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I actually didnt mention specific options soft on
account your request was related to metastock capabilities and use for options,
the best options soft is optionvue, or you can use the web service of <A
href="">www.optionetics.com.
there is other site like <A
href="">www.<FONT face=Arial
size=2>IVolatility.com
forget about the greeks in my experience they dont
add anything crucial to your trading, but volatility is crucial, this was the
reason i used the ip/hv ratio when i was still investing in options in the
american market
mostly you must buy low volatility and sell (or
write) high volatility, but the problem is high or low comparing to what,
so i started to use the ratio to spot it fast, i dont have the exact code for
the ratio with me, but you can find the iv indicator on metastock quick
indicator list and for the hv i usethis formula:
<FONT face=Arial
size=2>Std(Log(C/Ref(C,-1)),10)/Std(Log(C/Ref(C,-1)),100)
make notice that while the implied is calculated
based on the option price the hv is calculated on the underlying.
about the <FONT face="Times New Roman"
size=3>group/industry ranked by their volatility, you can find in the sites
mentioned by me and debra that infomation
i never used it but optionetics is very much
discussed and recommended inoptions boards and usenet groups, but as a rule you
should check the cboe site
Bye
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Freddie
Ng
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Sunday, April 06, 2003 10:13
PM
Subject: Re: [Metastockusers] Stock
Option
Pablo,Appreciate your valuable systematic explanation.
Those points that you discussed were very important in option trading. If it
can determine or anticipate the correct underlying direction, this info can
then be used to interpret the option direction. Call follows underlying while
Put is reverse. I also understand that not all indicators are suitable for
each stock and Metastock can search and match the best indicator to optimized
profit, I wonder if I had missed out anything in Metastock for
option.Volatility(implied and Historical)Keen to know how you use
these info to analyze the option. I am aware that one can lost trade due to
volatility. You mentioned about use ratio of IV & HV, can you elaborate a
little bit more. The option volatility indicator is for IV, how do you obtain
HV in Metastock.Btw, do you have any good source where I can obtain the
volatility info. Is there any such listing of group/industry ranked by their
volatility.Best RegardsFreddie NgAt 04:07 AM 4/5/2003
-0300, you wrote:
Freddie,on using
metastock for options you have 2 problems1 Data problem2
analysis problem1 since options trade for a short period, the
problem arises, you cannotmake any analysis for a while, there is 2 ways
around it : continuoscontracts (i tried them for a while , but they are
not reliable in myopnion), the alternative is using intraday data, so
even if you can makeanalysis on daily charts for a while, at least you
can run intraday an.2 about the analysis:you must keep an eye on
the stock or whatever the option is forthen you can analyze the option
itself by common tech an. toolsthen you have to keep an eye on implied
volaitity and hystorical volatility,for while i used a ratio between the
implied volatility and hystoricalvolatilitycheck the quick drop
indicator youll find some options indicatorsPablo----- Original
Message -----From: "freddie_ng" <n07476@xxxxxxxxxxxxxx>To:
<Metastockusers@xxxxxxxxxxxxxxx>Sent: Saturday, April 05, 2003
2:00 AMSubject: [Metastockusers] Stock Option> Hi all
Metastock experts,>> Can anyone enlighten me how to make use
of Metastock to trade on> options. I own a Metastock ver 8.0, just
recently upgraded from v7.2.>> Best Regards> Freddie
Ng>>>> To unsubscribe from this group, send an
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