Does anyone of you know a bout a software which can show the option trade in graphics? If it is a Mac Software even better.
I would not mind to enter the values, but if it works with actual quotes even better
Joe
Peter
September 8th, 2011 at 5:59pm
Hi Tim,
BTO and STO are terms used within some online trading platforms to describe the type of order placed. BTO = Buy to Open and STO = Sell to Open.
Open means a new position as opposed to BTC, which is Buy to Close. A BTC is used when placing a buy order for an amount that offsets a previously opened sell (or short) position.
A short call is where you have sold a call option without first owning it and hence your position is short. Read the page on short call option for more.
Tim
September 8th, 2011 at 5:48pm
Peter I am new here. what does BTO and STO mean and what is the definiton of a short call? Can you give an example?
Peter
April 13th, 2011 at 12:42am
It depends on what market you want to trade. You might want to check out VOptions - you can download data for all US option markets.
Once the data is loaded you can analyze different strategies and then paper trade each position.
Elbow
April 12th, 2011 at 8:28am
Peter, I'm at the point now that I want to test theories and practice trading. What is the best avenue to do paper trades? I've not got an account with a broker, so I'm not sure how to best get price data. Is there a way to get price data in bulk without an account? Thanks.
Peter
February 15th, 2011 at 2:47am
Hi Young, the format is;
Date, Open, High, Low, Close, Volume
Young
February 15th, 2011 at 12:29am
Borrowed your historical S&P 100. I can guess at the format, except the last column: Open, low,high,close, something?
If I'm close, good enough, is it simply research on statistical methods. If you want, email the right format: (email removed)
Peter
October 31st, 2010 at 3:47am
Hi Alan, yes, you can buy the March 2011 call options at the lower strike price, no problem. $995 is correct.
You cannot sell the options for a profit AND take ownership of the shares.
If you sell the options for a profit then you forfeight your right to "exercise" the options to take ownership.
You can exercise the options, take ownership and then sell the shares that you just took delivery off to realize the profit - or just hold the shares.
Alan
October 30th, 2010 at 3:08pm
Hi Peter: I'm new to options and appreciate your thoughts
I would like to buy a call option for Co. ABC - present share price is $57.00 Can I buy a long call option for a mid March 2011 expiry at a lower strike price at $50.00? the cost to purchase would be $9.95 ea contract so I presume 1 x $995.00 + comms is my cost.
my Q is if the share prIce beteen now and March 2011 rises i can sell at a profit and take ownership of the 100 shares and sell at a profit however if the share price tanks below $50.00 i let the option expire and walk away? so my loss is limited to $995.00 + comms?
Comments (10)
Peter
February 2nd, 2012 at 5:35pm
I don't know of any standalone software that does this on a Mac - but you're welcome to use my spreadsheet for graphing option positions;
Option Trading Workbook
Alternatively, you can view an online version here;
Online Option Calculator
Joe
February 2nd, 2012 at 9:30am
Hi from Germany,
thank you for this great site!!!!
Does anyone of you know a bout a software which can show the option trade in graphics? If it is a Mac Software even better.
I would not mind to enter the values, but if it works with actual quotes even better
Joe
Peter
September 8th, 2011 at 5:59pm
Hi Tim,
BTO and STO are terms used within some online trading platforms to describe the type of order placed. BTO = Buy to Open and STO = Sell to Open.
Open means a new position as opposed to BTC, which is Buy to Close. A BTC is used when placing a buy order for an amount that offsets a previously opened sell (or short) position.
A short call is where you have sold a call option without first owning it and hence your position is short. Read the page on short call option for more.
Tim
September 8th, 2011 at 5:48pm
Peter
I am new here. what does BTO and STO mean and what is the definiton of a short call? Can you give an example?
Peter
April 13th, 2011 at 12:42am
It depends on what market you want to trade. You might want to check out VOptions
- you can download data for all US option markets.
Once the data is loaded you can analyze different strategies and then paper trade each position.
Elbow
April 12th, 2011 at 8:28am
Peter,
I'm at the point now that I want to test theories and practice trading. What is the best avenue to do paper trades? I've not got an account with a broker, so I'm not sure how to best get price data. Is there a way to get price data in bulk without an account?
Thanks.
Peter
February 15th, 2011 at 2:47am
Hi Young, the format is;
Date, Open, High, Low, Close, Volume
Young
February 15th, 2011 at 12:29am
Borrowed your historical S&P 100. I can guess at the format, except the last column:
Open, low,high,close, something?
If I'm close, good enough, is it simply research on statistical methods. If you want, email the right format:
(email removed)
Peter
October 31st, 2010 at 3:47am
Hi Alan, yes, you can buy the March 2011 call options at the lower strike price, no problem. $995 is correct.
You cannot sell the options for a profit AND take ownership of the shares.
If you sell the options for a profit then you forfeight your right to "exercise" the options to take ownership.
You can exercise the options, take ownership and then sell the shares that you just took delivery off to realize the profit - or just hold the shares.
Alan
October 30th, 2010 at 3:08pm
Hi Peter:
I'm new to options and appreciate your thoughts
I would like to buy a call option for Co. ABC - present share price is $57.00 Can I buy a long call option for a mid March 2011 expiry at a lower strike price at $50.00?
the cost to purchase would be $9.95 ea contract so I presume 1 x $995.00 + comms is my cost.
my Q is if the share prIce beteen now and March 2011 rises i can sell at a profit and take ownership of the 100 shares and sell at a profit however if the share price tanks below $50.00 i let the option expire and walk away? so my loss is limited to $995.00 + comms?
Add a Comment