TD ameritrade (0 commissions) thinkorswim has a great API that i now use to get credit iron butterfly spreads every 15 minutes. Works great. Max is 120 calls let minute. Return is json so easy to unpack. can then trade the options or socks with the api. used with python3.5 and pycharm
There are many ways to trade a market, stocks, options, futures,currencies, bitcoin and many more but the best way is to buy low and sell high, or sell high and buy low always works, unless you screw up.
How do you make $300 to $500 or more a day?
That's 1000 shares to make 50 cents say.
Or 100 shares to trade 10 times in a day commissions could kill you.
Better 200 shares 5 times and make 40 cents for $80 x5.
A $5 stock x 1000 is a $5000 trade or x 200 is a $1000 trade.
You need a stock thats...
I am finding that with low open interest it just depends on stock price movement.I have a credit put spread on BKNG where the mark is 50% more than my offer and still no trade will check back tomorrow
FSU that basically what I am doing I start at the mark and move down/up as far as
I want to go. will try CBOE thx. I would only use a market order if the spread is narrow and volume is high.
Thx kv helpful. I guess if the stock price is moving then the option prices
are changing too quickly for the MM to fix a price.How do they set the algo to do the trade, i assume its below the mark at any point.On the level 2 for the option Z shows up wonder if that is the algo.
Tough to get some credit call/put spreads at the Mark (TOS ) limit price. Anybody have experience with market orders with wide bid/ask spreads. Do MM's trade at the Mark?
I use the TOS API using python to download all option chains for about 40 stocks every 15 minutes that are NTM ( near the money). The data comes back in json which is easy to unpack. I used it to find CIB's and IC's. Works well. Next is to actuaactuallyl put on the trade with the API. Maybe this...
here is a credit iron butterfly try to work out what it means
SELL -1 IRON CONDOR BYND 100 15 NOV 19 145/150/145/140 CALL/PUT @5.60 LMT
It is impossible to lose.
Quant relies on price and volume which doesn't necessarily relate to options. Options tend to rely on volatility which determines option future prices. Trading the SPY on an intraday basis is much like trading any stock except you can straddle it. I don't see where quant could be used much on...
If you want to do options probably the best guy out there is Mark at optionalpha
On his website there is a ton of free videos on all types of trades. You need a TD Ameritrade thinkorswim account with $5000 . Take some time and paper trade on TOS (thinkorswim) as we call it. Use the scanner set...