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A couple of points:
1) you may be overlooking OptionVue, which is certainly a leader in the option analysis field. They have good technical support.
2) the new OptionStation offers a great deal of flexibility (although it sounds like you may not need it), and I'm not sure what the Y2K debacle was that you refer to. You can design your own criteria and get more customized results with OptionStation than with the others (if you know Easy Language).
3) we have an option forum on our site that may be able to guide you to some of the answers you seek: the site is www.optionstrategist.com. Just click on "Option Talk" -- the first choice on the left-hand side of the page and you'll go into the forum.
L. G. McMillan
At 02:10 PM 6/22/99 -0500, Jay Mackro wrote: >>>> I have used TradeStation to system-trade futures for several years, but have recently become interested in adding option trading to my arsenal (and, no I haven't yet "mastered" futures, but I sure haven't abandoned them either).
OptionVue, Bay Options' Option Simulator R/T, and DeltaSoft's Option Oracle are the three products I have been looking at, though I would entertain other choices (however, you would need to be pretty persuasive to interest me in Omega's Option productafter their TS4.0 / Y2K debacle). Can any of you comment on:
- How these products compare? I'm not looking for a detailed matrix - I have already gotten their product literature, and know basic stuff such as that Option Oracle is end-of-day only. What I'm asking here are the intangibles - are any of these companies difficult to do business with? Are any of the products difficult to use?
- I've noticed that Bay Options advertises a lot less then the others - does that mean that they put their earnings into development instead of marketing, or that they are withdrawing from the business?
- Any loyal users of these products out there who want to put in a testimonial? Any disgruntled ones who want to offer a warning?
- What are the internet groups that deal with options trading issues? I used to occasionally look at alt:misc.invest.options, but when I pointed my browser at that recently, it didn't work. Was I doing something wrong (just typing "alt:misc.invest.options" into I.E. like a web address)? Do any of the products have a users' list, like the Omega List?
Obviously, you can't address these questions without knowing what I intend to be doing. Basicly, I would like to do end-of-day analysis on index options (OEX and Dow), looking for opportunities to enter spread positions. So, I don't need up-to-the-minute analysis of pricing inefficiencies on 5000 options on every NASDAQ stock. On the other hand, I would like a product that I can grow into, as my expertise builds, and my strategies expand.
Thanks
Jay Mackro
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