The Golden Strikes

This morning, I added a feature to my personal app that calculates the best strike for options, relative to the underlying, spot price, Delta/Gamma, and Theta. I call them: “The Golden Strikes.”

The formula is calculated across all strikes and determines which strike has the highest Delta/Gamma-Theta efficiency for both calls and puts, based on the spot price.

I’m extremely proud of it and am excited to see how it works with my PoT (Probably of Touch) feature for OTM options in both directions.