Dear Sir,
In my opinion if you add options to NT your software became unique in the world!
What do I mean?
I mean that not only you have to add options as instruments but you have to
extend your script language to manage selection of options and buy/sell of options
together with underlying.
This will be a vey powerful add-on for NT because it is substantially
impossible to find a software able to do this (It is not possible using Options Trader of Tradestation to develop a strategy based on underlying+options; you can only do a very simple backtest of a strategy based entirely on options!!).
This is just a macro-analysis:
1-to collect at least EOD data on option chain to populate a DB (Kinetick?)
2-function to select an option from a DB : a SQL like syntax like this:
"where type=CALL and striking_price < 100.00 and open_price > 20.0 and expiry=12/23/2011 order by striking_price desc"
2-As usual functions to Buy Long and Sell Short options
3- functions to create combos (bull spread, bear spread , box, etc etc): the sell or buy of a combos generate more than one position on options
4- function to roll positions at expiry so it is possible to test a long/medium term strategy
5- The performance summary will report underlying and option trades
Thank You
Regards
GB
In my opinion if you add options to NT your software became unique in the world!
What do I mean?
I mean that not only you have to add options as instruments but you have to
extend your script language to manage selection of options and buy/sell of options
together with underlying.
This will be a vey powerful add-on for NT because it is substantially
impossible to find a software able to do this (It is not possible using Options Trader of Tradestation to develop a strategy based on underlying+options; you can only do a very simple backtest of a strategy based entirely on options!!).
This is just a macro-analysis:
1-to collect at least EOD data on option chain to populate a DB (Kinetick?)
2-function to select an option from a DB : a SQL like syntax like this:
"where type=CALL and striking_price < 100.00 and open_price > 20.0 and expiry=12/23/2011 order by striking_price desc"
2-As usual functions to Buy Long and Sell Short options
3- functions to create combos (bull spread, bear spread , box, etc etc): the sell or buy of a combos generate more than one position on options
4- function to roll positions at expiry so it is possible to test a long/medium term strategy
5- The performance summary will report underlying and option trades
Thank You
Regards
GB
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