Options SL/TP Price Projection Sim + Day Trading/Scalping Tool

https://www.tradingview.com/chart/eTIG4xJV/

📌 What this indicator does

This indicator projects what your option contract will be worth when the stock reaches your Stop Loss or Take Profit — before price gets there.

Instead of guessing:

• “How much will this option be worth if price hits my stop?”
  
• “Is this move actually worth the risk in option dollars?”
  

You get instant, realistic option price estimates at your exact stock levels.

⚙️ How it works (simple but powerful)

The script uses a local delta + gamma approximation to estimate option price changes:

• Delta → linear price sensitivity
  
• Gamma → curvature for fast moves
  
• Optional execution friction → realistic fills
  
• Automatic Call / Put detection via delta sign
  
• Enforced $0.01 minimum option price (real market behavior)
  

This is not a slow academic options model — it’s a trader-grade approximation designed for speed and clarity.

🚀 Designed specifically for DAY TRADING

This tool is optimized for:

• Options scalping
  
• Momentum trades
  
• Breakouts & flushes
  
• 0DTE / weekly options
  
• Holding times ~3–15 minutes

Why it excels here:

• Delta + gamma dominate option pricing on fast moves
  
• IV and theta usually don’t have time to fully reprice
  
• You get actionable numbers, not theoretical noise
  

This is exactly the environment most option day traders operate in.

🧠 Key Features

✅ Projects option price at BOTH SL and TP
✅ Works for calls & puts automatically
✅ Enter any two stock levels — script assigns SL/TP correctly
✅ Clean, black HUD table (no clutter, no moving drawings)
✅ Non-draggable, stable price levels
✅ Minimal inputs — no overengineering
✅ Built for speed under pressure

🎯 Why this is effective

Most traders manage risk in stock points, but trade options.

This indicator bridges that gap.

It lets you:

• Judge true risk/reward in option dollars
  
• Avoid “looks good on the chart, bad on the premium”
  
• Compare setups objectively
  
• Size trades more intelligently
  
• Make faster, more confident decisions
  

It’s especially useful when spreads, gamma, and fast tape make intuition unreliable.

🧼 Philosophy: Clean > Complicated

This script intentionally avoids:

1. Full Black-Scholes modeling
   
2. IV forecasting
   
3. Overloaded settings
   
4. Visual clutter
   

Instead, it focuses on what matters for day traders:
“If price gets here quickly, what should my option be worth?”

⚠️ Important Notes

• Best accuracy for fast, clean moves
• Not intended for multi-hour holds or swing trading
  
• Assumes relatively stable IV over short horizons
  
• Execution friction is configurable to match real fills
  

Used correctly, this becomes a powerful decision-support tool, not a prediction engine.

✅ Who this indicator is for

1. Options day traders
   
2. Scalpers
   
3. Momentum traders
   
4. Anyone trading options off stock price levels
   

If you trade options intraday and manage risk using stock levels, this tool was built exactly for you.