Forums - Butterfly Scanner ?

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Main ›› Options ›› Butterfly Scanner ?

Whistlingleaf

Registered: Nov 2005
Posts: 293

10-22-12 12:49 AM

I've looked high and low and can't find an options scanner that scans specifically for butterfly spreads by P&L and allows me to change strike intervals.

I found optionistics and it's close but is lacking some functionality that I'd like to have in a scanner.

Even if it's an online broker that would be fine as I could just drop some money and open an account.

ps if someone says TOS ... I think I'll pull my hair out.

Edit/Delete • Quote • Complain

2rosy

Registered: May 2012
Posts: 335

10-22-12 02:06 AM

Quote from Whistlingleaf:

I've looked high and low and can't find an options scanner that scans specifically for butterfly spreads by P&L and allows me to change strike intervals.

so all you want is a scanner that lets you change strikes? you know a fly is just a spread between 2 verticals.

Edit/Delete • Quote • Complain

atticus

Registered: Mar 2007
Posts: 12600

10-22-12 02:17 AM

Scanning for fly risk isn't optimal. The debit is inversely proportional to vol, but where do you start as you can structure dozens of flies (5 wide to 50 wide). Mine top-decile tickers with IBTWS (IV or IV/SV).

Edit/Delete • Quote • Complain

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Rithmic Futures Trade Execution Platform SpeedTrader Direct Access Trading	SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider