My OptionVue Experience

Discussion in 'OptionVue Forum' started by Scott Slivnik, Oct 8, 2015.

  1. Scott Slivnik

    Scott Slivnik Well-Known Member

    OptionVue FINALLY came through. I refused to obtain a VPS but kept working with them to find a solution that did not involve me spending more money. They responded stating they were stumped and then got an e-mail yesterday afternoon with VM, TOS and OptionVue settings to try. So far so good. :)

    Glad a solution was finally uncovered.

    When using TOS with the correct volatility mode, it is more than accurate to trade with. I believe the Volatility smile approximation mode uses the same approach OptionVue uses, however, OptionVue is more refined and a bit more accurate as a result.

    Not sure if I will renew my subscription next year or not. If I do, I will definitely switch to the monthly subscription. I will not make that mistake twice.

    Scott
     
  2. GreenZone

    GreenZone Well-Known Member

  3. Scott Slivnik

    Scott Slivnik Well-Known Member

    I looked briefly at information on their API and may have fun with it in the future. Looks like fun but do not have time right now and for the foreseeable future.

    Scott
     
  4. DukeB

    DukeB Guest

    Scott,
    I just changed my vol model on TOS to the smile. Before the change the delta was -2.8 after the change it was -9.12. I am in a WEIRDOR and made the adj based upon a delta of 15 on 10/14/15, I wonder if the delta setting indicated a much higher delta (indicating an adjustment is necessary) than was really the case. Thereby making the adjustment unnecessary.
    Scott, really sorry you had issues with OV. I noticed in a later post things may turn out OK.
    Also, really do appreciate the info on the TOS platform relating to vol/delta.
    Duke
     
  5. Al G.

    Al G. Well-Known Member

    Duke if you follow Amy's guidelines to adjust weirdor, , she uses ONE which are the default TOS settings not volatility smile. Ie she has been successful in adjusting based on default settings.

    Thanks
     
  6. DukeB

    DukeB Guest

    Al,
    I was unaware of her settings. I did not know enough about this subject to ask her before reading this forum. Her track record is excellent.
    I am new to this type of trading. It strikes me as odd that for such a critical measurement (delta) that there could be such a huge discrepancy. Could it be that at the time of the adjustment that the OV delta and TOS delta were very close?
    Thank you, Al,
    Duke
     
  7. GreenZone

    GreenZone Well-Known Member

    Doubtful.

    If you're going to follow a particular strategy, be it John Locke trades, or Brian Larson's Rhino, or Amy's weirdor, then I'd recommend that you use the same software (and settings) which they use.
    A 25 delta in OV (eg for the Rhino delta adjustment guidelines) is going to be different than what you see in TOS, regardless of whether you're using the standard "individual implied volatility" or the "volatility smile approximation".
     
  8. Scott Slivnik

    Scott Slivnik Well-Known Member

    Based on my testing, TOS when using Volatility Smile Approximation caused me to stop adjusting way early or way late when using TOS. OptionVue is clearly more accurate yet which is why I am happy that OptionVue is usable for me now. I use my own manage by the greeks management style so accurate greeks is important.

    I agree that one should start with the software and settings the strategy creator uses.

    Scott
     
  9. uwe

    uwe Well-Known Member

    I asked them, if I could get access to this API for BBpricer - no positive response yet. Just some standard answer.

    IB is very different! The API is documented publicly and open for everyone. So, while I would love to support TOS in BBpricer, I don't know how.
     
  10. Rich

    Rich Member

    Hi Uwe,

    Did you ever get access to the TDA API? It is VERY hard to get access. I had to complain massively for weeks and raise it to the VP level, with genuine threats to stop high volume trading and then leave as a TDA customer, get your local representative involved, and they finally granted access. You must be a good coder and able to work without current documentation or current code examples. The existing documentation is very old (~2009). There is an example of a streaming REST API that is pretty instructive, but it is old too. There is no support available like the Trade Desk. The API Forums are locked dead for editing, so we cannot ask questions. We can only troll through old forums Q&A and OLD code examples contributed by customers. The examples work, but they are incomplete demos of what is possible. My opinion is that it is all really lame, like they wanted to kill it completely and almost totally succeeded. It is obvious that they don't want people using it, because it is unsupported. I've looked at the IB API and it is MUCH better, modern, and has some direct support by IB.
     
  11. uwe

    uwe Well-Known Member

    Hi Rich,
    no, they didn't even reply. As I am not a customer (living in Europe, no account possible) I can not make any pressure.
    So my software will be IB only for now.
     
  12. Kevin Lee

    Kevin Lee Well-Known Member

    You mean European residence can't open a TOS or TDA account ?
     
  13. tom

    tom Administrator Staff Member

    Correct Kevin. TD Ameritrade killed a LOT of a accounts a few years ago.
     
  14. GreenZone

    GreenZone Well-Known Member

    Rich, please let me know of any useful content you may have found out regarding the TD API.
    I do have access, but I haven't got around to coding anything yet.
    Any useful reference material you may have come across would be welcomed.
    Thanks.
     
  15. uwe

    uwe Well-Known Member

    As German citizen I can only open a cash account. So no short options, and you have to wait 3 days after selling something before you can reallocate the money. For our trading an useless account.
     
  16. vega4mike

    vega4mike Well-Known Member

    Hi uwe,
    http://optionworkshop.net/ -----Not for backtesting so not a replacement for OV, but may help with real time analytics...They have finally released their software but needs work to be able to cope with our style of trading. They seem to be able to get data from IB without any of the issues that OV has. So it can be done, guess its a matter of which technology you use, something I'm not an expert on...:(.
     
  17. Kevin Lee

    Kevin Lee Well-Known Member

    Thanx for shaing. Optionworkshop looks interesting. How much is the s/w subscription?

    I don't have IB. They seem to suggest CQG in their documentation. Is there extra fees for data?
     
  18. vega4mike

    vega4mike Well-Known Member

    I don't know how much it will cost, still on their trial version. You have to provide the data, from their documentation, CQG, IB & IQ. I'm sure that they can add TOS if requested. I find them very responsive to ideas, they are new to this space & I suspect would want customers.
     
  19. Vijay

    Vijay Member

    Every time I make an adjustment on my trade, the P/L numbers are completely wrong. Anyone else having this issue? I called OV support but no one got back to me with any solution.
     
  20. Kevin Lee

    Kevin Lee Well-Known Member

    Did you checked on the "G/L to include previously realized G/L's" ?

    upload_2016-3-25_11-18-38.png
     

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