How do I analyze the price target in Option Strategy Lab?

When you first open the Option Strategy Lab, the Strategy Scanner opens to allow you to enter your forecast data.

• In the Strategy Scanner, enter the underlying.
• Define your forecast, including: the range, "price" or "volatility" as the forecast driver, the predicted action of the price or volatility ("drop", "rise", "be rangebound" or "move at least"), the increment and the unit ("%" or "points")…

The Performance Details charts provide a close-up look at the option or strategy selected in the scanner. Use the selector to change the comparison category.

The last trading day is driven by the date in your forecast and can be changed by changing the date in the Performance Comparison or by dragging the date line in the Price Target chart…

Option Strategy Lab is a tool within TWS that allows you to enter your price or volatility forecasts for an underlying and it will return a list of single and complex option strategies that will potentially profit based on the forecast entered.

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Probability Lab is a tool within TWS that allows you to customize the Probability Distribution based on your price or volatility forecast for the underlying ticker.

You can analyze and trade any of the option combinations suggested from your probability distribution…