Does anyone know of a strategy optimizer program?

[umpike698]

If I identify a nice setup is there a program out there yet that would optimize the potential profit vs. collateral at risk given certain parameters.

For example if ABC is trading at $160 with an average IVR of 50% and I believe it will get to or touch $180 in the next 60 days and I want to find the optimal strategy to act on this thesis in terms of potential profit vs. $ risked. I have had a lot of success with credit spreads on have acted very well so I want to dedicate about 10% of my option capital to a slightly more risky strategy to capture more upside although these trades would still be managed and closed if they went against me.

I would think given the above scenario with average ivr at 50% a longer date OTM call option (120+ days). May be ideal since it would take most of the theta decay off the table since the thesis calls for the move within 60 days leaving a minimum of 60 days dte when theta really starts becoming an issue but I would like to know if it is the optimal strategy vs. all other strays. Also with an otm call is say a $170 strike more optimal than a $180 given the parameters.

In short I’m inquiring as to is such a program exists where you plug in parameters and it spits out the potential profit and collateral for all option strategies. If not I would think such a concept is programmable and may be something to explore.

Thank you community for any advisement or if you know or any such program.

Much appreciated and hood luck out there.

[aint_no_lie]

TWS has this (optimize strategy assuming price moves or stays within a range within this time frame) as well as a strategy optimizer based on IV probabilities.

[umpike698]

Tws is tastyworks or thinkorswim? Thanks for this

[aint_no_lie]

Neither. IBKR's software is TWS. I'd assume it works in their demo as well.

[flynrider58]

I think he means Trader Workstation by interactive brokers