Javier

Stan Thanks for you macro, I am trying to set it up but I have very little (to none) knowledge of Python environments, so I’m using your GubHub configurations as a cheet sheet, and have 3 main issues: Installed Anaconda env. successfully. Ok installed IB API successfully. Ok unpacked TradeLogIB.py in my hard drive. Ok issue 1) install ib_insync using “pip3 install .........”???. I cannot figure out how to do this step (I also have ib_insync-master.zip unpacked in my HD). Should I launch this install as an ordinary MS command? (Doesn’t work .... cannot find pip3 cmd) or launch any app to make the installation? Once this installed, rest config seams easy till. .... Issue 2) How to launch this insync and your TradeLogIB.py for the day to day work? Issue 3) I understand You must have, apart of TWS, or IBGateway, and obviously One on, insync an TradeLog also active to make the trades import from One import icon. True? Could you help, please?

Question on Interactive Brokers. I often buy a spread, let´s say for instance an Iron Condor, and later on I would like to monitor/manage it in a different way, let´s say as a Bull Vertical Put Spread plus a Bear Vertical Call Spread. is there any way to rearrange the above IC in the two mentioned Verticals, inheriting all legs features?. I mean, if I set up two Combos (one for the Puts and other for the Calls) dragging IC legs, I lose some features as the P&L, Average Prix, Cost Basis and Market Value of the combination. Thanks in advance.

Thanks, makes some sense, and I buy your very small overhead Tradier reasoning. I have no idea how much rebates mean to any Broker, but what I know for sure is that many of us leave thousand of bucks in commisions in IB, and that is a sound business model. Thus I understand you open your trading account with Apex. Two more questions: 1) Stanislav, anything new regarding non US users?. 2) If Tradier keeps on not dealing with future options, witch of our strategies if any cannot be traded ( specially volatility ones, mainly dealing with ETNs/ETFs)? Thanks in advance.

May anyone who knows well, please clarify who is behind these two businesses (Tradier and Robinhood). sorry but I tend to be extremely careful where I leave my money, furthermore when I do not see a clear business model behind. I believe I have read all posts, here and in Tradier forum, and do not remember an only mention, about the financial stability and warranties of these new brokers. I lived in the past some sad experiences with “extremely “ attractive deals. We all have seen how an apparently well backed product has gone with the wind in a night (VXI) and no tears now. Thanks in advance.

Nice work, can get rid the other web.

I really appreciate too, I was using other Web just to see your table in a graph. Agree if only displaying one "max move" is more relevant. P.D. A simple mention is very appreciated to know something has happened. Thanks Yowster and Sbach for your heads up.

Checking past discussions is point five of my thinking process. Just in case If appreciated by someone my structured way of thinking is, 1) Check potential names to announce earnings next 10-14 days (Kim’s post and other scanner) 2) Check Names, one by one, past strategy used and performance, with more relevance to the last four ones. (SO past performance results blog, I have moved all of them to an MS-excel file to group by any needed concept: date, stock, strategy, %performance .......) 3) See the dominant strategy (with more than 75% positive results) if any. 4) Follow guidelines to trade straddles or calendars (I also have my own guidelines, derived from SO articles and posts for any given strategy) 5) See detailed discussion of n and n-1 cases. Hope it helps.

I have struggled for years with your same questions with absolutely no exit. I have not worked with Optio.... but you will find the same with any other sources you use. My last decision was to look at these figures relatively, I mean they are good to compare within the same platform and see that AAA has a higher volatility than BBB in TOS, at least this comparison uses to be coherent ... and You have to know, let’s say what Youngster is using to split shares as high, medium and low volatility ones. P.D. after all makes no much difference if Today IBM has an IV of 50 or 53 or 52,5. You should conclude that it’s high historically for IBM and will be high in any platform you take. This is my personal view.

Thanks in advance, "Both" ways make sense when you know what is under the waters, after all We talk of difference, thus independent of the stock RV rate. In your 5% or 10% example, the other end would be in the 5,xx% or in the 10,yy%, and difference is 0,xx% vs 0,yy%, is fully comparable as well. Whatever you use is good provided you know what is behind.

Ok understood the divisor, but IMO that is not the daily decay, or average RV loss per "business/calendar" day, as it states when you hover your mouse, what it decays in a day is what decays in a period (just the difference) divided by the number of days. Your figure is more the average percent decay in the period day. (ARVT=0 - ACRV) / ACRV / D, as in your formula, vs (ARVT=0 - ACRV) / D. In my humble opinion second simplest formula is more meaningful, but maybe a moot point.

Am sorry but I am not able to understand you Decay columns of the scanner. Can you give me a help. Let's see with an example: HBAN S. AVGE CUR RV. 6,00% S. AVGE T=0 5,82% D 3 CD 4 DECAY BD (5,82-6,00)/3 = - 0,06 Your table shows -0,75% DECAY CD (5,82-6,00)/4 = - 0.045 Your table shows -0,60% what am missing?

Saw your straddle RV table and it is just what was needed. Thanks.

Yes, of course that point 4) is "average" I just checked your new features, and seem quite promising. Don't bother too much if NE.M. IV is 14,9 or 15,1, it doesn't make much difference to decide if the name is a high or low volatility one. Thanks. I see your site very very useful, and improving daily, at least for SO users. PD. A nice to have feature would be the Straddle vs. Actual Price Effect chart that can be seen under the tab Earnings in marketchameleon.com site. It gives You a good flavor about RV tendency (fi: my bet for IBM next earnings is RV drifting up to a value >= 4,5% with that graph). The idea is to have most of the tools in the same site. Bye and well done.

Thank you, it will be a good help for me. I extract from your scanner shares with 1) Earnings date >7days and <30 days from current. 2) Mean IV<25 (to discard medium/high volatility stocks) 3) current RV < current avge RV 4) (current RV - strangle profits ) current < smallest of the last RV cycles at T=0 4) average IV at t=0 > 90% average RV current (little descendant slope)

In my view, it wouldn't be bad to repeat (duplicate) y axes in the right side of the graph. Very useful when you picture many days. .... And clarify in the second graph the content (fi. Adding the formula). A help or something is urgently needed to understand the graphs.

As You said, take initial IV into BS and Sustract one to the DTE day after day. All rest the same.

I am with You, I see the value of your chart and appreciate, but I miss the Multi-cycle RV charts too.

No in this case delta is the greek

I also subscribed it and looks very well, easy and powerful.

Thanks Kim. Ophir you show an interesting tool indeed, but I'd like share with you some thoughts. I'm used to backtesting and systematic trading in the futures World, and miss some important features in all options app I see (not many by the way), maybe they are scheduled for the future or simply don't apply. For instance: 1) if you want a representative study you need a variation of market situations, taking thee or even seven years sometimes is not enough, as this is the case in some of your videos. You will test your strategy in a bullish market and that give you an edge. Not to mention that intraday testing is a must. 2) I miss predictive analysis, Walk-forward or Monte-Carlo technics to test the robustness and resilience of your strategies, that will let you know how it will behave in the future. 3) I see all options apps too "overtweaked", I mean you can tweak your parameters (stop loss, profit targets, ....) to fit the PAST, the same as you would with a technical indicator, but It is unlike to be usefull in the long term. What is worse, whenever you are against a new situation you'll never know if the stock fundamentals have changed or it is just an outlier. When your strategy is dead?. In summary, am used to thousands of event samples with very sophisticated tools to analyze, in the futures world, that maybe "fortunately " do not apply yet to options. I say fortunately, because when you understand these future-backtesting techniques you know you'll have nothing to do in the futures trading business, and this is just the iceberg tip, with all big data analysis around the corner. Your view is highly appreciated and thanks in advance.

Kim, how you position this product vs ONE, talking of backtesting?.

I've been in the computing sector for decades, and seen many many apps, and You must accept that IB is, in my view, very powerful as you can configure everything, but with a not user-friend graphic design at all. This makes the platform very useful for very experienced traders. Maybe you recall old Lotus 123 worksheet compared with current Excell, it is something similar. I was able to operate old 123 many times quicker than excell using the keypad doing the same work, but 123 is residual. There must be something, when most of us operate with IB for commisions, but use TOS or ONE to visualize a new strategy. i could enumerate a number of IB tools that seem to be designed for a NASA engineer, rather than a medium level trader, just to mention one them, the activity reporting system, with hundreds of configurable one hundred pages reports. PD: I personally use IB for commissions and the conservative part of my portfolio with no much need of monitoring (shares, covered calls, IC and long time option spreads), Tradestation , something in between IB and TOS, (when I need more active monitoring, like SO options strategies and specially futures) and TOS for a "light" backtesting. I very likely end in ONE. .

Ok, thanks a lot. I'll try to see with TOS Thinkbak.

Did you play the calendar?