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Fred,
as a professional option trader, the program I use, and recommend highly, is
OptionVue5 (no affiliation).
I also own Omega's OptionStation; however, it is useless to me because of
its primitive data handling (too much has to be done manually), and faulty
or non-existent implementation of the more complicated strategies.
As regards the writing of systems for option trading, this is a fata morgana
anyway. Most of the time, historical option data are extremely unreliable,
and have nothing to do with the actual pricing of options on the floors of
the exchanges. This is unfortunately true for virtually all of the US
exchanges. Unless you have full historical "bid" and "ask" (not "last"!)
prices for every minute of the trading day, you would just be kidding
yourself with any such "system".
Best wishes,
Michael Suesserott
-----Ursprüngliche Nachricht-----
Von: Fred Finch [mailto:ffinch@xxxxxxxxxx]
Gesendet: Saturday, April 07, 2001 01:32
An: Omega List
Betreff: Option Software
Hello List,
I have decided to add option trading to my many and varied ways of losing
money. No, just kidding ;o). I do have a serious question though. I am
looking at several different software packages to manage and trade options.
I have currently narrowed it down to OptionVue 5 and TS OptionStation. I am
aware of the cost difference and the additional capability as far as system
writing and the such goes of OptionStation. So those differences have been
discounted.
I would like to get a real world view of each package and how it and the
company's support and knowledge compare. I am a long time user of TS and on
and off lurker of this list so I am aware of the current state of Omega. I
guess that's why I'm even looking at other packages.
Any and all comments, advise, and other software suggestions would be
greatly appreciated.
Fred
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