Is real-time imperative? There are a couple of different options (no pun intended).
If you really need real-time option streaming, one solution is Interactive Brokers for order execution and either TOS or Options Oracle for position tracking.
Options Oracle is free, and has the ability to connect to Interactive Brokers for the real time quotes (or yahoo for delayed), etc.
Options Oracle:
http://www.samoasky.com/
Online strategy builder:
http://www.samoasky.com/OSB/designer.html
My guess is that you really don’t need real-time quotes. If give or take 15minutes makes or breaks a position, then perhaps the position has too much risk
to begin with. Just my opinion.
TOS – paperMoney is a solution with delayed quotes.
OptionVue is a costly alternative, but some swear by it.
From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of rvd
Sent: Sunday, July 18, 2010 10:27 PM
To: OptionClub@yahoogroups.com
Subject: Re: [TheOptionClub.com] Risk / profit options software
You might check with Goldman Saks.
If you have a million $$ to open account with.
Thats what TOS probably uses. Does anyone know of the availability of software or an online service that provides real-time risk/profit data monitoring on existing options positions such as iron condors and double calendars similar to the real time monitoring that is possible with TOS, i.e. greek data, and the other features the TOS platform has? I am trying to figure out the implications of the margin issues with TOS and if it will be necessary for me to opt against TOS.
Thank you,
Larry B
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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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