This is a profit calculator that I created to help me predict my exit with Call option Positions. This can also be used for Puts, but I primarily do Long Calls.
All you have to do is run the python file in your command line and enter in the desired inputs.
The first thing you want to do is run the python file using python3 script.py in your terminal, or set a shortcut using a key word. If you want to exit, use ctrl/cmd+z.
First start by entering a Ticker name. This is just for tracking in the future if you want to enter multiple strategies and choose the best one.
Enter in the premium purchase price, or the amount you want to purchase your option call for.
Enter in the total amount you are willing to put at risk. Note, not all of this money will be used, but this is the maximum amount of money you are willing to put at risk to purchase x amount of contracts.
You can calculate how you want to gain from the position you intend on getting into. NOTE, this is not based on the amount you intend to make, it is based on the amount you intend to have after the trade
The QUICKSTATS portion combines all of these into an area you can quickly take a glance at.
Black Scholes Price calculator where you can put in more exact data. Calling yfinance library to get the greeks and calculate the exact price with respect to time of a position to predict what is the optimal price to enter into a trade.
Once barebones is finished in Python, create a web app where users can create an account and keep a log of trades. Thre they can indicate what worked out for them, and a journaling feature can be made.