What Portfolio Armor for iPhone is:
An iPhone app that helps investors hedge their stocks and ETFs with put options.
How it works:
You enter your stock or ETF position, and the maximum downside risk you are willing to accept for it. Then, using its proprietary algorithm, Portfolio Armor shows you the optimal put options to buy for you to obtain the level of protection that you want at the lowest price.
Why use Portfolio Armor?
To find the optimal puts to buy to give you the level of protection you want at the lowest possible cost. Portfolio Armor uses its proprietary algorithm to instantly sort through and analyze all of the available put option contracts for your stock or ETF, taking into account multiple factors including premiums, strike prices, time to maturity, and the number of shares you hold in the security, and presents you with the optimal solution: the put option contract (or contracts) that will give you the level of insurance you seek at the lowest cost.
About Portfolio Armor’s proprietary algorithm:
Portfolio Armor’s algorithm was developed by an all-but-dissertation Ph.D. candidate in finance. It is model-independent and does not rely on any parametric assumptions, so there is no chance of model error.
Using the following TRKD API's:
- Market Data from global major exchanges and indices