Comments on: Free option charts http://sixfigureinvesting.com/2010/03/free-option-charts/ If you are sick and tired of buy and hold Thu, 02 Feb 2012 04:58:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bry http://sixfigureinvesting.com/2010/03/free-option-charts/comment-page-1/#comment-3378 Bry Wed, 18 Jan 2012 21:12:00 +0000 http://sixfigureinvesting.com/?p=1061#comment-3378 Really good information. Thanks! Really good information. Thanks!

]]> By: Vance http://sixfigureinvesting.com/2010/03/free-option-charts/comment-page-1/#comment-2584 Vance Sat, 05 Nov 2011 17:19:16 +0000 http://sixfigureinvesting.com/?p=1061#comment-2584 Hi Phil, The only free options charts I'm aware of are at BigCharts (see http://sixfigureinvesting.com/2010/03/free-option-charts/). I've heard that optionsExpress, has good options charts, but I have not seen them. Option volumes tend to be very light except for the popular stocks/ETFs and even then most of the action is in the option strike prices close to where the stock is currently trading. Options with low / non-existent volumes often quote wide big / asked spreads, but I've found that I can often buy or sell options close to the price halfway between those two quotes. I usually have to give up a penny or nickel to the market maker. So for example if I wanted to buy a option and the the quote was 0.8 bid, 1.1 asked I would put in a limit order for 0.95, and if that didn't fill after a few minutes, cancel that order and re-enter at 1.00. If you are ever confused as to whether you should be using the ask or the bid price, just ask yourself which is worse for you, and that will be the price the market is offering for that transaction. Never use a market order on options unless it is a very active, with very tight spreads, and you are concerned about the market "running away" from you. -- Vance Hi Phil,
The only free options charts I’m aware of are at BigCharts (see http://sixfigureinvesting.com/2010/03/free-option-charts/). I’ve heard that optionsExpress, has good options charts, but I have not seen them. Option volumes tend to be very light except for the popular stocks/ETFs and even then most of the action is in the option strike prices close to where the stock is currently trading. Options with low / non-existent volumes often quote wide big / asked spreads, but I’ve found that I can often buy or sell options close to the price halfway between those two quotes. I usually have to give up a penny or nickel to the market maker. So for example if I wanted to buy a option and the the quote was 0.8 bid, 1.1 asked I would put in a limit order for 0.95, and if that didn’t fill after a few minutes, cancel that order and re-enter at 1.00. If you are ever confused as to whether you should be using the ask or the bid price, just ask yourself which is worse for you, and that will be the price the market is offering for that transaction. Never use a market order on options unless it is a very active, with very tight spreads, and you are concerned about the market “running away” from you.

– Vance

]]> By: Phil Steinke http://sixfigureinvesting.com/2010/03/free-option-charts/comment-page-1/#comment-2573 Phil Steinke Fri, 04 Nov 2011 20:51:43 +0000 http://sixfigureinvesting.com/?p=1061#comment-2573 Hi, I am new to options trading and I am looking for historical charts of daily option contract volume for specific stocks. Can you help me find something? thanks, Phil Hi,
I am new to options trading and I am looking for historical charts of daily option contract volume for specific stocks. Can you help me find something?
thanks,
Phil

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