Option trading software

[Grinder]

jackson, try putting it as ^XJO

 

[cutz]

I am going to be naughty and suggest MB Risk Management

Hi mazza,

Looks pretty high end, notice the option add on is one big banana but i didn't see a description/price for what i assume a base module.

Must accept heaps of legs, i wonder where it maxes out.

 

[mazzatelli1000]

Hi mazza,

Looks pretty high end, notice the option add on is one big banana but i didn't see a description/price for what i assume a base module.

Must accept heaps of legs, i wonder where it maxes out.

I mainly use the exotics valuation modules for work.
See attached, it doesn't max out - you keep inserting lines.
It is marketed towards institutional customers

 

[cutz]

Thanks for the screenshots mazza,

Yeah it looks pretty specialized, obviously designed by a quant for quants.

 

[jackson8]

jackson, try putting it as ^XJO

thanks for that Grinder works a treat

 

[mazzatelli1000]

Thanks for the screenshots mazza,
Yeah it looks pretty specialized, obviously designed by a quant for traders.

Edited

It could be a good exercise for you to trade without risk graphs. Makes you focus on the Greeks

I do remember another Excel based prog - OptionStar
Not sure if it has multi - legs that you are after

 

[mazzatelli]

I've been playing around with tradeM*NSTER
Platform is web based Flash Player, nice GUI - alternative to destop software.

An interesting tool is its adjustTRADE tool. It suggests possible adj and has visual rep of the adjustment and before & after profiles.

Looks quite nifty, and its Cottle related. BTW its US market related.

I'm in no way affiliated with the broker, so this isn't
LOL

 

[Grinder]

Mazza, is the platform cumbersome? Will run a demo when I get a chance, anymore feedback you have is always appreciated.

 

[mazzatelli]

Mazza, is the platform cumbersome? Will run a demo when I get a chance, anymore feedback you have is always appreciated.

No not at all. I forgot to mention that its quite smooth. No need to install, just web login in like OX.
I'd dare say its comparable to the TOS platform, so if there are connectivity issues to TOS and you want to run position analytics this is a viable substitute.
I saw your reference to livevol.com - the look and feel is exactly the same. They could be related, but I'm not sure.

 

[Grinder]

Just finished playing with the new OXtrend 2 platform, much improved set up than the original. Can set up all the OX features on the one trading screen, very user friendly with a pro like finish, worth a look.

https://beta.optionsxpress.com/xtend2/xtend/

 

[Wysiwyg]

Just finished playing with the new OXtrend 2 platform, much improved set up than the original. Can set up all the OX features on the one trading screen, very user friendly with a pro like finish, worth a look.

https://beta.optionsxpress.com/xtend2/xtend/

Options Express accounts are domiciled (like that word ) in the USA.

I am hesitant to open a USA domiciled (there it is again ) account because of my perceived additional and possibly time consuming taxation issues when one can trade options in Australian domiciled (one more time ) accounts.

The Beta OX trading platform is easy to navigate around.

Just a thought.

 

[Grinder]

Options Express accounts are domiciled (like that word ) in the USA.

I am hesitant to open a USA domiciled (there it is again ) account because of my perceived additional and possibly time consuming taxation issues when one can trade options in Australian domiciled (one more time ) accounts.

The Beta OX trading platform is easy to navigate around.

Just a thought.

Can't say I have found it anymore time consuming, either can my accountant. Actually have found it may benefit my situation. The link below may help clear a few things up but please DYOR and don't get too hung up on the word 'domiciled'

http://www.greencompany.com/EducationCenter/GTTRecTraTypNonResident.shtml

 

[Michael Dempsey]

I use Think or Swim for my options trading in the USA.

I have used OptionGear by Hubb. Not bad.
I use IRESS at work. After 18 months of use, I'm still discovering new things the software can do.

If I could get the Think or Swim software to work with ASX data, that would be perfect. It has the best probability analysis I have seen.

 

[cutz]

I have used OptionGear by Hubb. Not bad.

Hi Michael,

How many legs can you squeeze into a payoff.

 

[Wysiwyg]

Can't say I have found it anymore time consuming, either can my accountant. Actually have found it may benefit my situation. The link below may help clear a few things up but please DYOR and don't get too hung up on the word 'domiciled'

http://www.greencompany.com/EducationCenter/GTTRecTraTypNonResident.shtml

Thanks Grinder. So capital gains are not taxed if a non-resident but the capital gains are taxed in Australia. A look around showed me that currency exchange rates have a certain bearing on gains/losses. Thanks for that guide and I promise to let go of that word. :

 

[Grinder]

Wysiwyg,

It can get complicated when dealing with international tax law, especially with income classification in relation to tax and residency. It all depends on your situation, but in general your on the money.

 

[Grinder]

http://www.samoasky.com/

Anyone using Optionsoracle having some problems with prices? I can refresh quotes but my loaded positions remain the same and vols on some options come up as N/A. This has never happened before, have tried contacting them but have'nt had any reply as yet.

Cheers,

 

[JetzTrader]

On a day to day basis, I find that all I need is a charting software and IGMarkets trading platform has one built in (pretty much free if you trade 4 times a month with them).

The only thing is they don't calculate trade size as they don't know your capital. For that I just use my beloved iPhone and this application called "CFD Calculator". It keeps track of your risk size for each of the stock/fx you are trading, very handy to have.

Other than that, IG gives me my daily statement and really there is nothing else I need in terms of software.

 

[cutz]

Congratulations JetzTrader,

But I think you're on the wrong thread.

 

[bertieb]

jackson, try putting it as ^XJO

Hi Grinder and Jackson

are you saying ^XJO is the index option code for 'Options Oracle", because I still cant get it to work ? I am using 'Dynamic Server Australia 1', and typing in '^XJO' into the symbol, but it cant find it.

I also tried to use the Interactive Brokers plugin, which I can get working for ASX (pulling in the index options via 'AP'), but it wont feed in underlying prices.

I wish I could just use the ^XJO, as the program could easily get the historical prices from Yahoo.

Thanks for any help you can provide.

bertieb