Options Calculator Apps for the iPhone

There are so many options calculators available from iTunes and the App Store, it can be hard to work out the one that suits you best. That's why we've taken a selection and tested them all to compare their features.

Our findings are shown in the table below; hover over each feature to find out more about it and click the plus (+) button to see the details.

More App Comparisons

We've also compared triangle solving apps and algebra equation solver apps for the iPhone.
iPhone App Name FinCalc Lite FinCalc Lite FinCalc FinCalc Options! Options! OptionsEQ OptionsEQ OptionsEQ OptionsEQ Option Pricer
Option Pricer
Developer Ovalkey Super Computer Consulting CalcApps Agarwal Associates
App Version Level Lite Paid Paid Basic Upgraded Paid
Options that cannot be exercised until maturityEuropean Options 2/5 3/5 2/5 4/5 4/5 2/5
Can app calculate results for European options without dividends?No dividend            
Can app calculate results for European options with fixed dividends?Discrete fixed dividends            
Can app calculate results for European options with proportional dividends?Discrete % dividends            
Can app calculate results for European options where dividends are assumed to be paid continuously? Continuous dividends            
Can app calculate the implied volatility (given an observed price)?Implied volatility            
What American Option calculations are available?American Options 0/4 2/4 0/4 0/4 4/4 0/4
Can app calculate results for American options without dividends (because the result is the same as a European option)? No dividends            
Can app calculate results for American options with fixed dividends? Discrete fixed dividends            
Can app calculate results for American options with proportional dividends?Discrete % dividends            
Can app calculate results for American options where dividends are assumed to be paid continuously? Continuous dividends            
What European Barrier Options are available?European Barrier Options 0/9 0/9 0/9 0/9 9/9 0/9
Can app calculate results for a European barrier option that has a continuous barrier check? Continuous barrier check            
Can app calculate results for a European barrier option that has a daily barrier check? Daily barrier check            
Can app calculate results for a European up-in barrier option? Up in            
Can app calculate results for a European up-out barrier option? Up out            
Can app calculate results for a European down-in barrier option? Down in            
Can app calculate results for a European down-out barrier option? Down out            
Can app calculate results for a European barrier option with a fixed dividend? Discrete fixed dividends            
Can app calculate results for a European barrier option with a constant proportional dividend? Discrete % dividends            
Can app calculate results for a European barrier option with assumed continuous dividends? Continuous dividends            
What Exchange Options are available?Exchange Options 2/3 2/3 0/3 0/3 0/3 0/3
Can app calculate results for an exchange option with no dividends? No dividends            
Can app calculate results for an exchange option with discrete dividends? Discrete dividends            
Can app calculate results for an exchange option with continuous dividends? Continuous dividends            
What Binary Options are available?Binary Options 2/3 2/3 0/3 0/3 0/3 0/3
Can app calculate results for a binary option with no dividends? No dividends            
Can app calculate results for a binary option with discrete dividends? Discrete dividends            
Can app calculate results for a binary option with continuous dividends? Continuous dividends            
Can the app use the Black-Scholes formula?Closed Form 1/2 1/2 1/2 1/2 2/2 1/2
Can app calculate results using the Black-Scholes formula? Black-Scholes            
Can app calculate results for continuously sampled barrier options using closed form formulas?Closed form barrier            
Which Lattice Techniques can be used?Lattice Techniques 0/3 2/3 0/3 0/3 3/3 0/3
Can app calculate results using binomial tree lattice techniques? Binomial            
Can app calculate results using trinomial tree lattice techniques?Trinomial            
Can app calculate results using a dual calculation facility (i.e. average of lattice result for N steps and N-1 steps)? Dual calculation facility            
Can app calculate results using Monte Carlo techniques?Monte Carlo Techniques 0/4 0/4 0/4 0/4 4/4 0/4
Can app calculate results using full random number generator for Monte Carlo techniques? Random            
Can user select a starting seed for the random number generator when using Monte Carlo techniques?User seed            
Can user choose to use antithetical pairs of random numbers to accelerate convergence when using Monte Carlo techniques?Antithetical            
Does the app have any other functions?Functionality 2/6 2/6 3/6 6/6 6/6 3/6
Does the app output price results? Price outputs            
Does the app output results for the Greeks?Greek outputs            
Can the user save and retrieve results?Scenarios saved and retrieved            
Are any examples provided with the app?Example scenarios supplied            
Can you use pickers for the inputs?Use of pickers for inputs            
Can the app run on an iPad? (None of these apps are Universal)iPad compatibility            
How much does the app cost? $0.99=£0.69 and $4.99=£2.99 Price Free $4.99 Free $0.99 $0.99 $4.99

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