Advancement of AI and the Future of Optactic

First I’d like to confirm Optactic won’t change its monetization plan. So you can still upgrade to Pro with a one-time life-time payment. No subscription. No extras.

Secondly, with the advancement of AI. Now I can add new features, fix bugs and improve Optactic faster than ever. You’ll soon see many improvements to this app delivered at a faster speed. If you have any ideas please don’t hesitate to let me know.

The first new feature coming soon is PMCC (Poor Man’s Covered Call). It’s similar to the current strategy with follow-ups. But it’s tailored to covered call strategy. It will keep track of the net cost change of the LEAP call/put. It will also have some analytics tools to improve the strategy and trade analysis. The exact analytical tools are still being defined. I’m running several covered calls/puts these days simultaneously, so I do see the benefit of this feature. (yes, I’ll test it on myself first).

I’m encouraged by our app’s downloads and conversion rate. Thanks again for your support. This will keep me going.

Changing Pricing Model

After experiment with various pricing models. I have decided to go back to the old freemium + one-time purchase upgrade. The reason is that the market for Options trader is small. And the app is reaching its maturity, which means development will be slowed down. So subscription model cannot justify this. This will be implemented in the coming weeks or month. I don’t have a exact date. I believe Apple or Google will let you use the app until the end of subscription if you already have one. If not, please email me with any problems.

Optactic 2.4.3 is released

In 2.4.3 we fixed some critical errors associated with profit calculation. We also improved put price estimate and fixed some bugs related to exit plans. We added hundreds of unit tests to make sure margin of error is within 1/10th of a cent.

2.4.3 also introduced new feature for Exit plans. When designing an exit action such as adding, closing or rolling an option, user can also adjust action date and the stock price, volatility on that date. This allows user to experiment and find the best scenario for his desired exit plan.

We constantly improve this app and release new versions. App update is automatically enabled by default on iOS, so you don’t need to worry about it. Otherwise please don’t forget to turn on automatic update. The size of the app is small, just around 20 MB.

An issue related to Exit Plan is found in 2.4.2

This issue only affects overwritten costs. If you overwrite the cost of your strategy, when you close a position or roll an option in the follow-ups, the profit calculation (including the chart) is not correct. An emergency fix is applied. You will see the fix in the next version 2.4.3 in the coming week. Sorry for the inconvenience.

If you found any issues, please don’t hesitate to report to me through support@optactic.com or the in app suggestion box. We’ll post any serious issues that might impact your trading and profit in this forum. Other minor issues will be prioritized according to severity.

We are building something exciting

We are making some major changes to Optactic. In order to have a lesser impact on customers, we temporarily pull the apps off most of the countries except Canada. We will launch Optactic 2.0 soon, and you’ll be excited about some of the new features, such as.

  • Optactic will become free.
  • User of free version can use all the strategies. The only limitation is number of strategies one can create and some of the most advanced features are locked.
  • Rank strategies by greeks or profits.

Hope you’ll like these features. Please send us feedbacks on what kind of features you would like to see. Feedbacks are very important to us. Thanks.