Trading Options for U.S. Equities in the Works on TradingView
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TradingView now supports real-time options data for U.S. equities, enabling users to apply technical indicators directly to options contracts and automate trades through platforms like TradersPost.
TradingView has recently started testing a significant feature that allows users to trade options for U.S. equities directly through the platform. Previously, only Indian markets had access to options data, but now major indices and selected stocks like Tesla, SPY, and QQQ have full options chains available for trading.
Access to Real-Time Options Data
To access real-time options data on TradingView, users can subscribe to the Opera options feed, which costs $2 per month. This provides real-time data for major indices and certain stocks, making it easier to execute precise options strategies, including zero-DTE contracts or longer-term expirations. This marks a major improvement from the previous process, where users would trade the underlying asset and let platforms like TradersPost handle the options execution .
Automating Options Strategies
With this update, you can now apply technical indicators directly to options contracts and automate trades through TradingView. For instance, you can select a specific options contract, apply a strategy such as a Bollinger Band or VWAP strategy, and send the signal to TradersPost for execution. This allows for greater flexibility in trading options with predefined strategies across different strike prices or expirations .
Expanding Strategy Options
This new capability opens up opportunities for more complex strategies, including trading multiple contracts with varying expirations or strike prices. Additionally, incorporating options data into trading strategies offers valuable insights into market sentiment, which can be useful for both futures and equities traders. Options data, such as the Greeks, provides a forward-looking view of market dynamics, allowing traders to refine their strategies with more informed decision-making .
Conclusion
TradingView’s integration of U.S. equities options data is a game-changer for traders, allowing for more precise and automated trading strategies. With real-time options data available at an affordable cost, users can now apply indicators and strategies directly to options contracts, significantly enhancing trading flexibility and market analysis.