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WOW! This is the best tutorial on setting up a scan and spread hacker! Super easy to follow along and your voice is so clear! No added fluff, just right to the meat. Thank you for this! I’m going to start binge watching all of your videos. 👍❤️😊
Fantastic video. Clear voice and clear instruction! Just a note...you can NOT add study filters in a ThinkorSwim PAPER TRADE account. Be sure you're logged into your LIVE account. Keep up the great work!
Incredible video for someone like me who is new, and has no access to a real trader. Honestly thank you so much for your knowledge. Amazing information delivery in both speech and presentation.
Thank you for the video. I tried a scan using your criteria but all the resultant spreads are showing 0 open interest and 0 volume. Any reason for that?
I agree with everyone who has said what a great job you've done on these videos. Thank you. I have one question, though. When I tried to set up the Spread Hacker as you described, I get an error saying that the maximum number of filters is 8. Do you know what I've done to see that error? Can you tell me how to work past it? I've tried it on both Paper Money and the Live Account and the results, while not exactly the same, won't let me complete entering the scan. Thanks.
Is there a way to add a requirement that the option have a minimum volume or open interest? Many of the verticals that it finds look good except that there isn't much of a market for them. Thanks, and thanks also for posting these great videos.
I just want to know how to find in TOS for Unusual Option Activity there is LONG/SHORT for the option contract. By they way you are doing a commendable job in youtube.
What is the difference between Vol Index and Implied Volatility? Are they interchangable? I watched one of your older videos on how to set up a scanner for high IV stocks, that scanner used implied Volatility >0.45 instead of Vol Index >40% in this scanner, with all other filters being identical to this scanner.
I think I found the answer. > The Vol Index is calculated over several last bars, it measures the direction of volatility on a scale from 0 to 100. Readings greater than 50 indicate that the volatility is more to the upside.
Hello, I'm confused. I apply this same TOS scanner on the account I operate, which is from Interactive Brokers, but when configuring identical spreads they result in DEBITS. Should I enter orders as Limit to force the credit (Mark) displayed by the TOS scanner?
I set this scanner up exactly as instructed. I am curious. When I right click the vertical spread in the spread hacker, it inverts the trade. My loss is much greater than my possible profit. (No, I am not clicking opposite order) But when I put the exact trade as it is written in the spread hacker into the trade page, it shows me a profit as much larger than my total possible loss. Why is the hacker inverting the trade?
How can I add the IV_Percentile and Average_Volume filters on a paper trading account? The Studys filters are not available on paper accounts for some reason .. do you know of a work around?
I have done everything verbatim in your video, yet when I go into the Spread Hacker and add your filter criteria, I get no matches. When I did the first part, setting up High Vol Stocks, I got many matches. Any suggestions as to what I could be doing wrong? Thanks.
@@shortthestrike Thanks. Also, is it possible to set a range of delta on both positive and negative values and have any of the following conditions executable in spread hacker?
Do you mean the filters I used to scan for them at the beginning of the video? The list itself will be changing constantly but the verticals scan will cross reference against it
Why the width of the verticals found by the scanner were all $5? Is it a default setting or is it a coincidence that the spreads that fit the criteria were all $5?
@@sophiewang123 I had the same question, and also regarding the Vol Index and the Imp Vol. Do you want to create a group chat to find / share this answers ? How do I get contact in with you ?
When you're using contracts everything is x 100 for example if I have a stock at $2 by a call at $2 and it moves to 7$ then that is a five point spread and you profited $500 minus the cost of transaction it would be the same if the stock was 52 you bought a call and it move 57$ both are five point spread representing $5 which you the in x 100 per the contract then subtract the cost of trade
Why the width of the verticals found by the scanner were all $5? Is it a default setting or is it a coincidence that the spreads that fit the criteria were all $5?
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🛠Just launched my trading journal! If you trade stocks, options, futures, or crypto, give it a try with a 7-day free trial and let me know what you think! traderlog.io/
WOW! This is the best tutorial on setting up a scan and spread hacker! Super easy to follow along and your voice is so clear! No added fluff, just right to the meat. Thank you for this! I’m going to start binge watching all of your videos. 👍❤️😊
Two thumbs up!
Fantastic video. Clear voice and clear instruction! Just a note...you can NOT add study filters in a ThinkorSwim PAPER TRADE account. Be sure you're logged into your LIVE account. Keep up the great work!
Incredible video for someone like me who is new, and has no access to a real trader. Honestly thank you so much for your knowledge. Amazing information delivery in both speech and presentation.
Glad it was helpful!
I really appreciate all the information you present and the clarity of its delivery. Thank you so much.
Scans can be a bit tricky when you're just getting started, hopefully this helps!
Thank you for the video. I tried a scan using your criteria but all the resultant spreads are showing 0 open interest and 0 volume. Any reason for that?
Very easy to follow and useful. Good job explaining and instructing. You should be a teacher.
Wow, thank you!
The voice is perfect, the videos best of best .
Great video! Can this scanner be set up for vertical debit spreads?
I agree with everyone who has said what a great job you've done on these videos. Thank you. I have one question, though. When I tried to set up the Spread Hacker as you described, I get an error saying that the maximum number of filters is 8. Do you know what I've done to see that error? Can you tell me how to work past it? I've tried it on both Paper Money and the Live Account and the results, while not exactly the same, won't let me complete entering the scan. Thanks.
Is there a way to add a requirement that the option have a minimum volume or open interest? Many of the verticals that it finds look good except that there isn't much of a market for them. Thanks, and thanks also for posting these great videos.
I am having the same question. Have you found an answer?
Excellent video, super informative. Thanks!
Exactly what I was looking for.
I just want to know how to find in TOS for Unusual Option Activity there is LONG/SHORT for the option contract. By they way you are doing a commendable job in youtube.
QQ - How can I modify the spread of the option?
Do you have scanner for Butterfly, Iron condor or Ironfly?
I find the high iv stock scanner. Thanks.
What is the difference between Vol Index and Implied Volatility? Are they interchangable? I watched one of your older videos on how to set up a scanner for high IV stocks, that scanner used implied Volatility >0.45 instead of Vol Index >40% in this scanner, with all other filters being identical to this scanner.
I think I found the answer. > The Vol Index is calculated over several last bars, it measures the direction of volatility on a scale from 0 to 100. Readings greater than 50 indicate that the volatility is more to the upside.
I know this is the desktop version, but on the web, can you set up hot keys?
Hello, I'm confused. I apply this same TOS scanner on the account I operate, which is from Interactive Brokers, but when configuring identical spreads they result in DEBITS. Should I enter orders as Limit to force the credit (Mark) displayed by the TOS scanner?
I set this scanner up exactly as instructed. I am curious. When I right click the vertical spread in the spread hacker, it inverts the trade. My loss is much greater than my possible profit. (No, I am not clicking opposite order) But when I put the exact trade as it is written in the spread hacker into the trade page, it shows me a profit as much larger than my total possible loss. Why is the hacker inverting the trade?
How can I add the IV_Percentile and Average_Volume filters on a paper trading account? The Studys filters are not available on paper accounts for some reason .. do you know of a work around?
I have done everything verbatim in your video, yet when I go into the Spread Hacker and add your filter criteria, I get no matches. When I did the first part, setting up High Vol Stocks, I got many matches. Any suggestions as to what I could be doing wrong? Thanks.
I cant find a way to save the vertical scan as a watch list. Is it at all possible?
Nope, unfortunately you can’t save scanners in the spread hacker. Honestly, I have no clue why it’s a bit frustrating.
@@shortthestrike Thanks. Also, is it possible to set a range of delta on both positive and negative values and have any of the following conditions executable in spread hacker?
Can you provide the list of High vol. Stocks.
Thanks.
Do you mean the filters I used to scan for them at the beginning of the video? The list itself will be changing constantly but the verticals scan will cross reference against it
I don't know if it's the time or something but mine doesn't scan anything
I have same problem.
Why the width of the verticals found by the scanner were all $5? Is it a default setting or is it a coincidence that the spreads that fit the criteria were all $5?
good question, did you find the answer ?
@@norrahag2100 No I haven't found the answer
@@sophiewang123 I had the same question, and also regarding the Vol Index and the Imp Vol. Do you want to create a group chat to find / share this answers ? How do I get contact in with you ?
@@norrahag2100 I can't find message function on youtube
@@sophiewang123 I can add you via google chat, what you email ?
What is a "point" in a "5-point spread"? point = 1 dollar? For a $10 stock, that's 50% but for a $50 stock that's 10%.
When you're using contracts everything is x 100 for example if I have a stock at $2 by a call at $2 and it moves to 7$ then that is a five point spread and you profited $500 minus the cost of transaction it would be the same if the stock was 52 you bought a call and it move 57$ both are five point spread representing $5 which you the in x 100 per the contract then subtract the cost of trade
Why the width of the verticals found by the scanner were all $5? Is it a default setting or is it a coincidence that the spreads that fit the criteria were all $5?