Brokers really drop the ball when it comes to being useful.

I have come to rely on brokers to supply as little useful information as possible in the most cumbersome way possible.

Like on the options chain, you might be given the expected move for the expiry date if you're lucky, but that's about it. They don't actually utilize the data. At best it can be used to guestimate if the strike will end up itm/otm. Other than that you have the pnl chart, but that is cumbersome if you are trying to pinpoint a trade in real time.

What my spreadsheet does is calculate the price target via a 1SD move each day so you can see the pnl expectations at a glance for that strike

Current BITO price: 19.04
Buy 25 BITO SEP27 18.50 PUTS @.26




So all I have to do is change the strike price and the pnl data will be output.


Anyway, not sure if this is about the shortcomings of brokers so much as me flexing my spread sheet again!

 

6 1sd moves in a row. All same direction. Useful.

 

If I'm buying a call wtf do I care where the puts are going? lol

 

*If I'm buying a put wtf do I care where the calls are going.lol

 

You posted a useless spreadsheet and then responded with an off topic comment.

 

The rest of us were wondering why you were engaging him!

 

First of all there isn't a spreadsheet out there that can do what my sheet can do.

Secondly, do you even understand how expected moves work? It's a price target within a specified time frame. It doesn't mean that price will stripper pole straight up or down, or that it will be reached at all lol.

This sheet allows me to quickly move through different strike prices and compare pnl at various price levels by a specific day. If I did not expect these levels to be reached then I would not be buying a put!

btw I can also adjust for 1 SD, 2 SD, 3 SD.

Now I have all the info I need at a glance. Here is a put contract as you can see mianders its way into a profit from the chart on the right.

 

Be humble my man, show respect.

2rosy was probably a professional when you were still in primary school.

If they say it's useless, it's useless.
Try to figure out why instead of going full on delusional mode.

 

It's probably useless to rosy because he has no directional skills, so he has no clue what price targets are in play lol.

I doubt there are many if any "professionals" out there at my level of forecasting ability...quants included! Besides, we all know that retail, not suits, is where the true talent is when it comes to trading.