OptionsXpress, a pioneer in bringing professional technology for options and futures trading to individual investors, today announced the launch of Idea Hub, a new idea generation tool for options traders.
Idea Hub filters real-time data from various analytical tools - including options screeners, strategy scanners and earnings calendars - and packages the results into actionable options trading ideas. The tool can help investors find trading opportunities based on their preferred trading strategies and bullish, bearish or neutral market views.
- Idea Hub generates trading ideas in four key categories and presents trades that are bullish, bearish or neutral:
- Premium Harvesting -Uncovers trading opportunities that are designed to generate income using options writing strategies, based on a range of volatility measures and probability outputs.
- Earnings - Generates options trading ideas that are driven by the earnings calendar for the upcoming week.
- Covered Calls - Displays ideas for buy-write strategies based on liquidity, volatility and current expected returns.
- Big Movers - Identifies trading opportunities by examining changes in open interest, volatility, or stock volume using outputs from optionsXpress' proprietary options analytics tools, StrategyScan and the Dragon.
"Idea Hub can help simplify the research process for investors of all experience levels who want to identify options trading opportunities that reflect their market views," said Joseph Vietri, Chief Executive Officer of optionsXpress. "The new tool does the baseline screening for traders, drawing on the analytical tools that optionsXpress clients use today. What makes Idea Hub unique is the way it filters and packages those key metrics to uncover ideas that traders can either research further or potentially execute with just a few clicks."
The phased roll-out of Idea Hub will begin on July 9, 2012, and will be available to all optionsXpress clients in August.