Thanks all for the advice. I didn't realize that TOS had free graphing for paper trading only folks, but I'm going to try them as well as Option Oracle.
Lou
--- In ConservativeOptionStrategies@yahoogroups.com, "PLA" <optionzz@...> wrote:
>
> As far as free goes.pretty good stuff at TOS. Just got back from a 3 day
> Optionetics conference. Now THERE is some graphing software, but it is
> something like $80 per month; you get a lot more than that. It is where I
> do all my searches for target underlying, strategy searches, and lots more.
> The free site is pretty good too!
>
>
>
> www.optionetics.com
>
>
>
> Pete
>
>
>
>
> >
> > Louis:
> >
> >
> >
> > Consider opening a paper trading account at TOS. You will have access to
> > their tools and graphing which is one of the best in the business.
> >
> >
> >
> > Ken
> >
> >
> >
> >
> >
> > From: ConservativeOptionStrategies@yahoogroups.com
> <mailto:ConservativeOptionStrategies%40yahoogroups.com>
> > [mailto:ConservativeOptionStrategies@yahoogroups.com
> <mailto:ConservativeOptionStrategies%40yahoogroups.com> ] On Behalf Of Louis
> > Sent: Friday, June 11, 2010 11:46 PM
> > To: ConservativeOptionStrategies@yahoogroups.com
> <mailto:ConservativeOptionStrategies%40yahoogroups.com>
> > Subject: [ConservativeOptionStrategies] Re: Risk/reward graphs
> >
> >
> >
> >
> >
> > Thanks for the suggestion.
> > I trade out of my IRA which is at Fidelity and they provide the OPtions
> Pro
> > streamlined version which lacks the graphing feature. I don't trade enough
> > for the full package so I've been using OIC until I find a better one at a
> > price I can justify.
> > Lou
> > Lou
> >
> > --- In ConservativeOptionStrategies@yahoogroups.com
> <mailto:ConservativeOptionStrategies%40yahoogroups.com>
> > <mailto:ConservativeOptionStrategies%40yahoogroups.com> , "RobertH"
> > <robhansen5252@> wrote:
> > >
> > > Glad to see you are taking a look at risk graphs. Picture worth a
> thousand
> > words.
> > >
> > > Getting back to your "What am I Missing" thread from last week, make
> sure
> > you put your proposed position on a risk graph once you become proficient
> > with it. I find the TOS platform the easiest to manipulate when it comes
> to
> > comparing possible positions and adjustments. All of the typical options
> > strategies have a risk/reward graph "look" to them, and you will become
> > familiar with the look of a vertical spread, condor, butterfly, etc. You
> > will see how a covered call position "looks" just like a short put, along
> > with many other synthetics. Still won't make you money, though. You have
> to
> > do that yourself!
> > >
> > > Best of luck,
> > > RFH
> > >
> > > --- In ConservativeOptionStrategies@yahoogroups.com
> <mailto:ConservativeOptionStrategies%40yahoogroups.com>
> > <mailto:ConservativeOptionStrategies%40yahoogroups.com> , "Louis"
> <loupi3@>
> > wrote:
> > > >
> > > > I'm switching from excel spreadsheets to option risk graphs;currently
> > the free one from OIC, which I find is quite nice and easy to use.
> > > > I'm trying to avoid the unpredictable, which I feel attempting to
> > predict market movement is and to go beyond looking at things as bullish
> > strategies or bearish strategies.
> > > > I have as my main goal not losing money. I think that by keeping that
> in
> > the foreground, I should be able to maximize returns overall.
> > > > Sounds sort of stodgy, but my days of standing by the roulette tables
> > with half my chips on double zero are long behind me.
> > > > However, no matter how cleverly you plan your strategy, volatility is
> > unpredictable, isn't it? So even though I can come up with some elegant
> > graphs that limit risk and provide massive upside, that can all change
> very
> > quickly.
> > > > But first, when you plot a spread type strategy on the graph, are the
> > results based on future estimation of the option value considering things
> > like theta and volatility, or as I suppose, purely on the underlying's
> > prices vs option strike prices?
> > > > And what methods are being used to attempt to control that? I hear
> about
> > delta neutral methodology, but I'm not sure how generally applicable that
> > is.
> > > > Anybody want to contribute their ideas?
> > > > Lou
> > > >
> > >
> >
>
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