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  1. Today
  2. In that table the entry is the trading session just before the earning announcement and the exit is the following trading session. So it's entry on T-0 and exit at T+1. You are holding the strategy during earning.
  3. Anderson317

    RV charts : Volatilityhq.com Official Thread

    @Djtux Another question: in the Straddle Table, what are the Returns based on (timing of entry and exit wise)? Are they T-20 to T-0 or something else?
  4. Yesterday
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  6. Kim

    OptionNET discounted offer

    Please refer to the first post of this topic for details. You can have the 10% discount after the trial, but not the free 6 or 12 months membership.
  7. Flameirinhas

    OptionNET discounted offer

    I am in the 30 Day Trial with ONE. Is it still possible to take advantage of this offer? Thanks´ for your help! Regards, Fernando Lameirinhas
  8. austextrading

    Creating Alpha's Tradier/Tradehawk Bundle Package

    Excellent, thanks for confirming.
  9. Yes, that is how I am setup. One must request those documents by email (not able to apply online).
  10. austextrading

    Creating Alpha's Tradier/Tradehawk Bundle Package

    @SBatch, is it confirmed that this deal will apply to an entity/LLC account with Tradier?
  11. They are the atm call and put calendars.
  12. Anderson317

    RV charts : Volatilityhq.com Official Thread

    @Djtux I'm sure its in here somewhere, but I can't find it. On the Scanner, the double calendar RV's, what Deltas are those based on?
  13. tribalblu

    Tastyworks A New Brokerage Firm

    I get what you meant now. I was comparing the same underlying option contracts. At TOS paper trades, when I get a notification that an order is filled I will immediately switch to the Tastyworks apps to see if the actual price of the options at Mid-price of the same underlying is similar or better. Most of the time, the price is lagging behind by a minute or more. It might not be the best way to conduct an actual comparison as I lack a Live TOS account. If anyone has both LIVE accounts, it would be great if you could share here.
  14. TrustyJules

    Tastyworks A New Brokerage Firm

    When there is no volume you could never execute a paper trade at real time prices. Therefore whatever papertrade fill they are giving you is their best guess of what would happen if a trade were inserted in the pipeline. The exception is extremely liquid options of say AAPL or TLT where generally there is continual trading on like for stocks. A lot of our trades however the midprice can be very misleading and in the absence of an actual trade at the moment of your paper trade you cannot be sure that the paper fill is realistic.
  15. tribalblu

    Tastyworks A New Brokerage Firm

    The broker isn't able to grab the best price for separate legs of a straddle from different exchanges?
  16. tribalblu

    Tastyworks A New Brokerage Firm

    I don't get your question..
  17. cwelsh

    Tastyworks A New Brokerage Firm

    They say they're live, but it's not uncommon for me to notice live quote differences between Tastyworks, TOS, and IB. I regularly see that. Part of it can be due to how they display prices (for instance, last time I checked, TOS used the best price for low/high ACROSS option exchanges -- so you might not even get filled at ask on a straddle.
  18. Kim

    IVolatility Tools

    I added it to useful links, thanks fr the suggestion. It is also linked in the main menu under Services.
  19. TrustyJules

    Tastyworks A New Brokerage Firm

    How could they do that outside of very liquid option series?
  20. tribalblu

    Tastyworks A New Brokerage Firm

    Yes I have noticed this too. The Mid price of Tastyworks seems to be nearer the Nat price then TOS too at times. I use TOS paper trading though but from my understanding , orders at TOS papertrading are filled with realtime prices.
  21. 4k de Bernie

    Steady Options Membership

    Hi Kim, I saw that the souscription for Steady momentum is proposed at 59$/month for a limited time. I intend to subscribe but i'm presently traveling (till the 24th of february) and I don't have access to a safe internet connection; So I don't want pay anything through the net for the time being. Until when is the subscription with this rate? Thanks.
  22. SBatch

    TLT Elephant Trades Videos

    AS AN EXAMPLE, HERE ARE THE REAL TIME TRADE ALERTS FOR THE TLT ELEPHANT OPENED ON FEBRUARY 8TH, 2019: I opened the trade: BTO 40 FEB 15, 120 PUTS STO 40 FEB 15, 122.50 PUTS CREDIT OF .50 STO 20 FEB 15, 122.50 CALLS BTO 60 FEB, 15 125.00 CALLS CREDIT OF .40 STO 100 MARCH 22, 121.50 PUTS BTO 100 MARCH 22, 123.00 PUTS DEBIT OF .78 I made an adjustment: STC 15 121.50 PUTS BTC 5 122.50 CALLS BTC 20 122.50 PUTS DEBIT 2.72 I made an adjustment: STO 15 FEB 15, 121 CALLS BTC 15 FEB 15, 122.50 CALLS BTO 15 FEB 15, 123.50 CALLS CREDIT OF .45 I made an adjustment: BTC 4 FEB 15, 122.50 PUTS DEBIT OF 1.33 I made an adjustment: BTC 12 FEB 15, 121 CALLS STO 12 FEB 15, 121.50 CALLS DEBIT OF .42 I made an adjustment: BTC 10 FEB 15, 121.50 PUTS STO 10 FEB 15, 122.50 PUTS CREDIT OF .60 I made an adjustment: BTO 5 MARCH 22 123 PUTS DEBIT 2.20 I made an adjustment: BTC 5 FEB 15, 121.50 PUTS DEBIT OF .15 Up 8.5% for the week.
  23. Kim

    IVolatility Tools: Advanced Options

    Yes. Those are the same tools. Free for our members. $39 for non members.
  24. cuegis

    IVolatility Tools: Advanced Options

    What if/any , is the difference between the free ivolatility tools that are available to SO subscribers and the $39 link that was provided? Are there more tools for the additional $39? If so, what are they? I just read the 2nd email and it looks like the $39 subscription is for non SO members...is that right?
  25. rodbarc

    IVolatility Tools

    Hi Kim, this is great. Can we pin it under Useful links section? Just to make it easy to find it.
  26. Levi Ioffe

    IVolatility Tools: Advanced Options

    At IVolatility, we’ve committed to bridging this gap. We’ve committed to building powerful and easy-to-use tools at prices that average investors can afford. So clearly, when SteadyOptions decided our tools were a good fit for your community, we were excited. Since, we’ve partnered with the SteadyOptions team to bring these tools, at no additional cost, to SteadyOptions subscribers. This article is the first in a four-part series on how you can use IVolatility tools to better your bottom line and make the murky pools of options trading just a bit clearer. Greeks IVolatility tools work on a simple principle: that options prices are influenced by measurable, predictable, and publicly available variables; and using these variables, we’re able to build a deep understanding of what contracts are over or undervalued, which way underlyings will trend, and where an option will finish. But before we can get into the software itself, we need to understand the metrics used to measure the factors that influence options prices: the Greeks. Delta Delta is an estimate of the theoretical change in the price of an option for a small change in the price of the underlying stock, ETF or futures contract expressed as a percentage of the underlying. Delta estimates how much the value of an option is likely to change for a one-point change of the underlying with values ranging from zero to 1. For call options delta is positive so when the price of the underlying advances the option will gain value. Alternatively put options have negative delta and decline in value as the underlying advances. Options closest to the current price, called at-the-money ATM, have deltas close to .50, +.50 for calls and -.50 for puts. Out-of-the money OTM calls, those with strike prices higher than the price of the underlying have deltas less than .50 and in-the-money ITM calls, those with strike prices below the current underlying, have deltas greater than .50. Out-of-the-money puts, those with strikes below the price of the underlying have deltas less than .50 while in-the-money puts, those with strike prices above the price of the underlying, have deltas greater than .50. Option strategies, from a single call or put to complex positions with multiple combinations will always have some degree of delta. Since a single option represents 100 shares of the underlying, an at-the-money call represents the equitant of 50 shares (100 x .50 = 50). A long call spread, long one call and short another will have some positive delta depending upon the strike prices selected. Alternatively, short call spreads will have negative delta. For the 2270 at-the-money the call, the delta is .5166 while the put is -.4811. Gamma Gamma is the estimate of how rapidly delta changes as the price of the underlying changes since it measures the rate of change of delta for a small change of the price of the underlying. Often referred to as curvature it measures the degree of responsiveness to price changes, with at-the-money options, both calls and puts being the most responsive to changes in the price of the underlying. Both have positive values for long options (negative values for short options) that reach their maximums at-the-money and decline for both ITM and OTM options. Here the call gamma is .0048, while the put is .0049. Theta The next column, called theta is the rate of declining option value each day, referred to as the rate of time decay until the option expires. Out -of -the money options without intrinsic value, or the difference between the current price of the underlying and the strike price, have higher theta than ITM money options with intrinsic value. As expiration approaches, the rate of time decay or theta increases noticeably from about 21 days before expiration. Accordingly, weekly options with high theta are favorites for those selling options that expire at the end of the week. Because theta for both calls and put are negative, one way to mitigate time decay is to sell other options against long options such as vertical spreads, ratio spread or Butterfly spreads. Here the call Theta is -.3958 while the put is -.4799. Alpha Alpha is the ratio of Gamma over theta, or the amount of Gamma for a given amount of time decay. Distinguished here from the more common use of Alpha that measures the additional return of a portfolio from its benchmark like the S&P 500 Index, option Alpha attempts to maximize the amount of Gamma for a given amount of time decay. The call Alpha is -.0122 and the put is -.0103 Vega Although not a Greek letter, Vega represents the theoretical rate of change an options price for a 1% change in implied volatility. Since higher priced stocks and ETFs have higher priced options, the amount an option price will change as implied volatility changes will also be higher. In addition, at-the-money options will have higher Vega than both in-the-money and out-of the money options, In dollar terms in-the-money and out-of the money options will be less sensitive to changes in implied volatility. In addition, options with more time to expiration will have higher Vega since with more time there is a greater probability for the price of the underlying to change. The call Vega is 2.8701 while the put is also 2.8701. Because Vega values for both calls and puts are positive one way to mitigate changes in implied volatility is to sell other options against long options such as vertical spreads, ratio spread or Butterfly spreads similar to offsetting time decay. Rho Back to the Greek letters, again in the last column for Rho, the theoretical rate of change in the value of an option for a 1% change in interest rates. Since interest rates have been historically low this Greek received little attention, but that may begin to change. Here the differences are noticeable with the call at 1.1487 and the put at -1.1324. Although unlikely, should interest rates suddenly increase 1% the at-the-money call would increase by 1.1487 while the put would decrease by 1.1324. Notice the out-of-the-money call would increase less 1.0955 vs. 1.1487 while the out-of-the-money put would increase more. The relationship is reversed for in-the-money options, the calls increase more while the puts increase less as interest rates rise, see the green ovals in the data table below. Strategy For the S&P 500 Index, a combination of resistance at the 200-day Moving Average made it unusually sensitive to any negative fundamental news—that news arriving Thursday, February 2nd, on a report of declining German exports, resulting in a revised lower Eurozone growth forecast. The combination created a gap lower opening that ended the short-term uptrend from the December 26 low, thereby increasing the chances for a meaningful retest of the low. Accordingly,we are going to try and take advantage of market conditions with a collar strategy for SPY, the details of which you can find below. As long as the S&P 500 Index remains above the downward sloping trending from the October 3 high and breadth continue to improve, odds favor the bulls. However, last Thursday's gap open lower suggests it may be prudent to hedge longs. Advanced Options provides the data needed to determine just how much of a hedge can be provided by using a collar. SPDR S&P 500 ETF (SPY) 270.47 gained .41 points or +.15% for the week including +.33 points Friday. Interestingly, unlike the SPX it briefly advanced above its 200-day Moving Average last Tuesday, but gapped back below Thursday. Assuming a 100 share long position at Friday's closing prices, how much protection can be expected by using a collar? As a reminder, a collar consists of a long stock or ETF position and short call with a long put. Advanced Options The top section of the data table shows "Feb 09 2019 market close" data has been selected. "The New Version (Beta)" will be looked at another time. The green "20-minutes delayed data" displays updates during the day. Additional details are also provided in the "Companion Guide." The price data includes the 52 wk high and low while stock volume shows there is plenty of liquidity here along with the end of day options volume (EOD Opt Volume) and week average options volume (1WK Ave Opt Volume), with similar data for high open interest. The next section displays volatility data, first implied volatility then historical volatility. Since most analysis uses 30 days for the term they are market with blue arrows. Relative to the 30-day historical volatility at 15.89% (calculated using the annual rate of change method) that has declined from 25.15% the prior week, both the mean call implied volatility index (IV Index %) at 12.90% and the put implied volatility index at 12.86% suggest options are reasonably priced compared to a month ago. The next section with the graphs requires considerable explanation so we’re going to skip it, but if you want more info, check out the "Companion Guide" available on the application page. Since the next monthly expiration will be Friday February 15, going out to March 15 for this trade plan allows more time. SPY has weekly options many so other expirations could be used. The available selections are in this next section with explanations at the “?” marks. Next the heading for the selected March 15 data page. Once again details are provided at the blue “?” marks. This example focuses on the Greeks: Delta, Gamma, Theta and Vega. Starting at-the-money 270 with two strikes below and two above with option prices circled in red and the Greeks in purple. Collar combination: Results are .10 debit, -.8607 negative delta, with the other Greeks mostly offsetting, where Δ = delta, Γ= Gamma (rate of delta change), Θ = Theta (time decay), V = Vega (implied volatility change). For a small debit about 86% of the long ETF risk can be hedged. By selecting other strike prices, the debit amount and Greeks will change. The trade plan should also consider adjustments when the price of SPY changes beyond the selected strikes. Since the objective of this plan was to hedge some portion of a long position should SPY quickly decline to the lower strike near 268 a vertical put spread would add additional downside protection. For example, long a 268 put and short a 260 put. Typically, collars are used to protect gains already made by the stock or ETF, an alternative is to just sell the 272 call for a 3.78 credit an create a covered call. All the data needed for vertical spreads or any other combination are available in Advanced Options. Summary The short-term uptrend from the December 26 low ended last Thursday after news of slowing growth in Europe combined with solid resistance at the 200-day Moving Average the day before turned the S&P 500 Index lower increasing the probability of at least a partial retest of the December 26 low. Collars and other combinations can hedge some portion of the expected pull back. That concludes our investigation into the Advanced Options, but we’ll be back soon. In the next few weeks, we’re going to apply a similar (albeit shorter!) analysis to the rest of our tools.In the meantime, check us out on IVolatility.com, and please direct any questions to the IVolatility Tools topic. All SteadyOptions subscriptions include FREE access to IVolatility Tools ($468/year value). The same set of tools is also available as a Standalone Subscription for non members.
  27. FrankTheTank

    CMLviz Trade Machine

    Its been awhile since I was a member. I think adding in technical indicators was huge because my biggest complaint before was most of their backtested screens just assumed a certain market environment. For example, look how well this low vol. strategy did in 2017 or look how great this long vol. strategy did in October 2018. But now with the addition of technicals you can better isolate and run different strategies during different market conditions. I would really love to see a IV indicator so for example you could test short volatility strategies only when IV is above a point and long volatility when IV is below a point.
  28. Davidkot81

    CMLviz Trade Machine

    I have read about intraday testing, being a really good feature if possible. This is extraordinarily expensive to implement so feature like that would probably necessitate either a premium level of membership required to add more money per month, Ir a possible huge increase in the price for new members. Also what would be interesting to see results of the trade ideas generated emails, and see if there’s an advantage prospectively. If there is, but I think that in and of itself shows the value of the back tester.
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