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Also, if you are a longer T'Frame trader and need EOD quotes only, I think that is free thru google,yahoo finance,etc..Now you are talking very reasonable... not to mention Amibroker is very robust in terms of b'testing and scanning.

sorry for being unclear rezo.. Yes! Precisely your reason...if you want to minimize monthly costs and stop paying for data from IQFeed, Esignal,etc to go into Amibroker, buy it for 1 month, populate your DB going back as far as what those services will give you, then go into IB mode. The issue...

If you intend to use IB long term and trade a limited amount of tickers (< 75?) AND most important, have some programming knowlege, your cheapest "true cost to own system" would be Amibroker. Get a permanent license for $~350, get IQFeed for a month (~$70) to build up your ticker database...

Amibroker can do it as others I am sure like Sierra,etc... with AB, create a watch list of all your tickers,create an AFL code that defines the pattern you want, backtest it, then go live thru scans...Macro code example for triangle... RightBot=LLV(PrevLo,BotdistFrom); distfromRightBot=...

Is there size at $4 bid? If there is and it gets taken out and there is size bid at $3.95 then watch out.. I wouldn't touch it w/o knowing the fine print ... Like Ironchef said!

there are probably much better answers here from risk arb traders but off the top of my head 1) make sure the quotes are legit and not stale 2) is this a done deal? or is it still subject to contingencies that might blow up the merger? 3) make sure you know the detailes of the merger inside...

Ib has been around at least 35 years and has been using this system that has seen lots of market cycles and shocks imaginable , hence they are probably not going to change..

Jack Schwager: How were you able to make consistent gains trading options? John Bender:To make money in options, you don't need to know what the price of a stock is going to be; all you need to know is the probability distribution. If the Almighty came to me and said,"I won't tell you where...

It has been both a blessing and a curse for me. A blessing because I made a lot of money in my first 15 years trading 100,000's of options contracts. This enabled me to “slow down”the last years and be a FT dad to my 3 kids, It is also a curse … because now that my kids are in their late teens...

this thread is so off the rails- from orphange sites getting hacked to pawg to... lol...

bog!..now I gotta google pawg! ...lol

Jeff Augen has a book called "daytrading options" which has good examples on volatilities and diff methods of trading them as well.

sad to say....not just the dodgiest website... I was inspired to donate to my son's orphanage in the Philippines yesterday, clicked on the link, took forever to load, took me to a bunch of "bad" sites.. I thought I mistyped, re-scanned my Norton just to make sure, then typed URL carefully, the...

Yes vega peaks ATM but if the vols are so high, and given enough time, even further strikes have a better chance of becoming ATM. so your first sentence should be re-phrased.. "if vols go higher, otm strikes have a greater chance of becoming ATM since the ticker is so volatile.... , Anytime I...

I forgot about that opt out.. I guess it is auto ex if itm by .01 right? then you have to call your broker and explicitly say I don't want to exercise that itm option?

twinsen.. those deltas seem accurate enough. The DIS delta won't change too much since they expire May 26th, while the FB deltas will change dramatically since it expires in 2 days. I have a discussion about this on my site called "charm"- a 2nd order greek. JUST READ your last post... Changes...

Good point JackRab. IMHO, this is more critical for the short put holders since we are already at lofty levels in the US Equities and downdrafts tend to be harder than up moves.

Good catch FSU!. Forgot about that one! I am sure somewhere there are traders that specialize in these after hours play... Buy contracts at .03 .. sit on it, wait for news then exercise before 5:30pm and make tons come Monday. A while back, we had provisions for buying back short contracts on...

Instead of studying new ways to get in, study risk. this should be in a special section here on ET somewhere..so succint... so true !! :-)

If you have an idea of trade setups that you favor, I can help you backtest it against 1-2 options strategies appropriate for a specific volatility environment and most important, appropriate for YOUR own risk profile and financial objectives. Once you find a backtest that suits you, I can...