bhargavacanada
4 posts
msg #142366
- Ignore bhargavacanada |
2/20/2018 7:42:35 PM
Hello Folks,
I am planning on selling put options (short put options) on "Weekly" options with narrow Bid/ Ask price (max 2-3 cents) and extremely high liquidity.
Here is a modified filter:
symlist(iwm,spy,xlf,gld,tlt,dia)
set{volatility, weekly atr(5)}
set{base, weekly close}
set{strikeprice, base - volatility}
add column weekly close {weekly close}
add column volatility
add column strikeprice {Target strike price for selling puts}
add column R1
add column R2
add column S1
add column S2
add column RSI(15)
chart-display is weekly
draw price line at strikeprice
Can someone please guide on following:
1. Does this filter looks okay?
2. Any improvements that you can suggest?
3. Is there a possibility to add Implied Volatility (IV) or something similar? IV is a very important metrics in option trade.
4. Any possibility to add option pricing at particular strike points, and expiry dates?
5. Any possibility to add option greeks?
6. How can I backtest this filter?
Thank you very much in advance.
Best Regards.
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dwiggains
441 posts
msg #142373
- Ignore dwiggains |
2/21/2018 9:53:17 AM
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gmg733
788 posts
msg #142387
- Ignore gmg733 |
2/21/2018 5:00:03 PM
You don't need a filter or a chart to trade options or more specifically sell puts.
1. find liquid instruments to trade as you indicated.
2. sell the delta you are comfortable with selling. if you don't know what delta is then don't trade options.
3. only sell puts in instruments with high IV
4. manage profits early
5. know your exit plan before taking the trade or adjustments you'll make if the trade goes against you
You'll make money if you can do these things.
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bhargavacanada
4 posts
msg #142663
- Ignore bhargavacanada |
3/8/2018 1:44:27 PM
Thanks! Is there a way to find high IV options in StockFetcher? Is there a filter? I want to marry high IV with resistances (1,2,3) and supports (1,2,3) to determines the selling strikes.
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mahkoh
1,065 posts
msg #142674
- Ignore mahkoh |
3/8/2018 3:59:07 PM
This may be an interesting thread for you
https://www.stockfetcher.com/forums/Stock-Picks/TRADING-IRON-CONDORS-FUN-WITH-OPTIONS/120468/60
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