Track your options trades and analyze your performance. Use simple data points to improve your trading and identify the best opportunities.
Your trade data is protected with 128-bit encryption and a firewall. It is also backed up regularly and access is restricted based on user roles. There are also comprehensive audit trails.
Real-time data
Real-time data is a vital tool for traders, providing accurate and up-to-date information. It allows you to monitor your own positions and analyze market trends. In addition, it can help you find opportunities for new trades and improve your risk management strategies.
The program provides access to historical OPRA options data via a websocket stream. This stream updates every 500ms, or 18 million updates per minute. This stream is more efficient than polling the historical endpoints.
OPRA data includes option quotes and trades as well as implied volatility and delta, gamma, and vega options sensitivities. It also contains the historical underlying symbol price data and all dividend, corporate action, and split/spinoff data.
The information provided on this website does not constitute investment advice. Investors should carefully evaluate the merits and risks of investing in a particular security or trading strategy, including the potential for loss. See the Characteristics and Risks of Standardized Options (ODD). Please read the ODD before making any investments.
Charting tools
If you’re a serious options trader, you need to have access to quality charting tools. In addition to displaying real-time market data, they can help you track and analyze your options trading performance. They can also be used to predict future price movements based on historical data.
Tradervue is an options trading journal that provides users with a range of advanced charts and tools. Its user-friendly interface allows you to customize your chart layouts and view multiple data points simultaneously. It also has a unique feature that allows you to share trades with other users. Its customizable tools and zero-commission trading make it an ideal option for aspiring traders.
The program also offers options flow and option chain data on indices and futures. It can help you identify massive option bets on popular indices like /ES, /6E, and /GC. Additionally, it has features to help you meet international reporting requirements, including 10K/Q filings and proxy disclosures. Check out more at https://medium.com/@steven.nash_50478/https-www-storeboard-com-wingmantracker1-1a23be26006f.
Alerts
A reputable option trade alert service will have a variety of tools to help you analyze a potential trading opportunity. These may include a scanner that looks for unusual trading activity, and a set of pre-built strategies designed to take advantage of this activity. They will also have a track record that proves their trades are profitable (or at least close to it).
These services typically provide several options trading alerts per week. They leverage algorithms and in-house experts, as well as extensive real-time data and analysis. They also have a proven track record, which makes them stand out from the tidal wave of low-grade “trading signals” with no track records at all.
These alerts will be sent via push notifications, text messages, and emails. They will contain detailed information about the trade, including the option contract, strike price, and expiration date. In addition to this, they will provide market analysis and commentary that explains why the trade was recommended.
Paper trading
Many trading platforms offer paper trading as part of their services, and it can be an effective way to learn market strategy without risking real money. It helps beginners understand how market psychology affects trade decisions and outcomes, and it allows them to practice and refine their strategies in a no-pressure environment. It also teaches them how to navigate trading platforms and use their analytical tools.
Moreover, it can help them identify and strengthen their weaknesses. However, paper trading is not foolproof and comes with its own drawbacks. It may lead to a false sense of confidence or overconfidence, which can be costly in the long run.
Paper trading also enables participants to understand the impact of fees and market dynamics on their investment profitability and strategy. It teaches them to examine winning and losing trades in detail, which is an important step in the analytical process. Lastly, it teaches them to understand the importance of emotion control.