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Jim Dean

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Joined: 3/13/2006
Location: L'ville, GA

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Subject : RE: Arm and OptionsFinder
Posted : 2/12/2022 8:01 AM
Post #31908 - In reply to #31907

Hi Boris. I understand your idea and see it’s value.

One important thing to remember about Options that differ from Stocks - Nirvana uses “fake” historical Options data for option finder - it’s really good, plausible fake - since trying to gather, store and process the HUGE number of actual historical datapoints related to the many different contracts and strike prices of thousands of symbols is just beyond the practical scope of the local PC and data feed. Also, it’s pretty expensive to purchase from data vendors.

Since that data is not “real”, then any ARM processing on it would be compromised significantly, especially for outlier conditions that many multi-leg options trades utilize.

It might be possible for N to do this on a cloud server (or ten or a hundred). I’m pretty sure they e been wisely collecting true data for several years now, and probably have some really big storage files tucked away. So, maybe some day they’ll go at it from that perspective.

Don’t get me wrong here. Both ARM and OptionFinder are incredibly clever, sophisticated and unique tools. It’s just that, imo, using them together would not yield reliable, repeatable results.

[Edited by Jim Dean on 2/12/2022 8:03 AM]

Deleting message 31908 : RE: Arm and OptionsFinder


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