OptimalTrader
OptimalTrader 1.6
OptimalTrader (OT) provides a great deal of ability to test your option strategy ideas. This article will show you how you might answer the question of which strategy is best to do in a low implied volatility situation. Using the knowledge gained by following this example, you can test one of your own hypothesis and develop it into a trading system. This can be used to greatly increase your confidence and eventually profits in your option trades.
Step 1: Create a list of options that are very active
In order to avoid large gaps between the bid and ask, it is a good idea to use stocks that have a high open interest. Open Interest is the total number of option contracts which are currently active for that symbol.
This is done by navigating to the Technical Analysis page of OT and running a scan for open interest.
In my example, I also limit the Minimum Stock Price to stocks that are at least $10. There is an entry field to put that in on the right hand side of the page. Once I have selected the Pattern to Find, and Symbol List to Search, click on the Find button and OT will begin running the scan.
The results will be displayed on the screen. With this list we can create a symbol list of those stocks with the highest open interest. Click on the Op Int Today so that the stocks with the highest open interest are on top.
- OptimalTrader (OT) provides a great deal of ability to test your option strategy
- Author Company: DeltaNeutral.com, LLC
- Price: $349.00
- File Size: Requirements: Microsoft .NET Framework 1.1
- Update Time: 2008-05-13 Release Date: 2008-05-13
- OS: Windows XP, 2000, 98, Me, NT
- License: Shareware
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