Wednesday, February 4th, 2015

Is there a free website that accurately reports the Greeks (or at least, the Delta) of stock options?

I took one class that recommended buying options whose delta is between 0. 7 and 0. 9 (presumably in this range trade is less risky). I just spent an hour watching the Greeks at the site of E * TRADE web (where my brokerage account is), and came up dry. . . all deltas were reported as zero or one. 0, nothing in between. Is this a mistake on the site of E * TRADE? just laziness on your part? Are you aware of a free website that does a good job of accurately reporting the Greeks (or at least, Delta)? (I know you can get free in chains BigCharts options. Com and Investopedia. Com, but I do not include all Greeks.) This 0. 7-a-0. 9 The strategy seems impossible to follow, if I can not find the options Delta is in this range! Any advice you could give would be greatly appreciated. (Com impliedvolatility. May have provided this information in the past, but apparently now defunct).

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One Response to “Is there a free website that accurately reports the Greeks (or at least, the Delta) of stock options?”
  1. zman492 says:

    (1) I suspect the reason you got the odd results from E*trade is that you did your query when the bid and ask quotes from the previous sesion had already been reset and the new quotes from today’s session were not available yet. I suspect if you tried again now you would get accurate data. (I do not use E*Trade so I cannot check.)

    (2) You can use an options calculator, such as the one at

    http://www.ivolatility.com/calc/

    to get the greeks at any time.

    (3) The only options that will have a delta between 0.7 and 0.9 are in-the-money call options. These will be less risky than out-of-the-money call options from one view since the amount of leverage is lower, but more risky from another perspective, since you will pay more per contract.

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