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John J

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Joined: 8/3/2010
Location: Leduc, AB

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Subject : Options in ATM
Posted : 2/23/2018 6:25 AM
Post #44119

I have recently posted my opinions elsewhere, but it seems to have been lost in the shuffle...

Given the current implementation, an option tradeplan needs to be part of a strategy obviously. However, a signal produced by a strategy is nothing but a binary switch (the signal is either 100% bullish/bearish or nothing at all). With options on the other hand, the option spread you pick depends on HOW bullish/bearish/neutral you happen to be. So in reality, it stands to reason that it really only makes sense to trade long Calls/Puts from signals. For instance, it doesn't make any sense at all to have signals trigger delta neutral option tradeplans, only whenever certain conditions occurs.

This is exactly the functionality ATM brings to the table. In ATM, we should therefore be able to bypass the strategy altogether, and let Market State/Trade Filtering/Trade Ranking/Allocation determine which option tradeplan to use. This will require an 'Option TradePlan' tab to be added to the ATM Toolbox for obvious reasons.

Deleting message 44119 : Options in ATM


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