Options strategy test

Options strategies are coming soon! We are recruiting experienced Tiger Trade options users as volunteers to test our options combination strategy products. You will have the opportunity to experience this feature in advance and provide us with your feedback and suggestions. To participate in the beta testing, please click the link below. If you have any questions or product suggestions during the beta testing period, please share your thoughts in this discussion topic.

avatarChilli Padi
2023-07-20
First I applaud tiger for introducing this long needed multiple option strategy. First even before going to the strategy, ill let to say that the edit function is SLOW to update the limit price. Then the current pricing shows in one instance on 17 July is not accurate. Im attaching my pending order showing current price that is not accurate of $1.32 (exhibit 1) compared to other trading platform, the right trading price should have been $1.09 (exhibit 2) Is seen on the same time. 
avatar82antzj82
2023-07-17
avatarBonta
2023-07-17

Option strategy Tiger usage 17/7

having difficulty in filling of $Bank of America(BAC)$ strangle spread, despite entering sell orders at the bottom spectrum of sell orders.  Gave up on Bank of America in the end. Used $Morgan Stanley(MS)$ strangles instead. Managed to fill using MS. First time trying vertical spreads on tiger,  Used vertical spread on $Lockheed Martin(LMT)$ , filled nicely and execution is smooth. 
Option strategy Tiger usage 17/7
avatarNarcissuss93
2023-07-14

#Options strategy test feedback

One feed back is that under My Portfolio the combo option position can be group according to the option strategy such that the positions can be viewed as a whole and greeks and PnL for the Combo is displayed at Combo level rather than at individial option level.  #Options strategy test
#Options strategy test feedback
@@TigerPM My option strategy order was cancelled due to "order execution channel was not available". See attached screenshot. Is there something I missed out? Or is this an issue with the option strategy?
avatarBonta
2023-07-13

Strangle stuck during execution

Initiated Sell Citigroup strangles august expiry at $52.5/$46.  As the bid cannot get through, I adjusted my order downwards to fill. Sell at $1.10 to sell at $1.09. The order is stuck at $1.10. After reset tiger, the order remains there. I tried to cancel the order. I am Unable to cancel the strangle order also... Will reset tiger and try again. 
Strangle stuck during execution
avatarBonta
2023-07-13

Margin treatment for sold options with diff time expiration

Would like to check with tiger with respect to treatment of sold option positions with diff time expiration. I have currently 200 shares of alibaba. These 200 shares are currently covered by my covered call positions. However, I have 2 sold put positions which are currently naked. The remaining 2 sold call options are not able to form a combo. I believe the issue could be due not recognising Options at diff expiration cycle. Would tiger be able to look into margin requirements for this type of situation?  Although the protection will be lesser than pure strangles with same expiration cycle, there is still protection provided by the option in the shorter expiration.
Margin treatment for sold options with diff time expiration
avatarBonta
2023-07-11

Higher margin requirement for naked calls vs call credit spread

I am looking into adding $Estee Lauder(EL)$ calls to form a strangle with my current puts. I tried to use the vertical function but it only allows $5, whereas I am looking at $10 interval. Nevertheless, I used custom to form the credit spread. The margin requirement is usd $4000. I tried comparing by using naked calls. Naked calls actually requires lesser margin. It could be a matter of tiger not being able to cope with Jade lizards (Naked puts pair with call credit spreads) in terms of the assessment of margin, that's what leads to this peculiar situation, whereby the position is safer but requires more margin. 
Higher margin requirement for naked calls vs call credit spread
avatarOptionsTutor
2023-07-07

【Options Strategy】Q2 Earnings season outlook for U.S. banks

Major U.S. banks, such as JPMorgan Chase, Wells Fargo, and Citigroup, will commence reporting their second-quarter results on July 14. Heading into the earnings season for the second quarter, banks are faced with low expectations as earnings have yet to make a significant recovery since the eruption of the regional banking crisis in March. The prevailing market sentiment towards bank stocks is excessively negative, but robust net interest income will likely surprise investors and offset the weakness in capital markets.US banking stocks have been among the best-performing sectors in the past week, indicating that investors may be positioning themselves for a positive earnings and outlook surprise from US banks. The future performance of US banks largely depends on whether the U.S. economy e
【Options Strategy】Q2 Earnings season outlook for U.S. banks
avatarJacksNiffler
2023-07-03

Unusual Options talks?(6.30)STRIKE PRICE MATTERS

June 29th and 30th were the last two trading days of the first half of the year. Due to the bullish market sentiment, there was increased activity in trading large options orders. Among them, for major tech companies, $Apple(AAPL)$ successfully crossing the $3 trillion market cap mark became a focus for investors and lived up to expectations by surging 2.3% on that day. Except for $Nike(NKE)$ with disappointing financial results and $Micron Technology(MU)$ affected by certain news, most stocks experienced significant gains.Regarding unusual options activity, we can still observe many investors seeking covered protection. Specifically
Unusual Options talks?(6.30)STRIKE PRICE MATTERS
avatarTigerPM
2023-06-30

Options Strategy Beta Test Volunteers wanted! Apply now to win vouchers!

Options Strategy Trading is coming soon!If you are an experienced options trader, you won't want to miss the upcoming Options Strategy trading feature on Tiger Trade!Options Strategy refers to the construction of complex trading strategies by simultaneously using multiple options contracts to achieve specific investment objectives and risk management.The Options Strategy trading on Tiger Trade will include the following key features:Options Chain Cart Mode: Easily add options to create combination strategies, customize options combinations as per your preferences, and support 1:1 multi-leg trading.Four types of predefined Options Strategies: support vertical, straddle, strangle and custom options strategies.Options Strategy Analysis: View Profit and Loss charts (P&L charts) of options
Options Strategy Beta Test Volunteers wanted! Apply now to win vouchers!
avatarTigerPM
2023-06-30

Introduction to US Stock Options Strategy Trading

What is Options Strategy Trading?Options Strategy Trading refer to the process of placing a single order that combines different options contracts of the same underlying stock with varying strike prices, directions, or expiration dates. The individual options within the combination can have the same or different buying or selling directions. Options Strategy Trading offer high flexibility, allowing investors to customize their positions based on factors such as risk tolerance, expected returns, and market views. However, they also require investors to have a deep understanding of options trading, including options pricing, risk management, and exercise strategies. Currently, Tiger Brokers supports all 2-leg options combinations, including common strategies such as Vertical, Straddle/Strang
Introduction to US Stock Options Strategy Trading
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