Hoadley Trading & Investment Tools... ???

Quote from justrading:

I do not use eSignal, so I have to take what I am told at face value.

What would you think if you were involved in this?

Rep - : The best I can offer you is $1 for the 1st 30-days. The OnDemand service will give you delayed data. That is fine for you correct?

Rep - : You will NOT get options data with this service.

Me: I was on a chat with another rep earlier and I specifically asked for US futures options data and he said yes for this package.

Rep - : Futures options yes however I futures options data is very poor

Rep - : I meant "our futures options data is very poor".

Rep - : Futures options data is a weak point in our product offering

Me: Meaning?

Me: Hoadley does mention esignal as you know

Rep - : It's very sporadic and incomplete

Rep - : Yes, I know. I am listed on their website as the contact person

Rep - : Equity options are a different story

Rep - : Futures options is a weak point

Me: So effectively you are saying it will not be adequate?

Rep - : Most likely not.

I did email Hoadley. He gave me a lengthy reply, the crux of it being " There may be issues with the futures options data but I have never had any feedback about that."

He noted that the cost of his software is pretty low and thus most people simply buy it and try it out.

As for your point about the only thing needed is the settlement prices, this is what Hoadley had to say about the subject;

My software uses option chain snapshots – but they are real-time. Snapshot doesn’t mean delayed. It means that all quotes are at exactly the same point in time (which in the case of the suppliers I support is real-time)

And,

There are no free end of day futures option chain data available that you can feed directly into my software. If you know of any you can put the chain edata into a CSV file which my software can read.

In short, there may be problems, I don't know, buy the software and see. No trial possible, I asked.


Thanks for the details.

I think the salesman was just trying to sell you on his regular product.

Just because Hoadley can use real-time data doesn't mean he needs it. End of day snapshots off the CME web site would be fine. As he says, the best way is if data is all taken at the same point in time.

A lot of people turn off real-time updates when using OptionVue and other options products because the bid-ask quotes are too wide and noisy intraday to have any meaning.

But I personally would not want to pay the on going fee to esignal either in any case.

It would not be that hard to write a program to download the end of day settlements off the CME web site.

I have written software to get it off my broker but I cannot share it.
 
Quote from comintel:

Thanks for the details.

I think the salesman was just trying to sell you on his regular product.

Just because Hoadley can use real-time data doesn't mean he needs it. End of day snapshots off the CME web site would be fine. As he says, the best way is if data is all taken at the same point in time.

A lot of people turn off real-time updates when using OptionVue and other options products because the bid-ask quotes are too wide and noisy intraday to have any meaning.

But I personally would not want to pay the on going fee to esignal either in any case.

It would not be that hard to write a program to download the end of day settlements off the CME web site.

I have written software to get it off my broker but I cannot share it.


i'm going to use the worksheet that comes with interactive brokers connect it to hoadly and stream quotes into it if i can get away with it.. .. i agree with you about bid ask spread.. you might have to script in something to take midpoints for the thing to really make any sense..
 
Quote from cdcaveman:

i'm going to use the worksheet that comes with interactive brokers connect it to hoadly and stream quotes into it if i can get away with it.. .. i agree with you about bid ask spread.. you might have to script in something to take midpoints for the thing to really make any sense..

I think it should work with effort. If you can get it into Excel one way or another, then worst case you can dump it out in his format and then reimport it onto his pages...or hopefully just copy it over within Excel......
 
Quote from comintel:

I think it should work with effort. If you can get it into Excel one way or another, then worst case you can dump it out in his format and then reimport it onto his pages...or hopefully just copy it over within Excel......

yeah but the first hurdle you run into is that the visual basic macros are password protected on the sheets.. that i think i can crack.. i'm not going to redistro his stuff so no guilt about it
 
Quote from cdcaveman:

i'm going to use the worksheet that comes with interactive brokers connect it to hoadly and stream quotes into it if i can get away with it.. .. i agree with you about bid ask spread.. you might have to script in something to take midpoints for the thing to really make any sense..

I am looking at the Hoadley info page for the Implied Volatility calculator and it seems to take the mid-point between bid/ask for the IV. Presumably just feed it in and the software does the rest. Not sure what happens if you only input settlement prices though, perhaps you could test and advise?
 
BTW on books forgot to mention Options Trading: The Hidden Reality by Cottle. Available new and used on Amazon marketplace.

There is also a pdf floating around if you can stand to read a book on your computer.
 
Quote from justrading:

BTW on books forgot to mention Options Trading: The Hidden Reality by Cottle. Available new and used on Amazon marketplace.

There is also a pdf floating around if you can stand to read a book on your computer.

i've got a tablet..
 
Quote from cdcaveman:

i've got a tablet..

I'm tempted to get an iPad for this sort of stuff but the absence of the office suite deters me. No kindle either, I prefer real books.
 
i got a galaxy samsung 10 inch tablet a while ago.. my brother got me one of those bluetooth keyboards.. i use it when i'm chillin at starbucks to read and of course respond to forum posts
 
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