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24179440

/og/ - Options general thetalad Mon Nov 23 11:58:49 2020 No.24179440 [Reply] [Original]

Long IV bros ?

>Brokers
Tastytrade by far no 1
TD Ameritrade
Everything else is probably shit

>IV Filtering
https://fdscanner.com/

>Risk Management
Not much to say, we can all YOLO and loose money. It is mathematically proven that with high number of occurrences we get closer to the mean average of our returns. Not more than 1-2% max loss per trade.

>Live Streams
https://www.tastytrade.com/tt/live

>Educational Sites
https://www.tastytrade.com/tt/learn/

>Free Charts
http://www.tradingview.com

>Flow screeners
https://swaggystocks.com
https://www.waffles.finance/
https://marketchameleon.com/ (my favorite)

>Options profit calculator
https://www.optionsprofitcalculator.com/
(pretty useless if you have a good broker, but not everyone does)

>Commandments and tips
http://tastytradenetwork.squarespace.com/tt/blog/-tastytrade-trading-commandments

>Literature
https://mega.nz/folder/wwVH0KLB#HkcUbCIz_Q-NyELfEA0P1A

>>	thetalad Mon Nov 23 12:01:43 2020 No.24179515 Shameless bump, share some plays and high IV / IVR

>>

Anonymous Mon Nov 23 12:02:35 2020 No.24179542
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>calculated the exact bottom price to buy an AAPL call based on delta value of the option i was looking at, the current share price, and the share price at which a massive buy order would be placed based on level 2 data
>it went through and im up 16%
i cannot tell you how vindicating this is based on how blind ive been with options for so long. I literally feel like a wizard

>>	thetalad Mon Nov 23 12:06:16 2020 No.24179663 >>24179542 What is your options flow provider ? Just out of curiosity

>>	Anonymous Mon Nov 23 12:07:34 2020 No.24179708 >>24179542 I understand how the level 2 data helped you understand where it would bounce but what did the delta have to do with it?

>>

Anonymous Mon Nov 23 12:10:51 2020 No.24179830

also for thetalad, I don't know if the screeners you've already got in the OP also do this but this site has lots of pre-made screens for earnings, high IV, highest change in open interest and some other stuff
https://www.barchart.com/options/highest-implied-volatility/stocks

>>

Anonymous Mon Nov 23 12:11:15 2020 No.24179843

>>24179708
delta is how much the price of the option changes when the underlying SP changes by $1, right? so i multiplied delta*(current share price - price of underlying at the bigass sell limit order on level 2) and then set a limit order for my option at (current option value - what i calculated above). and it roughly worked
>>24179663
i use fidelity but get my information from webull. sad! i hate webull but they have free level 2

>>

Anonymous Mon Nov 23 12:15:23 2020 No.24179978

>>24179843
>so i multiplied delta*(current share price - price of underlying at the bigass sell limit order on level 2) and then set a limit order for my option at (current option value - what i calculated above). and it roughly worked
huh, I should start trying that with my SPY and SQQQ stuff, thanks

>>	Anonymous Mon Nov 23 12:21:15 2020 No.24180193 Still lurking. I harvested so much theta on Friday, feels good.

>>	Anonymous Mon Nov 23 12:30:32 2020 No.24180509 >>24179843 That's pretty nifty. I haven't seen placing orders that way discussed elsewhere, good tip.

>>	thetalad Mon Nov 23 12:45:56 2020 No.24181084 Test

>>	thetalad Mon Nov 23 12:46:57 2020 No.24181120 >>24179843 Got banned for some reason , weird , anyway will check thank you fren , >>24179830 Will check fren , cheers

>>	thetalad Mon Nov 23 12:47:59 2020 No.24181154 >>24179830 My brokee tastyworks has smth similar , it's hard to combine high IV and high IVR

>>	thetalad Mon Nov 23 12:54:33 2020 No.24181389 >>24179843 So to get it straight is webull options flow data that gives direction ?

>>	Anonymous Mon Nov 23 13:08:44 2020 No.24181867 >>24181389 its just webull level 2 data, not sure if you mean something specific by options flow data, because im not using that. also, what country are you from?