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    Long Iron Condor or Call calendar ?

    I have not traded both at same time so only my concerns, not comments are raised here :-} In your case, wouldn't the exposure to underlying movement be too much, even both are supposed to be delta neutral ? As you know the total delta will never be zero. With 5 to 6 legs to handle, the...
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    Butterfly, iron butterfly, condor, iron condor, what are the differences ? The simple answer is that they are all quite simliar. And all of them are short vega and long theta. Some has three legs and some has four legs but the key differences that matter are each one has a different...
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    Long Iron Condor or Call calendar ?

    Apple is at 164.75 today and you think apple will stay between 160 ad 170 until Aug opt expires. ( 17 days to go ) So you want to find sme options strategies to profit from it. Two low risk/high award options stategy that fits in will be Iron Condor and Call Calendar Spread. Both has...
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    Many Options Lab member asked me what options price are used to calculate to the IV, how many days are used and what is the interest rate. Here are the short answer: The Options Lab uses the average price of bid and ask as options price. It also uses 360 days. Currently it treats interest...
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    What does the QuickGain and QuickLoss means in The Options Lab ?

    The Options Lab ( at http://www.TheOptionsLab.com ) has two buttons called QuickLoss in red and Quickgain in green that many traders found very helpful. Those two functions are used to give Options Traders a quick analysis on what the gain or loss will be if everything goes your way or...
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    Option Strategy

    you are going to make $55.69 if you traded one lot Call Bear Spread and stock and IV stays the same. Call bear spread is a short vega, long theta position which mean it will lose money if volatility jumps and gain money when days go by. You might get all those info by just two clicks...
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    The URL in the 1st post should be: http://www.TheOptionsLab.com Thanks
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    how do I create an automated system for automated trading?

    I have done that with IB TWS API, using Java program. If you know Java, let me know, the program will have a template method for you to fill in. I tested it with latest TWS. Respons to this board if anyone interested,
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    Analyze futures options using The Options Lab

    Let's use E-mini SP FOP as an example because it is the most liquid futures options out there with very small spread. 1. Go to The Options Lab at http://www.TheOptionsLab.com 2. Since there is NO ready ticker for ES FOP, choose offline tab 3. Fill in 988.1 as spot ES price, 1000 as...
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    Repost: I hope this post will help you understand why options greeks are useful, if you don't know so already :-} Today, I will show you how to use The Options Lab with a quick step-by-step demo with Google options. 1. Go to http://www.TheOptionsLab.com make sure you login already. 2...
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    I just checked with our data provider, the current package only covers Canadian stocks, not options. Th price we paid will be much different if we also want to include options data. Can you tell me what broker or data sources you are getting Canadian stock options data from ? So to use The...
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    Can you tell me which ticker that you are using ? Please refresh your browser and try again , it should take more than 4 letters now. Thanks,
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    Analyze futures options using The Options Lab

    Over the next few weeks I will show how to use Options Lab ( at http://www.TheOptionsLab.com to analyze futures options. The things with futures options are that they don't always have ticker available like stock options do. To analyze futures options with Options Lab, you need use the...
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    To use Options Lab for Canadian stocks, just attach .to to the end of the ticker. So if the ticker is aaa, then use aaa.to. Same for any stocks from other countries. We also added the Quick Tour menu and updated User Guide menu for more instruction on how to use it. Some quite useful...
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    Looking for a good mentor for option trading...

    Mark, Sounds like what you need is more like a portflio tracking tool. I am sure many tools will help you do that. Our team have been thinking of letting Options Lab support unlimited number of legs, but that requires some sacrifices of space and easiness of use, which will also make...
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    Looking for a good mentor for option trading...

    The Options Lab does not support a strategy with more than 4 legs because we found a position with more than four legs hard to enter and exit. However, it supports a position that has four legs and underlying position combined.
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    Looking for a good mentor for option trading...

    The Options Lab does not support a strategy with more than 4 legs because we found a position with more than four legs hard to enter and exit. However, it supports a position that has four legs and underlying position combined. Thanks,
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    The reason we have Offline tab is that we are also using the Lab for other kinds of options such FX options, FOP options and Interest rate options where data is not always available or ticker is not clearly defined. Actually Offline tab is used far more often than Online tab when we give a...
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    Introducing an easy to use all in one Options Strategy Analysis tool - TheOptions Lab

    If you are already on the site, then disconnect from the Internet, the Online tab won't work, which means you won't get any quote, but you can still use every features in the Options Lab, you just have to enter values by hand in the Offline tab. Rest of them work the same.
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    Looking for a good mentor for option trading...

    More instructions: To use the options lab, if you are online, just click on the online tab, then enter a ticket such as 'rimm' or 'qqqq', then the Lab will do everythng for you. You can choose any strategies on the left hand side, the right side will reflect what you just selected. try to...
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