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LiveVol is a knowledge and analytics platform for knowledgeable merchants.
It’s for merchants who already know all the pieces there may be to know concerning the danger graph, the T+0 line, the IV values on the choices chain, the Greeks, and so on.
They know all this, and but they nonetheless want extra knowledge.
Extra knowledge into the internals and the center of the choices market.
That is the place LiveVol is available in.
The “Vol” means volatility, as in choices volatility.
The great factor is that LiveVol is web-based.
Nothing to obtain or set up.
Nevertheless, signing up even for the 14-day free trial is a considerably prolonged course of.
Whereas it requires a bank card when signing up, it says it won’t be charged should you cancel earlier than the trial ends.
Then lots of legalese to learn and fill out.
Finally, you will need to apply your digital signature through their embedded Docusign paperwork.
After which, they may e-mail you with entry data to the software program.
I suppose since this product is from the CBOE, it must adjust to all of the authorized necessities.
LiveVol is designed primarily for choices merchants.
Nevertheless, equities day merchants can nonetheless use its charting, VWAP, and order stream data to gauge directional strikes.
The VWAP show appears to be like like a race-car speedometer.
It’s even color-coded.
Day merchants will in all probability like that.
It has all the standard chart varieties (Candlestick, Heikin Ashi, Reno, and so on.) and all the standard indicators.
I’ve turned to the quantity profile within the beneath screenshot.
That is one thing that not all buying and selling platforms have.
I’ve specified to LiveVol to focus on all of the “bullish hammer” candles within the above chart.
Do you see the yellow candle (close to the left facet)?
That’s its definition of a bullish hammer, which might not be precisely your definition.
However anyway.
Not too many different charting platforms can discover candlestick patterns like this for you.
The blue “E” denotes an earnings occasion.
The decrease panel with the purple and blue strains reveals IV30 (implied volatility) and HV20 (historic volatility), respectively.
See how the IV will increase in the direction of the earnings occasion and drops off afterward.
The panel beneath that with the yellow line reveals the distinction between IV and HV.
On February 27, 2023, it confirmed the unfold huge simply earlier than the earnings occasion.
There may be one other quantity bar chart beneath the conventional quantity panel.
It has purple and inexperienced bars.
That is the put and name volumes.
The places are purple, and the calls are inexperienced.
Now you recognize on a selected day whether or not extra places or calls had been traded and by how a lot.
It’s a visible of the idea of put-call ratio.
Beneath is an image of the choice chain.
You’ll be able to set the columns to show numerous knowledge for the actual choice, comparable to its delta and IV, and so forth.
Clicking on an choice, you may see extra data on that choice:
Within the Market tab, you see the Commerce Tape panel:
I’ve it sorted by latest order on prime, so I get a working waterfall of commerce going by way of the varied exchanges.
Even when somebody buys or sells one contract, you will note it right here.
Realistically, I solely need to see trades by the massive gamers, so I’ve set the Qty filter to indicate solely these with contract sizes higher than 250.
It’s also possible to configure Commerce Tape to show the symbols you added to your watchlist.
LiveVol has a WatchList. In fact, it does – the place you place within the image you have an interest in.
Within the above screenshot, we see a giant order shopping for a name and promoting a put in MARA expiring after the approaching earnings occasion – somebody should be bullish with earnings approaching.
Underneath “Time and Gross sales,” you may see the tick and commerce knowledge for a selected image on a selected day.
Why would I need to know that?
Effectively, some individuals use this data to repeat their commerce.
If somebody goes to commerce that massive, they in all probability know what they’re doing.
Or no less than I hope so.
You’ll be able to see historic volatility:
And skew curves for numerous expirations on Disney:
Check out the beneath skew curve for Microsoft.
May the MSFT 230 put for the Might nineteenth expiration be mispriced?
A blip within the curve reveals that it’s larger than the strike earlier than and after.
Is that this a superb choice to promote premiums?
Calendar of earnings and dividends occasions:
Blue reveals how a lot the market expects the inventory to transfer on earnings.
Inexperienced and purple colours present how a lot it moved.
Inexperienced means it went up, purple down.
On the suitable panel, it reveals the at-the-money straddle value.
You will get alerts for volatility triggers on shares:
Greeks may also set off the alerts limits on the choices:
The Professional Scanner enables you to assemble any conceivable mixture of volatility standards that you just may need to search for:
Or simply run one in all its pre-made scans to search for uncommon choice volumes, massive strikes, volatility standards, and so forth
It has VIX Futures knowledge:
In addition to its time period construction:
For merchants needing solely the important of the VIX Futures phrases construction, then vixcental.com is sufficient.
However LiveVol is for merchants who want extra.
Firm elementary knowledge just isn’t what LiveVol is powerful on, however no less than it acquired a number of the key ratios:
I’ve solely touched on a number of of the various attainable panels obtainable to select from right here:
What’s the greatest place to learn to use LiveVol?
The video tutorials listed on LiveVol.com is a superb place to start out.
Then learn the LiveVol person information.
It’s properly organized and has lots of footage.
Mark Sebastian, founding father of OptionPit, has a superb 30-minute walkthrough on YouTube.
Can I discover a number of the LiveVol knowledge elsewhere that’s free?
Some, however not all.
And definitely not multi functional browser window like in LiveVol.
For instance, marketChameleon has some volatility research:
As its title implies, volatility knowledge is the place LiveVol specializes.
As a first-time person, LiveVol might be intimidating resulting from its quite a few panels.
It’s designed for the skilled choice dealer.
The start scholar won’t want such complexity in the intervening time.
LiveVol has a lot knowledge and options that I might discover it shocking if it doesn’t have what you might be searching for.
We hope you loved this LiveVol evaluation.
If in case you have any questions, please ship an e-mail or go away a remark beneath.
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Disclaimer: The data above is for instructional functions solely and shouldn’t be handled as funding recommendation. The technique introduced wouldn’t be appropriate for buyers who aren’t accustomed to change traded choices. Any readers on this technique ought to do their very own analysis and search recommendation from a licensed monetary adviser.
