It’s LVX through Lightspeed (I think it’s called Sterling Vol Trader now). I don’t pay any fee. I have LiveVol Pro for excel data, and for mentoring purposes. I’m aware of the redundancy, but I have an arrangement with them.
That’s good to know. I was originally executing through LVX, clearing with IB. This got all messed up when LV spun off front end to Lightspeed, and sold analytics (LVP) to CBOE. I would much prefer revert to original arrangement.
So does this LVPro excel data ($100/mth) require LVX from Lightspeed? https://www.livevol.com/options-history-realtime-excel Also does LVX have a decent excel data feed of it's own, or is the LVP excel data much more comprehensive?
LiveVolPro is a different offering owned by the CBOE with similar analytics to LVX. LVX is also a tool for trading and position management but owned by STT. https://www.lightspeed.com/trading-platforms/livevol-x/
Adam, Thank you for doing all this! I suppose that between TOS, LiveVol and IB you would have all the analytical tools that one might need-- so why the homegrown Execl?
@Doobs789 When trading fly's, is it more of a directional bet price wise or is it a bet on implied volatility? Or neither? Or both?
In order to get LV data into Excel, you need the basic $100/mo service, and the plugin, I don’t recall the cost. You do not need LVX. Basically, LVX is LVP with execution. When Cboe bought LVP, they took the excel part too. I do include LV excel in any of my spreadsheets for my clients.
All of my trades are found/modeled using my custom spreadsheets. I use LV to get the data into excel. And I use TOS for free charts/news. Keep in mind, I could build the spreadsheets using any other market data feed.
I would describe them as vol trades, that lean slightly on delta. I prefer to take the least amount of deltas as I can, but it’s often inevitable when trading spreads as a market taker. But, you need to have an opinion on price and/or vol in order to generate a trade.