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Denny's Options Calculators

I'm using Appleworks for my spreadsheets and I have exported them in .xml format (for the Mac challenged).

CALL Calculator

A-Input: Ticker: Stock's ticker symbol
B-Input: Last: Stock's last price
C-Input: Shares: Number of contracts * 100
D-Input: Expiration: Call's expiration date	
E-Input: Strike: Call's strike price
F-Input: Price: Mid point between option's bid-ask spread
G-Calc: Discount: Discount in share price over current price
H-Calc: CAGR: CAGR if called
I-Calc: Cost: Net cost of the shares
J-Calc: Cash: Cash spent
K-Calc: Diem: Cash income per day if called
L-Calc: Year: Cash income annualized if called
M-Calc: Call ticker symbol

I use this spreadsheet to compare the risk/reward ratios of various options by expiration date and strike price. I have a ball-park idea of what works for me which is my starting point: 6 to 12 months to expiration and neat to at the money. In the example I included, LULU closed at 42.92 so I'm using 45, 50, 55 and 60 as the strike price. As you enter each new row you get an idea in which direction you should be seeking.

Once you have entered all the options, sort the list to discard the poor choices (not necessarily in this order):

1- H-CAGR descending: discard anything below your expectations
2- G-Discount descending: this is your safety factor, discard anything below your expectations

Charting:

I-Cost: For those who like chart reading, compare the cost vs. the price chart to see where it falls relative to support levels. I like the cost to be near an important support level assuming it shouldn't go lower.

Diem:

K-Diem: Cash income per day if called
L-Year: Cash income annualized  if called
