Market XLS Option Scanner helps options traders find trading opportunities in the market. This software plugs into Excel and brings real-time data and option screening to your spreadsheets.
Traders use it to find options trades that fit their criteria and market view. It’s all about what matters, fast.
Features
Market XLS Option Scanner has a bunch of features to make options analysis less painful. The scanner streams real-time options data into your Excel sheets.
You can filter by strike price, expiration, implied volatility, open interest, whatever you want. Screen for covered calls, iron condors, vertical spreads.
Customizable screening templates are included so you can tweak to your style. Visual analytics show up as charts and graphs so the data is way easier to consume.
Historical options data is also included if you want to dig into past market behavior. That can help you spot patterns or just get a feel for how things played out.
Market XLS connects to major options exchanges so the data is reliable. Alerts are built in so you get pinged when your market conditions or criteria show up.
The Excel integration is a big win for many traders. You get to use the spreadsheet tools you already know, just with a lot more market data at your fingertips.
They’ve included educational resources too if you’re new to options trading. Updates roll out regularly to keep up with market and Excel changes.
Costs
Market XLS Option Scanner has a few pricing options. The basic plan is $29/month and has limited features and data.
Step up to the standard plan for $49/month for more screening power and data points. If you’re a pro or just want everything unlocked the premium plan is $99/month for all features, real-time data and advanced tools.
Annual subscriptions are available and actually save you some money. There’s a free trial so you can try it out before committing.
Compared to other options scanners the pricing is pretty competitive. Just a heads up, data fees for some exchanges may apply on top of your subscription.
They’ll sometimes run promos or discounts for new users or special events so keep an eye out for those.
Summary
Market XLS Option Scanner lets options traders analyze trades right inside Excel. You get options data and screening tools without leaving your spreadsheets.
Real-time integration means you’re not wasting time searching for info. The screens are customizable so you can match to your trading style or risk level.
If you’re new to Excel there’s a bit of a learning curve. But if you already know your way around spreadsheets you’ll probably get up and running pretty quick.
Pros and Cons
Pros:
- Excel integration so you can use familiar spreadsheet tools.
- Customizable screening parameters for all trading styles.
- Real-time data so you’re up to date with market moves.
Cons:
- Monthly subscription might be steep if you’re just dabbling.
- You need at least some basic Excel skills to get the hang of it.
- A few advanced features are behind the higher priced plans.
Market XLS Option Scanner is a set of tools for options traders who want to work in Excel.
If you like digging into data, tweaking your own screens and having control over your analysis it’s worth a look.