Can someone recommend a good options charting software? I'm fairly new to options, hence I don't know what are the right tools to use.
Not sure if it evens helps a bit, or if there is any point to it. Just curious if there is such a software available, and if so; is it of any use at all?
I would suggest looking elsewhere. Options are primarily derivatives of price so they'll loosely track the underlying. Other than the most liquid ones (high volume), they're apt to zig zag around the price curve because B/A spreads can narrow and widen, IV can fluctuate and the last trade may have been minutes (or more) earlier. You'd be better served trying to figure out what the underying will do
D'OH! It's all good though I figured if there was a chart for all the different prices it would be easier to pick the most volatile strike prices. Oh well back to guessing I suppose. Thanks for your reply though. The underlying would go in circles like it always does
Suppose you could find the most volatile strike prices. What good would it do you? If you bot calls and the stock dropped, you're whacked. If you bot puts and the stock rose, you're whacked. It's all about the underlying. It's good to have an inquisitive mind looking for an angle but trust me, you're going the have to kiss an awful lot of frogs before you find a beautiful price.
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