Re: [TheOptionClub.com] Screening for Strategies

 

I also like the idea to keep it simple and get good with a few
instruments. I trade the RUT, EEM, DJX, GLD & SPY, but the problem is
they all generally move in the same direction. Does anybody have any
recommendations to diversify this mix?
Tony

On 3/24/10, Paul Seifert <paulseifert@comcast.net> wrote:
> Bill I am moving in the same direction for the same reasons. I want to
> become good at a few things and treat this as dans says a business Best
> of luck. Pablo
> ----- Original Message -----
> From: Bill Fletcher
> To: OptionClub@yahoogroups.com
> Sent: Tuesday, March 23, 2010 9:27 PM
> Subject: RE: [TheOptionClub.com] Screening for Strategies
>
>
>
>
> I am looking at Dan's TASC article right now, but the post raises an issue
> in my mind.
>
>
>
> I have looked at a lot of Dan's stuff, and I have a great deal of respect
> for his capabilities, (and for his refusal to put ketchup on his hot dogs)
> but he talks a lot about the fact that his successful students trade the
> same instruments every month - month in, month out etc. etc. So if I am
> going to trade the SPX and the RUT every month, why do I need screening
> software? The way I was heading was to pick a couple of large size
> instruments to keep my commission low, then to pick the strategy based on
> their behavior. This is quite different than the "Oh, search engine - find
> me a nice calendar" approach. If you use the latter, you then have to do
> the due diligence on expiration, news etc., which is a big pain in the
> asset.
>
>
>
> I am trying to get good at something, and suffering from TMI, right now.
>
>
>
> Bill
>
> From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On
> Behalf Of Nick Horowitz
> Sent: Tuesday, March 23, 2010 11:17 AM
> To: OptionClub@yahoogroups.com
> Subject: RE: [TheOptionClub.com] Screening for Strategies
>
>
>
>
>
> www.poweropt.com has a very good screener. Not sure if it has all those
> parameters mentioned, but it does have most of them. They are supposedly
> adding a double calendar/double diagonal screen soon.
>
>
>
>
> ----------------------------------------------------------
>
> From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On
> Behalf Of RobertH
> Sent: Tuesday, March 23, 2010 9:29 AM
> To: OptionClub@yahoogroups.com
> Subject: [TheOptionClub.com] Screening for Strategies
>
>
>
> 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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