StockFetcher Forums · Filter Exchange · Simple filter for long term option trades<< 1 2 3 4 >>Post Follow-up
snappyfrog
183 posts
msg #145896
Ignore snappyfrog
1/7/2019 7:50:03 AM

This is a simple setup I use to find calls and puts that I can hold longer term. At this point, I would be buying monthly contracts for Feb. If the trend holds, I will roll out to the next month by the beginning of the second week of Feb to reduce theta burn. I am looking for an entry at or near the cross (call or put).

I am not looking to hit dead bottom or top, but to be more careful of the trend first and then holding as long as possible. My exits are usually based on the EMA(13) and then waiting for the next Stoch cross.

Obviously, you would need to add your own style, so I am only posting the basic of the Full Stoch.

Fetcher[
apply to symlist(GE,AMD,F,CHK,USO,NOK,SIRI,RIG,SWN,SNAP,CZR,S,FCX,ABEV,RF,JCP,CLF)

and draw Stochastic %K(40,40,4)
and draw EMA(13)
chart-time is 4 months
]





Cheese
402 posts
msg #145902
Ignore Cheese
1/7/2019 11:13:25 AM

Good one, snappyfrog.

Schubert05
7 posts
msg #146011
Ignore Schubert05
1/12/2019 1:48:59 PM

Why do you only use the filter on the stated signs? is it because you are comfortable trading them or you have a criteria for choosing the signs? Can I use this filter for other tickers?

snappyfrog
183 posts
msg #146023
Ignore snappyfrog
1/13/2019 6:42:11 AM

Schubert05 you can use it on any optionable stock or ETF (as long as it has volume and OI). This is just my favorite list of optionable stocks to trade. I am most familiar with this list and trade them over and over.

scottoddscom
26 posts
msg #146054
Ignore scottoddscom
1/14/2019 2:19:27 PM

Which one? Calls or puts? They go in different directions and I assume the filter only works one way.

snappyfrog
183 posts
msg #146059
Ignore snappyfrog
1/14/2019 9:10:45 PM

I purposely didn't put a line in for the cross up or down. I use a limited number of optionable stocks, so I can glance through them quickly. You can easily add a line to make it a call or put filter and any other specifics that will make it fit your style of trading.

But, as I said, I try to buy at or very near the cross (up or down) and use the EMA(13) as an exit point.

snappyfrog
183 posts
msg #146066
Ignore snappyfrog
1/15/2019 12:10:52 PM

If you want to make this a call filter then try this one.

Fetcher[
market is not otcbb
optionable

and Stochastic %K(40,40,4) < 50 1 day ago
and Stochastic %K(40,40,4) crossed above Stochastic %D(40,40,4)
and draw EMA(13)
]



snappyfrog
183 posts
msg #146067
Ignore snappyfrog
1/15/2019 12:12:29 PM

If you want to make this a put filter then try this.

Fetcher[
market is not otcbb
optionable

and Stochastic %K(40,40,4) > 50 1 day ago
and Stochastic %K(40,40,4) crossed below Stochastic %D(40,40,4)
and draw EMA(13)
]



Schubert05
7 posts
msg #146073
Ignore Schubert05
1/15/2019 2:34:24 PM

thanks for the reply
how often do you run the scan? and what time would it be good to run it?
thanks
I have been a member of SF for a few months but cant find a good strategy that works for me

snappyfrog
183 posts
msg #146083
Ignore snappyfrog
1/15/2019 7:11:45 PM

I run this every evening and then look at pre-market starting at 9 am ET to see if they are moving in the right direction. I usually buy options in the first 30 min of the day.

StockFetcher Forums · Filter Exchange · Simple filter for long term option trades<< 1 2 3 4 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2018 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus