Registered: Oct 2012
Posts: 28

Hi everyone, I wonder if I can find a software/website which could do some basic options analysis. I'm trading spreads, therefore I want to be able to scan the market to find options that meet specific critiria.

For example,if I trade calendars, I want to find a high IV front month option and a low IV backmonth option with same strike.

I will be really grateful if you can recommend me such a software/website! Thank you

Registered: Mar 2012
Posts: 113

I am using Hoadley but specifically for what you are looking I think you should look at optionstar. It can use the IB datafeed and scan, analyse calendars (Hoadley is not the best for calendars) etc.

Registered: Apr 2011
Posts: 840

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Quote from kapw7:

I am using Hoadley but specifically for what you are looking I think you should look at optionstar. It can use the IB datafeed and scan, analyse calendars (Hoadley is not the best for calendars) etc.

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Registered: Oct 2012
Posts: 28

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Quote from kapw7:

I am using Hoadley but specifically for what you are looking I think you should look at optionstar. It can use the IB datafeed and scan, analyse calendars (Hoadley is not the best for calendars) etc.

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Registered: Mar 2012
Posts: 113

Hoadley doesn't provide the scanning function that the OP is looking for but it is very powerful with a lot of other functionality for the asking price. Except for the built-in applications there is a wide library of Excel functions available.

For example I am not great with statistics but I managed to do a covariance matrix and even PCA (principal component analysis) and I still know very little about the maths behind those. One could argue that you can build even better functions on your own or download freely from the internet, but then you have to consider the amount of time you need to spend on writting the code, validating etc. And this assuming you are competent with programming and technically profficient. I mean just being a good programmer is not enough to write code on eg a Heston model

Registered: Aug 2011
Posts: 3514

remember you might be able to acess functions .. but you can't dig through the hoadley code.. its behind a password.. anything across the term structure is really tough to model in Hoadley.. maybe i need to spend time with it.. or maybe i just did it wrong.. of course theres always think or swim.. i personally love hoadley.. quick and clean... i'm only just beginning to learn the holes and exploits in term structure (calender) trading with options.. so take what i say with a grain of salt.. just take a look at this see if it helps you figure out whats going to happen to this time fly..


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