Post-Exercise Option Value

This indicator visualizes the post-exercise value of stock options for a single underlying symbol.

It calculates what an options position would be worth after exercising, based on the difference between price and strike, and displays how that value changes over time using close, high, and low prices.

What it shows

• Value at Close – post-exercise value using the candle’s closing price
  
• Value at High – post-exercise value using the candle’s high
  
• Value at Low – post-exercise value using the candle’s low
  
• Shaded regions highlight the intrabar range between close↔high and low↔close
  
• Values are floored at $0 when price is below the strike
  

Calculation logic

The indicator uses the following formula:

Post-exercise value = max((Price − Strike) × Units × Multiplier, 0)

This reflects the net value of shares received if options were exercised at the strike and valued at the current market price.

Inputs

• Strike price (exercise price)
  
• Number of units (shares or share-equivalent units)
  
• Multiplier (e.g., 100 for standard US equity option contracts)
  
• Custom value target for alerts
  

Alerts

Optional alerts are available for:

• Price crossing above or below the strike
  
• Post-exercise value crossing above (or below) a user-defined dollar target
  

Alerts are evaluated on bar close and can be enabled individually via TradingView’s alert dialog.

Notes

• Designed for tracking a single ticker
  
• Does not model time value, volatility, or option premiums
  
• Intended for visualization and monitoring purposes only
  

This tool is useful for understanding how the value of an exercised options position evolves relative to price movement.