Saturday, January 30, 2010

Re: [TheOptionClub.com] OptionsVue VS. OptionOracle

 

Philip,

what is the underlying of your IC?
Maybe you could start scaling in short stock, i.e. sell for each short put 20 shares and as it approaches it further, sell more and if market should bounce (which is what I expect btw), then cover the short stock.
I would only do this if I could sit all day in front of a computer and had my trading platform open.

gis


On Sat, Jan 30, 2010 at 5:47 PM, Philip Wu <ptwu452@gmail.com> wrote:


Yes -- on TOS thinkback I was trying to see if I had a large IRON condor position back in Sept-Oct 2008, what
strategy could have mitigated significant loss due to the steep decline during that period... it was not intuitive with thinkback, assuming I used it correctly.  
 
Given the recent market declines, my IC positions is approaching the short put leg...perhaps Chris will give us some
ideas in his webinars on what to do in the present market conditions...hedge with vxx or vxz or vix or butterfly on the short put or buy a further otm put...just rambling...
 
Thanks.

On Sat, Jan 30, 2010 at 3:16 PM, tom stidham <tdstid1@bellsouth.net> wrote:
 

Option Explorer and OptionVue have outstanding backtesting – which makes for a great learning / educational tool.  I use TOS and love their platform – but their thinkback is very very basic and their On Demand is a work in progress, limited back data period – and is a ways from being a good tool.

 

Also when looking at possible adjustments OV and OE give excellent visualization both before and after the adjustment.

 

Tom

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of Philip Wu
Sent: Saturday, January 30, 2010 10:01 AM
To: OptionClub@yahoogroups.com
Subject: Re: [TheOptionClub.com] OptionsVue VS. OptionOracle

 

 

Hi,  what functions/capabilities does Options Explorer have that is not available on ThinkorSwim ?

 

Thanks.

On Fri, Jan 29, 2010 at 3:22 PM, tom stidham <tdstid1@bellsouth.net> wrote:

 

As a previous user of Options Oracle – there's nothing wrong with it – considering it is free.  I assume you are a Sheridan Options Mentoring Student and have had a chance to see Options Explorer – Dan's software..  There is no comparison of the 2.  OE on par / and exceeding in most aspects OV software. (IMO)  Options Oracle is not in either of the above products league.

 

It you are modeling adjustments, back testing, etc…… either OV or OE fill that need.

 

Tom

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of clay
Sent: Friday, January 29, 2010 12:39 PM
To: OptionClub@yahoogroups.com
Subject: [TheOptionClub.com] OptionsVue VS. OptionOracle

 

 

I'm familiar with OptionsVue and was about to buy their software and then I saw where OptionOracle by www.samoasky.com was recommended. Can anyone give me their opinion? Is it like OptionsVue? I was holding out for the software than Dan Sheridan is going to roll out in February, but if Option Oracle is free, then SOLD!

 





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