Option-Selling Scanning Software

N

nravo

Any thoughts or suggestions on software that would scan for theta versus probability or some other metrics that would be useful for option sellers?
 
You might wanna get the book called "Mathematics of Options trading" by C.B. REEHL.

This book covers the math to search trades for expected outcome, probability of gain, mathematical advantage etc.

Iam doing a scanner or more like an autotrader myself in c++ using IB's API.

PM if anyone wants to share..
 
Thanks for the book cites. Not being a programmer, does anyone know of a commericially available scanner that works with theta : probability or delta?
 
How do you plan to get around IB's market data lines limitations?

Quote from Gustaf:

You might wanna get the book called "Mathematics of Options trading" by C.B. REEHL.

This book covers the math to search trades for expected outcome, probability of gain, mathematical advantage etc.

Iam doing a scanner or more like an autotrader myself in c++ using IB's API.

PM if anyone wants to share..
More...
 
Quote from nravo:

Thanks for the book cites. Not being a programmer, does anyone know of a commericially available scanner that works with theta : probability or delta?
More...

Take a look at the various scanners on www.ivolatility.com

Also, if you are a www.thinkorswim.com client then their platform has a probability based scanner known as Spread Hacker. The software is free for clients.

HTH.

MoMoney.
 
Quote from momoneythansens:

How do you plan to get around IB's market data lines limitations?
More...

I scan about 10 stocks only, so far it has not been a problem.
Also its not necessary to do scan everything all the time, its more of a strategic tool.
 
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