Greetings - ThinkorSwim TOS charts will chart individual options on all time frames. Keep in mind not all options trade actively esp. if you are looking over longer time frame. I'm not sure however if option charts work in papertrading. Good trading - David
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> Hi; I am also new to the group. I trade options as well, and I look at the end of the day for options that have moved in the ending price; intraday and following the news is just too risky. The problem is fiding good price history on options, so I am wondering if anyone knows of a good web site or service that tracks it. I know it would probably be a lot of data, but just checking the community. Right now I am flying blind. Knowing the current price is one thig, but knowing where that price was 2 weeks ago is just as valuable to me.
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> Anyone that has any suggestions, your comments would be greatly appreciated.
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> --- On Thu, 4/15/10, newbie_candy <candy.chiu.
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> From: newbie_candy <candy.chiu.
> Subject: [TheOptionClub.
> To: OptionClub@yahoogro
> Date: Thursday, April 15, 2010, 11:10 PM
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> Hi, I am new to the club. I realize that this thread is already 6 years old, but I still want to chip in my 2 cents to the discussion.
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> I break up option trading into two phases. The first phase is limited to the actual initiation of the trade. If after the initial execution, both the buyer and the seller are restricted by rules that no further actions can be taken, then option trading'd have been a zero sum game. In reality, both traders have the liberty to adjust their position, and their course of actions are never mirror images of each other. Accounting for this second phase (position management), option trading is not a zero sum game. I'd liken option trading with hedging to trading a stock (call it A) and hedging it with a similar stock. If we view the transaction of trading A only, it is a zero sum game. However, by allowing other opportunities for decision making and combining the initial trade with the adjustments, the original transaction is no longer a game played solely by its buyer and seller.
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> In my opinion, transaction cost is the cost for entering the game. A single transaction is a zero sum game even with transaction cost. It is equivalent to a casino charging an entrance fee for letting gamblers play at a fair slot machine.
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> Candy
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