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Showing content with the highest reputation on 05/17/2020 in Posts

  1. 1 point
    Yes. Tasty trade does this too and it drives me crazy when they include AMZN in their limited studies. You would think their team of "data scientists" would catch this and they probably do but I suspect Tom tells them how he wants the results to look and then they scramble around trying to make it fit his narrative.
  2. 1 point
    @yalgaar Take a look at what the tools provide and then make your decision.... ONE offers P&L analysis of option positions, and allows you to enter orders directly from there into certain brokers. Many SO members use it. However, there are certainly other P&L charting tools out there... some may be less robust and don't have the ability to execute trades directly from within them, but they may work fine for you depending on your needs and some of them may even be free (or have both free and premium/pay levels of service). VolatilityHQ and ChartAffair provide RV analysis, specific to SO-style trades. They also offer some backtest and scanners as well as data on pre and post earnings stock price moves. I believe both offer a trial period, so people could try out both and see what they prefer. Optionslam shows earnings info and pre and post earnings stock price moves and straddle moves, as well as some backtests and scanners. It used to have a free level that went back a few cycles and a premium level to went back many years, not sure what is available on the free tier now. The RV charting tools provide quite a bit of the same data that OptionSlam does, so if you have a RV charting tool you'd have to look at OptionSlam to see if the stuff that isn't in the RV tools is useful to you too to warrant paying for it. It's easy to go overboard with tools and wind up buying more than what you use. As you get experience with all of them, you can decide which ones you really need that are integral to your trades. People will have different needs and requirements, so the tools that are integral to one person may not be as important to another. I think a lot of it depends on somebody's knowledge and experience with options trading (greeks, volatility, complex multi-leg trades, etc). The more experience and knowledge you get, the less reliant of a multitude of tools you will likely become.
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