Tag Archives: Options Trading

New Release Version 6 Beta 8E

New Release Version 6 Beta 8E

We had hoped to release with a live version. Unfortunately, our testers keep making suggestions and finding issues. Great work guys! BETA 8E has been uploaded. In this release (this is a combined list of Alfonso’s and Glenn’s reported bugs, including those we found on our own): 1. Multiple Leg Trade – Fixed implicit when moving from cell to cell – Fixed saving banking details for “short” – Fixed the reset functionality (when a Strategy is loaded, it resets the grid using the pre-loaded strategy and not just clear the grid) – Fixed strategy selection (when user chooses headers, app originally asks to load it when in fact they are just headers and not actual strategies) 2. Banking – Fixed data sequence (rows are not properly arranged according to date and trade sequence, thus presenting some inconsistencies in balance column) – Fixed missing data on short calls and puts (deposits not reflected) – this is related to saving the data in Multiple Leg Trade – Enhanced date filters (included “All” but default is still the current month) 3. Strategy report – Fixed missing data (Open Qty) and invalid sign (Closing Value) 4. Profit/Loss Detail report – Fixed saving error due to presence of “/” in default filename 5. Profit/Loss Summary report – Removed details and revert back to plain “summary” 6. Trade Analysis reports (weekly, monthly, quarterly) – Fixed grouping of data 7. Dividends – Fixed saving of Dividend data (for further testing) 8. View Trades – Mark as Expired now working and renamed menu to “Close as Expired” (for further testing) – Enabled printing and exporting of grid data in Evaluation Copies (originally disabled) – Fixed bug: When selecting filters for Account and System, no data is displayed (which is a result of an incorrect query) – Enhanced date filtering mechanism 9. Create new DB – Added option for user to choose between copying settings from Default portfolio and Currently Opened portfolio (if the currently opened portfolio is not the default) 10. Reports Window – Fixed bug: when Account filter is selected, Banking and Banking Transactions reports do not display data. 11. Performance Chart – Enhanced date filters – Printing and exporting (as jpeg image) of the graphs is now supported 12. Other minor bugs and performance issues Please send us anything you can find or suggestions and we’ll keep upgrading the code base! Cheers! www.roo-trader.com www.otrader.com.au OTrader Stock and Option Portfolio Management Software View the new support forum

Version 6 Beta 8 C

To our beta users, the installer for Roo-Trader Beta 8C has been uploaded to Dropbox. This version includes: 1. Support for manual override of brokerage and OCH fees in Multiple Leg Trade (as suggested by Neil). 2. Standardized computational logic of overridden brokerage/OCH fees in Close Trade, Enter Trade and Multiple Leg Trade windows. 3. Re-adjustment of Banking Summary and Banking Transactions to show data in ascending order instead of descending (discovered by Alfonso to be incorrect and confusing). 4. Support for fractional shares/qty (as needed by Larry and others). 5. A new look and feel of the installer as suggested by Sean (simpler, more sleek and customized to have the Roo-Trader feel). 6. Some technical optimizations on the code-side which is non-visible to users (for enhanced maintainability). 7. Re-orientation of some windows (e.g Broker Details), some controls are inaccessible in low-res displays (e.g. Alfonso’s case). 8. Code-refactoring as suggested by Re-Sharper tool. 9. Other minor bug-fixes (mostly having impact on the front end side). We are testing this last release with our beta users and then going live! Thank you for all of you support and hard work. The Roo-Trader Team!

Version 6 beta 8 Released

We finally got our final beta completed. Our testers will give it a look, and we’ll start shipping the new release. This update took a while to complete. We pulled back and refined a few pieces based on our beta users feedback. Items included: 1. Trading Rules – Multiple rules with multiple guidelines for each rule can be set, also Exchanges and Instruments can be set to which the rules apply. 2. Broker Styles have been added – default settings include AUS, EU, US – Broker Style Settings can be accessed at: Menu->Edit->Preferences And Setup -> Brokers -> Broker Styles 2.a. When portfolio of user is upgraded to have the Broker Styles, all current Broker’s are set to use AUS by default. Users can modify this by editing their Brokers settings (this window has also been updated). 2.b Broker styles determine the necessity for Broker fees, taxes OCH fees and taxes, including stamp duty and these fields are shown/hidden appropriately in Enter Trade window depending on the selected Broker. This has been integrated with the existing logic to also determine the necessity of these fields based on the selected Instrument. 3. User can now turn off annoying message asking if he wants to enter Trade Notes after entering a trade. 4. “Close Trade” menu item is not available for Single Trades. (Only “Close Single Trade”). 5. A lot of computational bug fixes brought about by the method to convert string to double datatype. 6. Fixed several UI errors and non-working windows (e.g. Finance Costs). 7. Automatic schema updating of old portfolios to use new DB schema, for new installs though the new schema/structure is readily available. 8. Bug fix on “Create New Portfolio” as found out by Aries (can make the DB structure but cannot add “default” records). 9. Minor details like add icons to context menu in View Trades window, and some icons in Main Menu. 10. Some other bug fixes and enhances which came our way. Note: A user request to support input based on his Regional Settings (using comma’s and decimal points the EU way to enter data) is very tricky (that’s the reason why some other software don’t really support that), but we are looking more deeper into it on what is the best/safest approach. We look forward to shipping the new version to you in May! William

Version 6 Beta 5

We are pushing out our next beta release to our testers. So far, the releases have been coming approximately every two weeks. With this release we are testing the ability to pull price updates from Yahoo and Google. We are coming close to our final release. We will work on our import wizard to help our users transition from version 4.2 of OTrader to the new release of Roo-Trader. Your local radio station may not take requests, but we do. If you want to see additional functions, please contact us. We are working through the list we compiled from our users over the past year. However, some items are a higher priority than others. So, please let us know what you need! Thank you for your support! Sincerely, The Roo-Trader Team!

Google Price Updates

To pull price updates from Google Finance, open OTrader on your desktop and then: Menu->Edit->Preferences & Setup -> Security Codes -> Set all codes to update via <Choose Google>…then click Apply…that will update the entire portfolio to get updates from Google. If you want to go back to Yahoo or your custom DDE price update settings, go back to Preferences and select your old choice. We are still working on our central update server. We know some markets are missing from Google and Yahoo and we want to provide that data to you. This server will be tied to our next major software release later this year. Happy Trading! Nik

The benefits and features of writing Covered Calls

#1 Additional Income Writing covered calls can provide you with an ongoing stream of income from the option premium. This is particularly important when stocks do not pay dividends or pay very small dividends. The call option premium can also substantially increase total returns in flat or slower growth stock markets. #2 Income paid up-front The income from writing covered calls in credited to your account the next day, creating immediate cash flow that can be reinvested, withdrawn from cash management accounts or used to pay interest on margin loans. Since the call option premium is paid up front it can be reinvested to enhance the total return of your portfolio. #3 Predetermined Return In a rising market, the immediate return from call writing can be evaluated prior to initiating the investment position. You will know what the call writing income will be and the maximum additional capital appreciation you may expect from your shares. Covered Call Portfolio Management Software The Trader’s alternative to MYOB, Quickbooks and Excel. Get your FREE 20 day trial of OTrader Investment Portfolio management software for stocks, options and warrants. #4 Risk Reduction If a stock declines in price,(Not that they ever do that…) the call writing income will help to offset some or all of the capital loss. Writing covered calls will provide some downside protection when stock decline in value. #5 Cash Dividends As a writer of covered calls you will continue to be entitled to cash dividends so long as you own the shares. Beware dividends can lead to early exercise though. #6 Novation Exchange-listed option contracts like shares, are interchangeable with another contract with exactly the same expire month and strike price. This is known as ‘novation’. This enables the covered call option to be initiated through a ‘sell to open’ order, but also to close out the position if desired through a ‘buy to close’ order. Got a question about covered calls? Let me know.

Options Probability Calculator

With the current market volatility now is a good time to brush off those options strategies. My personal favorite is the Iron Condor which is made by using a bear call spread and bull put spread. With the Iron condor we are looking to sell time and volatility. We look to sell options with a > 75% chance of expiring worthless. The Options Probability Calculator will help you determine which options have a > 75% chance of expiring worthless. In the coming weeks I will be releasing my report of how I trade Iron Condors. It is an eight step check list for opening and closing the spreads each month. Let me know if you would like a copy.