For those who are not trading options, you can skip this article.
Disclaimer: I am not encouraging anyone to do options trading. Just sharing that if you are, StocksCafe now supports it as well.
Over the years, there have been various requests for StocksCafe to support Options trading, and I know that some users use the “Other Assets” feature to track options.
Over the last few days, I spent some time to build out a Minimum Viable Product (MVP) to support options transactions more natively. There are however, various limitations that I would like to highlight in this MVP.
- No options pricing data
StocksCafe does not have any (whether daily or delayed) options pricing. This means that any computations can only be based on strike price, premiums, and close price of the underlying asset.
- Supports only options on Stocks supported by StocksCafe
This means that not all options are supported unless the underlying asset is supported in StocksCafe. Specifically, you might not be able to input transactions of Index options. If this is a serious limitation for you, please reach out to me and we can discuss more about it.
- Options feature is still quite isolated
In order to quickly release this feature, I have specifically designed this feature to be quite independent from other parts of StocksCafe for simplicity. Of course, there are plans to have it more integrated with other parts of StocksCafe in future.