I took a class that recommended buying options whose Delta is between 0.7 and 0.9 (supposedly, in this range the trade is less risky).
I just spent an hour looking at Greeks at the E*TRADE web site (where my brokerage account is), and came up dry... all the Deltas were reported as either zero or 1.0, nothing in between. Is this a bug with E*TRADE's site? just laziness on their part?
Do you know of a free website that does a good job of accurately reporting Greeks (or at least, Delta)? (I know you can get free options chains at bigcharts.com and Investopedia.com, but I don't think they include any Greeks.)
This 0.7-to-0.9 strategy seems impossible to follow, if I can't find any options whose Delta is in this range! Any tips you could provide would be greatly appreciated.
(impliedvolatility.com may have provided this info in the past, but seems to be defunct now.)
2007-04-29
20:40:36
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1 answers
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asked by
OptionsNewbie
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in
Investing