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I am looking for a system that will help me straddle ndx and oex.
Currently I take the avg open - close for one trading year and the high
minus the low for one trading year. On both NDX and OEx this works out
to be around 11,9 and 9,7. I then draw a line out 11 points down and up
from the close, and 9 points down and up. This makes some thing like a
fibonacci lines. I am looking to be able to add another "break even
line". That would show the value of a straddle. I am straddling NDX and
OEX because they trend the same way and are made up of some of the same
stocks and they are priced so that you can buy a call on one (at the
money) and a put on the other (at the money). I am also looking into
sell a call and put one strike out on both Indexes and covering it with
the in the money option. I would like the break even line to reflect
this in real time. I would like to back test to see what sort of profit
could be had if you close one side when the index moves above the open -
the close
I am also looking to get a boolean News bar. In other words on a chart
you can say greenspan and interest rates. If a story came out on this
the color of the current bar would change.
Thanks Jeff Crystal
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