Parity

By Parity

Overview

Parity helps self-directed investors model and compare illustrative defined-outcome options strategies using current market data. Choose a security, time horizon, and desired outcome parameters. Parity identifies an available expiration and options structure, then explains the estimated cost, downside protection, upside tradeoff, dividends, and liquidity in plain language. Parity provides educational analysis only. It does not provide personalized investment advice, choose investments for users, connect brokerage accounts, or execute transactions. Results are illustrative and depend on market prices available when generated.

Tools

model_defined_outcomes

ChatGPT

Model Collar, Buffer, Covered Call, and Protective Put outcomes for 100 shares of one U.S. stock or ETF using available market data. Returns available strategies, option expirations, strikes, executable bid/ask estimates, secondary midpoint estimates, aggregate estimated dividends, downside terms, upside terms, and liquidity data. Dividend schedules and forecast dates are not provided. Requires authenticated Trade Builder access. This tool does not connect brokerages or execute trades.