For purposes of illustrating options strategies, commissions complicate the basic math. That is why we have selected a default value of zero. These worksheets offer you the chance to see how commissions might factor into the bottom line. You may have entered assumptions that aren't consistent with the strategy and scenario you are working on. You may have uncovered a programming error which did not turn up in our testing process, and we would welcome the chance to correct the problem.
Charts can be the quickest way to communicate the effect of an options strategy.
The Excel worksheets are designed to run on Microsoft Excel version 5.0 and newer. You have that option when you exit the worksheet file. The worksheets work the way they were intended only on versions 5.0 and newer, or spreadsheet programs that are compatible. You may be able to access limited functionality in older versions. The Java applets are only available for on-line use at the CBOE Web site.