DaytradeTeam Brainzzzz
Trading Tips and Strategies from Traders at DaytradeTeam
Wednesday, October 05, 2005
Option Trading Software
Options trading can be extremely profitable and fun, or it can be extremely costly and frustrating. Part of the difference is knowledge and experience—no question. But having a great option trading software platform can turn the odds of success in the favor of even the most novice options trader.
Obviously, there are tons of programs on the market. Most are poor, and some are good. If you have thinkorswim as your broker, you’ve already got access to the most powerful options trading software system in the world—for free! If you haven’t yet switched to thinkorswim and are looking for a retail program, here are some features that we would not do without:
Obviously, there are tons of programs on the market. Most are poor, and some are good. If you have thinkorswim as your broker, you’ve already got access to the most powerful options trading software system in the world—for free! If you haven’t yet switched to thinkorswim and are looking for a retail program, here are some features that we would not do without:
- Real-Time quote feed for real-time scanning of all options exchanges
- Analysis tool that allows you to see how volatility changes, time passage and stock price movements will effect the position and your overall portfolio
- Real-time market volatility analysis will allow you to spot opportunities quickly
- Ability to adjust simulated optins trades “on the fly”






