Spread Hacker

Are there other alternatives to ToS Spread Hacker? Very nice tool but I was wondering if there are better ones out there.

 

Take a look at ivolatility.com -- but unlike the free Spread Hacker of ToS, you will have to pay for their services.
~B

 

Thanks for the suggestion. The suite of scanners goes for $80 a month. I'll give it a try.

 

I took a look at Spread Hacker and it seems to only evaluate credit spreads. So I went to chat/help with a rep and asked how I could utilize SH to analyze debit spreads. His reply was "our philosophy is not to buy premium." When I asked why I got no further response. WTF?

Who cares what their beliefs are? So they create a tool biased to their opinions?

Spread Hacker? Not a flexible tool, IMHO.

 

Didnt realize that. That does suck. It's free so cant mind too much.

 

How can you not realize that? 10 minutes of playing around with it or watching the tutorial and it becomes quite obvious.

 

maybe there is a lesson to be learned ?

 

What would that be, to buy into their philosophy of only selling premium? Seems very narrow minded if you ask me.

My philosophy: to consider all my options and then select the strategy I've concluded would give the best risk/reward characteristics given the current situation. Limiting my analysis by only allowing me to consider selling is not conducive to said philosophy.

Of course, the other "lesson" is, you get what you pay for. But why go through the hassle to develop and write software that is so biased in one direction?

Bottom line is neither "lesson" is worth learning and flawed, IMHO.

 

You need to take a breath and relax. It's a very nice tool that is FREE. For people who sell premiums, it's a good time saver.

 

I'm relaxed and breathing fine. Spread Hacker is indeed FREE. That's the lesson, FREE = unprofessional tool/limited usefulness.