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Dear @mrhichem - Thank you for posting this, I enjoyed using this. I've been selling theta for a while, so I can see how this would be helpful (myself, i use a

Dear @mrhichem - Thank you for posting this, I enjoyed using this. I've been selling theta for a while, so I can see how this would be helpful (myself, i use a python script to screen and change params via a json file) Couple of comments: - I also have a 9-5 and 2 kids, so totally understand how hard it is to do side projects beyond work. Congrats! - The filters might be hiding this somehow, but I didnt find ETFs i'd expect like the SPY ETFs or GLD, etc, even though I set off all the filters - The Strike should have a slider and an entry box ideally because some strikes go into single digits or way beyond the scale, the slider is too restrictive in 5s for low-priced stocks and the max is too low for things like TSLA - The table header really needs to be aligned with the sort arrows, I cant tell which column i'm sorting on - You noted that "Prices are updated every 3 hours" -- did you price out DO costs if you used real-time data from Tradier? I imagine you might have more bandwidth, but it would probably be reflective of a more active screening approach. I found good theta selling opportunities dont come that often and I usually look at the vol surface for IV bumps through the day. - As a follow-up to the above, curious if you use it as a screener and then enter orders manually or auto-execute? Would you auto-execute really rich opportunities? - Curious if you've actually made money selling theta. I've made money, but I do believe that just buy-and-hold would be more profitable in most cases because you miss so much upside on option writing strategies unless you have a clear band with high conviction

mrhichem 5y ago
Thank you for your valuable feedback and questions. Indeed some ETF are not showing although they are in the DB, needs checking. - An entry box is something to add, thanks for pointing out. - Real-time data from Tradier is costly. I was looking at IBKR and maybe I will switch to their API. But anyhow real-time is an overkill for now, maybe in the future. - Yes for entering orders, I use Tastyworks. I first validate the opportunities with real time data and enter the trade on the Tastyworks platform. - I actually made decent profits from selling Theta. The trick is to not overtrade and be ok if a week passes without making a trade. But my main investing strategy is a Buy and hold on a world index.

mrhichem 5y ago

Thank you for your valuable feedback and questions. Indeed some ETF are not showing although they are in the DB, needs checking. - An entry box is something to add, thanks for pointing out. - Real-time data from Tradier is costly. I was looking at IBKR and maybe I will switch to their API. But anyhow real-time is an overkill for now, maybe in the future. - Yes for entering orders, I use Tastyworks. I first validate the opportunities with real time data and enter the trade on the Tastyworks platform. - I actually made decent profits from selling Theta. The trick is to not overtrade and be ok if a week passes without making a trade. But my main investing strategy is a Buy and hold on a world index.