case you happen to be wrong.
• You also enter a time horizon for this move. Expect a 10% rally in 30 days or a 30% pullback in 10 days? Plug it all in.
• Now let the OptionFinder go to work, looking for long calls for bullish trades and long puts for bearish trades. It calculates your stock idea return on investment using a margin purchase or short sale of stock.

That’s it! It’s an easy way for stock traders to begin to see how options can be a new investing option. Options volume continues to grow each year and you shouldn’t be left on the sidelines. With the OptionFinder Tool, you will easily begin to see where options fit into your stock portfolio.

Try it out and let us know what you think. Send feedback.