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Stop guessing your strike prices. Ground your options trading in historical reality with the Price-History Anchored Strike (PAS) Bands Indicator—the ultimate data-driven add-on for MetaStock.

Developed by Market Taker Mentoring, Inc., the PAS Bands Indicator cuts through market noise to bring pure, mathematical discipline to your option strike selection. Instead of pulling levels out of thin air, this system anchors your trading decisions directly to a stock’s actual historical price range. It gives credit spread and breakout traders an objective, systematic edge that removes emotional bias completely.

Professional Options Toolkit Features:

  • Data-Driven Strike Selection: Automatically pinpoint optimized call or put strike levels for credit spreads based on real historical volatility.
  • Visual Breakout Signals: Core indicator bands plot directly over your price candles as solid blue lines, flashing instant entry triggers when price breaks boundaries.
  • Advanced Shadow Bands: Deploy up to 8 customizable "Shadow Bands" (2 by default) to extend your entry window, map market volatility, and capture exact breakout candles.
  • Deep Customization: Tailor the software to your exact trading style by modifying True Range (TR) periods, haircut percentages, and moving average methods.
  • 5 Major Smoothing Types: Natively supports Simple, Exponential, Weighted, Wilder's Smoothing, and Hull Moving Averages.

What's Included in Your PAS Bands Add-on?

The software instantly installs a complete, professional options analysis suite directly into MetaStock:
3 Specialized Indicators
Includes interactive prompts for easy setting tests
1 High-Powered Exploration
Scan entire indexes (like the S&P 500) for entries in seconds
1 Expert Advisor
Integrates real-time Expert Commentary right on your live charts
2 Ready-to-Use Templates
Professionally styled .mwt workspaces launch in a few clicks
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About Dan Passarelli

Dan is a former Chicago Board Options Exchange (CBOE) floor trader, founder of Market Taker Mentoring, and author of Trading Option Greeks and The Market Taker's Edge. He's been featured on major financial networks for his deep insight into trading strategies.
30 Day Unconditional Money Back Guarantee

After the bonus period, the credit card on file will be charged the monthly subscription fee unless canceled by the cardholder.

Realtime data is delayed by 15 minutes unless exchanges are purchased. Exchanges are not included as part of this trial - exchanges typically incur additional charges and are non-refundable. To view prices of exchanges, please visit our pricing guide.

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