opstrat
Python library for visualizing options.
Requirements
pandas, numpy, matplotlib, seaborn, yfinance
Installation
Use the package manager pip to install opstrat.
pip install opstratUsage
Import opstrat
import opstratVersion check
op.__version__If you are using an older version upgrade to the latest package using:
pip install opstrat --upgrade1. single_plotter()
Used for plotting payoff diagram involving multiple options.
Parameters
op_type: kind {'c','p'}, default:'c'
  Opion type>> 'c': call option, 'p':put option
spot: int, float, default: 100
 Spot Price
spot_range: int, float, optional, default: 5
 Range of spot variation in percentage
strike: int, float, default: 102
 Strike Price
tr_type: kind {'b', 's'} default:'b'
 Transaction Type>> 'b': long, 's': short
op_pr: int, float, default: 10
 Option Price
1.a Default plot
Option type : Call
Spot Price : 100
Spot range : +/- 5%
Strike price: 102
Position : Long
Option Premium: 10
op.single_plotter()
Green : Profit
Red : Loss
1.b Input parameters
Strike Price : 450
Spot price : 460
Option type : Put Option
Position : Short
Option Premium : 12.5
op.single_plotter(spot=460, strike=460, op_type='p', tr_type='s', op_pr=12.5)
2. multi_plotter()
Used for plotting a single option
Parameters
spot: int, float, default: 100
 
Spot Price
spot_range: int, float, optional, default: 20
 
Range of spot variation in percentage
op_list: list of dictionary
 Each dictionary must contiain following keys:
  'strike': int, float, default: 720
  Strike Price
  'tr_type': kind {'b', 's'} default:'b'
  Transaction Type>> 'b': long, 's': short
  'op_pr': int, float, default: 10
  Option Price
  'op_type': kind {'c','p'}, default:'c'
  Opion type>> 'c': call option, 'p':put option
2.a Default plot : The short strangle
Options trading that involve:
 (a)selling of a slightly out-of-the-money put and
 (b)a slightly out-of-the-money call of the same underlying stock and expiration date.
spot_range=+/-20%
spot=100
Option 1:Short call at strike price 110
 op_type: 'c','strike': 110 'tr_type': 's', 'op_pr': 2
Option 2 : Short put at strike price 95
 'op_type': 'p', 'strike': 95, 'tr_type': 's', 'op_pr': 6
op.multi_plotter()
2.b Example: Iron Condor (Option strategy with 4 options)
An iron condor is an options strategy consisting of two puts (one long and one short) and two calls (one long and one short), and four strike prices, all with the same expiration date.
stock currently trading at 212.26 (Spot Price)
Option 1: Sell a call with a 215 strike, which gives 7.63 in premium
Option 2: Buy a call with a strike of 220, which costs 5.35.
Option 3: Sell a put with a strike of 210 with premium received 7.20
Option 4: Buy a put with a strike of 205 costing 5.52.
op1={'op_type': 'c', 'strike': 215, 'tr_type': 's', 'op_pr': 7.63}
op2={'op_type': 'c', 'strike': 220, 'tr_type': 'b', 'op_pr': 5.35}
op3={'op_type': 'p', 'strike': 210, 'tr_type': 's', 'op_pr': 7.20}
op4={'op_type': 'p', 'strike': 205, 'tr_type': 'b', 'op_pr': 5.52}
op_list=[op1, op2, op3, op4]
op.multi_plotter(spot=212.26,spot_range=10, op_list=op_list)
3. yf_plotter()
Parameters
ticker: string, default: 'msft' stock ticker for Microsoft.Inc
  Stock Ticker
exp: string default: next option expiration date
  Option expiration date in 'YYYY-MM-DD' format
spot_range: int, float, optional, default: 10
  Range of spot variation in percentage
op_list: list of dictionary
  Each dictionary must contiain following keys
  'strike': int, float, default: 720
   Strike Price
  'tr_type': kind {'b', 's'} default:'b'
   Transaction Type>> 'b': long, 's': short
  'op_type': kind {'c','p'}, default:'c'
   Opion type>> 'c': call option, 'p':put option
3.a Default plot
Strangle on Microsoft stock
Stock ticker : msft(Microsoft Inc.)
 
Option 1: Buy Call at Strike Price 250
 
Option 2: Buy Put option at Strike price 225
op.yf_plotter()
3.b Example: Strangle on Amazon
Strangle:
A simultaneous purchase of options to buy and to sell a security or commodity at a fixed price, allowing the purchaser to make a profit whether the price of the security or commodity goes up or down.
Stock ticker : AMZN(Amazon Inc.)
 
Option 1: Buy Call at Strike Price 3070
 
Option 2: Buy Put option at Strike price 3070
op_1={'op_type': 'c', 'strike':3070, 'tr_type': 'b'}
op_2={'op_type': 'p', 'strike':3070, 'tr_type': 'b'}
op.yf_plotter(ticker='amzn',
exp='default',
op_list=[op_1, op_2])
4. Save figure
Figure can be saved in the current directory setting save=True
Filename with extension has to be provided as file.
If no filename is provided, the figure will be saved as fig in png format.
op.single_plotter(save=True,file='simple_option.jpeg')
Contributing
Pull requests are welcome. For major changes, please open an issue first to discuss what you would like to change.
Please make sure to update tests as appropriate.
Content License
Thanks to
Stackoverflow Community
Ran Aroussi : yfinance
Daniel Goldfarb : mplfinance
