MM
I have outlined the criteria for you with the long trade call options and I am sure you understand it.
DBMS driven
I filter candidates from the universe of CBOE tickers with options traded .. 4500 off each day
I then filter then for a SMA criteria on these to get liquidity .. brings it down 2000 or so each day
This then reverse filter to my set of rules .. finds the tickers that pass .. about 1000 each day make it through that hoop
I then run my model and it finds about 40 - 50 each day that are tradable, new potential positions
At this point I am like a dogs with two dicks
So i literally start at the top of the charts of the 50 and take the best looking 5 or so and the others drop off the radar
Not that elegant but if I cannot manage any more
It is solid and I do not have sweat too many open positions
Would like to automate the trade placement and management portion through IB and that is a project on the list
HTH
I have outlined the criteria for you with the long trade call options and I am sure you understand it.
DBMS driven
I filter candidates from the universe of CBOE tickers with options traded .. 4500 off each day
I then filter then for a SMA criteria on these to get liquidity .. brings it down 2000 or so each day
This then reverse filter to my set of rules .. finds the tickers that pass .. about 1000 each day make it through that hoop
I then run my model and it finds about 40 - 50 each day that are tradable, new potential positions
At this point I am like a dogs with two dicks
So i literally start at the top of the charts of the 50 and take the best looking 5 or so and the others drop off the radar
Not that elegant but if I cannot manage any more
It is solid and I do not have sweat too many open positions
Would like to automate the trade placement and management portion through IB and that is a project on the list
HTH