TradingView has introduced a new platform with an options strategy builder designed to enhance the trading experience of its users. Dubbed TradingView Options, this new tool promises to transform how traders approach strategy modeling with flexibility.

Customization and Comparison

According to the press release, TradingView Options allows users to model option spreads. On the platform, traders can select from a handbook of standard strategies categorized by type: bullish, bearish, or neutral. The tool updates the risk profile graph as users switch between strategies, providing a visual representation of potential outcomes.

Traders can adjust key parameters like expiration dates, strike prices, and contract numbers directly on the chart. For those who need more than standard strategies, the tool offers the flexibility to create custom strategies. By clicking the "Create" button, users can name and build their strategies, which then appear on the chart’s left side for easy access and management.

The strategy builder allows for extensive customization, enabling traders to add multiple positions to any custom strategy. Prices, strike sizes, and expiration dates can be modified to align with specific trading goals. Additionally, traders can compare multiple strategies on a single chart. This feature is particularly useful for analyzing performance differences by duplicating a strategy, adjusting its parameters, and plotting both versions side by side.

Contracts from Major Exchanges

Besides strategy building, TradingView Options provides access to raw option quotes and metrics like volatility through the Chain and Volatility tabs. This data is crucial for understanding market dynamics and assessing potential risks, the charting platform mentioned. The tool supports option contracts from major exchanges, including CME, NYMEX, COMEX, CBOT, NSE, and BSE, with plans for further expansion.

Additionally, the Symbol Search feature enables users to switch the options' underlying assets, integrating TradingView Options into the broader TradingView ecosystem. This integration ensures that traders have all the tools they need within a single platform, enhancing efficiency and ease of use.

Recently, TradingView partnered with UK-based brokerage Spreadex to offer spread betting directly from its charting platform, expanding trading options for its users. This integration allows TradingView users, logged into their Spreadex accounts, to access spread betting functionalities directly from TradingView.

Spread betting enables traders to speculate on the price movements of financial instruments without owning the actual assets. The profit or loss depends on the accuracy of the bet and the size of the market movement. In the UK, this form of trading is particularly advantageous as it is exempt from stamp duty and capital gains tax.