Re: [TheOptionClub.com] Screening for Strategies

 

Stan,

I'll look into that, thanks for the input.

Tony

 

 

On Wed, Mar 24, 2010 at 5:59 PM, StanG <asahi3@hotmail.com> wrote:

 

Hi
EEM, GLD and any one of the other three would be quite diversified. RUT, DJX and SPY are all idexes and cover many of the same stocks - so they move together. Choose just one of them and add some ETF's that have no connection to the stock market - say currency or commodity ETF's, OIH - the oil industry, etc.
Stan

--- In OptionClub@yahoogroups.com, bgupta92@... wrote:
>
> Tony,
>
> AAPL and UNG seem to have a mind of their own!!!! They don't always follow the market.
>
>
> ----- Original Message -----
> From: "Tony Percuhini" <tperuchini1959@...>
> To: OptionClub@yahoogroups.com
> Sent: Wednesday, March 24, 2010 8:59:46 AM GMT -05:00 US/Canada Eastern
> Subject: 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@... > 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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