The Option Price Visualizer is a tool which allows you to plot how the price of an option changes with respect to changes in the price of the underlying stock. |

## Why Use It

The tool can be helpful in devising trading strategies, where you which to quickly determine what the price of an option will be at a specific point in time (such as the open or close of the stock market), based on the likely range of values of the underlying stock at that point.

## How to Use It

__Configure the option__: Enter the **Strike** price for the option, the **Implied Volatility** (or **IV**), and the number of **Days** and **Hours** left from now until expiration.

Alternatively, press to load the **Option Picker**, which will allow you to select a specific option strike from the available stocks and expiration dates and calculate **IV** and the **Days** and **Hours** to expiration automatically.

__Set the range__: Enter the **Start** and **Stop** price for the underlying stock. The option price will be calculated for each price in the range. You can enter a **Step** other than $1, to plot the option price at intervals of less than or several dollars.

Press the button to generate the plot.

## How It Works

The tool utilizes the Black-Scholes model to compute the price of the option for each of the price of the underlying option within the specified range.

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