Tuesday, March 23, 2010

Re: [TheOptionClub.com] Screening for Strategies

 

Hello Robert,

I work for PowerOptions (www.poweropt.com) and we recently started working with some of the instructors / mentors at Sheridan Mentoring.  We offer Search tools and analysis for over 23 different options strategies, including Calendar Calls and Calendar Puts (both diagonal and horizontal). 

You can filter by the long option expiration and short option expiration, range ITM or OTM, option volume and open interest, implied volatility for both the short and long option, implied volatility ratio between the two options, long and short option delta, Black-Scholes Ratio, long option and short option time value, etc.  I think our search tools may include all the criteria you are looking for.  We do offer a 14 Day Free Trial to our tools. 

I follow the OptionClub, Justcoveredcalls message board, compoundstockearnings message board and a few others, but I do not post that frequently as I promised the moderators I would not advertise on the boards when I initially signed up.  But I wanted to let you know about the PO tools for Calendar Spreads as I think they offer most of the search capability you are looking for. 

-M. Chupka




--- On Tue, 3/23/10, RobertH <robhansen5252@hotmail.com> wrote:

From: RobertH <robhansen5252@hotmail.com>
Subject: Re: [TheOptionClub.com] Screening for Strategies
To: OptionClub@yahoogroups.com
Date: Tuesday, March 23, 2010, 4:31 PM

 

That's the one I have!! Way to go, FMN. Now I want to be able to match the criteria in the side bar.

RFH

--- In OptionClub@yahoogro ups.com, "fmntime" <fmntime@... > wrote:
>
>
>
>
>
>
> Check the "Files" link on the OptionClub Yahoo site, http://finance. groups.yahoo. com/group/ OptionClub/ files/. Scroll down, there's a pdf file, "Dan Sheridan Calendar Spreads". It's an article from Stocks & Commodities magazine, and Dan's criteria for calendars are in a side bar in that article.
>
> Hope this helps.
>
> FMN
>
> --- In OptionClub@yahoogro ups.com, "RobertH" <robhansen5252@ > wrote:
> >
> > It's not a computer file but a physical magazine that I have in a file cabinet. I'll look up the month and year when I get home and maybe it's online somewhere.
> >
> > RFH
> >
> > --- In OptionClub@yahoogro ups.com, Meuter Gisbert <gismeu@> wrote:
> > >
> > > Robert,
> > >
> > > can't you send this file to the group? Just attach it.
> > >
> > > gis
> > >
> > >
> > > On Tue, Mar 23, 2010 at 1:16 PM, RobertH <robhansen5252@ > wrote:
> > >
> > > > Sorry, Gis. The article is in an old issue of Stocks and Commodities
> > > > magazine which I have kept on file.
> > > >
> > > > RFH
> > > >
> > > > --- In OptionClub@yahoogro ups.com, Meuter Gisbert <gismeu@> wrote:
> > > > >
> > > > > Hi Robert,
> > > > >
> > > > > could you please post the link to that article?
> > > > >
> > > > > thanks, gis
> > > > >
> > > > > On Tue, Mar 23, 2010 at 12:29 PM, RobertH <robhansen5252@ > wrote:
> > > > >
> > > > > > I was reading an interview with Dan Sheridan this morning, and he had a
> > > > > > checklist of the specific criteria he wants to see before putting on a
> > > > > > particular spread trade. The criteria involves implied volatility
> > > > skews,
> > > > > > pricing of the spreads, open interest in the options, and a few other
> > > > > > things. He said that you need stock screening software with options
> > > > > > capabilities. Is anyone familiar with software which will screen for
> > > > > > spreads, or maybe an internet site?
> > > > > >
> > > > > > Thanks,
> > > > > > RFH
> > > > > >
> > > > > >
> > > > > >
> > > > > >
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> > > > The goal of TheOptionClub is to provide a forum for members to work
> > > > together for the purpose of furthering our individual understanding option
> > > > trading. All messages and postings, and any materials circulated are
> > > > provided for discussion and educational purposes only. No statement
> > > > contained in any materials from TheOptionClub should be considered a
> > > > recommendation to buy or sell a security or to provide investment, legal or
> > > > tax advice. All investors are encouraged to consult a qualified
> > > > professional before trading in any security. Stock and option trading
> > > > involves risk and is not suitable for most people. There is no guarantee
> > > > that any information provided is accurate and, may in fact, be wrong. It is
> > > > understood that the participants in TheOptionClub have varying backgrounds
> > > > and degrees of experience in option trading, and that regardless of
> > > > experience each member is considered a student. As such, any information
> > > > distributed through TheOptionClub should be considered with a critical mind
> > > > and not relied upon as an authoritative source.
> > > >
> > > > To unsubscribe from TheOptionClub, send an email to:
> > > > OptionClub-unsubscr ibe@! Groups Links
> > > >
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> > > >
> > > >
> > >
> >
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The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

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