OmniTrader Forum OmniTrader Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


Only Forum Moderators, Administrators, and the owner of this message may delete it.

 
jpb

Veteran
1002525
Posts: 168

Joined: 5/11/2005
Location: Brown Deer, WI

User Profile
 
Subject : RE: ATM Trading Options
Posted : 2/26/2020 11:54 AM
Post #46795 - In reply to #46793

I actually began trading live with ATM Smart Calls yesterday. I use Auto Trade to kick off the analysis process at 2:20 pm CST. It finishes in 10 minutes with orders submitted. I didn't make any adjustments to the trade plan -- just followed the advice to run it near the end of the day as opposed to at market open to avoid the huge spreads.

So far, it has taken one trade for SIRI C 7.5 Mar 13. I am using a small account to limit exposure. It put a total of $44 at risk.

The one thing I did change with ATM Smart Calls was to change the list. Nirvana used a static list created from the Import List function into My Symbols. I switched it to use OmniScan and populate it with S&P 100 Stocks and NASDAQ 100 Stocks which is what I think was highlighted in one of the webinars. In testing, it produced similar results to the static list. There were however about 10 differences in the list. It dropped a few of the indexes and the SPY which was part of the list, dropped a few that OmniScan doesn't recognize being part of either of those lists and added one symbol if I recall. It came up with 175 symbols. This just gives me the latest list without having to make adjustments over time.
Deleting message 46795 : RE: ATM Trading Options


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.