These tool files can be uploaded into the TradeStation platform and used in the TradeStation RadarScreen for continuous search for stocks which can be used to build option positions which take advantage of directional moves.
|
Radar Tool |
# of Legs |
Description |
Status |
Market Price (Monthly) |
Action |
|---|---|---|---|---|---|
|
Radar Screen Tools |
|||||
|
DITM Calls |
1 or more |
This tool is used to find Stocks continuously in the RadarScreen which are on the verge of experiencing a reversal in direction to the Upside. Once these stocks are identified they should be evaluated in OptionStation to determine the deep in the money calls that would be best to invest in. |
Active |
$20.00 / 30 Days / 30 days |
|
|
DITM Puts |
1 or more |
This tool is used to find Stocks continuously in the RadarScreen which are on the verge of experiencing a reversal in direction to the Downside. Once these stocks are identified they should be evaluated in OptionStation to determine the deep in the money puts that would be best to invest in. |
Active |
$20.00 / 30 Days / 30 days |
|
These search files can be uploaded into the TradeStation platform and used in the TradeStation Rasdar Screen to continuously search for combinations of options directly which have extreme skews. Once identified in the RadarScreen, analysis in OptionStation is necessary to determine if the option combinations offer traders a favourable entry.
Firebird is currently developing a new generation of Option Skew Search tools which will find unique combination spreads directly that may present advantages to option traders. These new tools are not intended to replace the existing search tools, shown above, but will supplement and strengthen the existing tool set. The launch of these new tools is planned for 1st Q 2025.