ONE versus OptionVue
I am regularly trading index and futures options for income. Since I combine different strategies (verticals, diagonals, butterflies etc.) and timeframes (8-120 days), I usually end up with a relatively large number of open positions. A stable software that allows me to monitor each of them without too many complications is essential for me.
As a Spanish resident, I cannot open a TOS account and rely on IB. I have been working both with OptionVue and ONE, using the IB data feed. And I will stick with ONE. ONE is much more stable and quicker when it comes to fetch data from IB. ONE is much simpler to use but has the essential and practical features I need to make quick decisions. The interface is intuitive, well designed and well thought out. For example, a floating window with all the benchmarks of open positions across different underlyings and accounts makes it really easy to monitor an entire portfolio. Risk graphs are easy to set up and visually appealing. Orders can be passed directly to IB, which makes execution quick and reliable. Mid prices are well calculated and rapidly updated, which is definitely not the case with the IB-OptionVue combination. All IB data are displayed while OptionVue for example does not fetch open interest data. And backtesting in ONE is much quicker; it also makes it easy to replay already closed positions.
Many people argue that the OptionVue greeks are more accurate. I don't mind as long as I stick with the same system and greeks are reproducible and behave in a stable and predictable way. The volatility model OptionVue uses may be more sophisticated but sometimes behaves in an unpredictable and weird way that has screwed up my trading considerably in too many occasions.
There are some analysis tools ONE still has not implemented, but they are catching up quickly and every couple of new releases they have improved the software. The only BIG drawback of ONE is that they do not provide futures. But they confirmed that this is planned for the near future.
In summary, it may be true that OptionVue provides some advantages when it comes to a more detailed analysis of complex positions, but for real-time and real-world trading, at least in my setting, ONE excels.
I highly recommend testing ONE and consider it the best option trading software for retail traders you can buy.
This review is the subjective opinion of an ourinterestingworld member and not of ourinterestingworld LLC
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