Jul 02

Tools of the Trade

For a successful execution of Option trades, one needs a versatile platform that lets you analyse the trade, conduct back testing, play with various options before placing the trade. I use ThinkorSwim platform for my trading.

For crunching numbers, nothing comes close to online Google spreadsheets. I can fetch Stock prices (no option prices). Here is a sample:

For news, I depend on Bloomberg TV and CNBC app on Ipad. Both are free apps on Itunes store.

For interesting articles and contrarian views, I head over to SeekingAlpha.

For reference, I always have The Bible of Option Strategies handy on my desk. I can look up strategies by name, volatility and income using this useful guide by Guy Cohen.