|Posted on June 20, 2014 at 3:00 PM|
We have released a new indicator that can help with scans in TradeStation®. The indicator is called "isOptionable" and it tells you if there are options available on a stock, ETF, index, etc. We use this indicator as a critieria in our scans with the Scanner since we only want to be notified of equities that have options since most of the time we want to apply option strategies instead of buying a stock or ETF directly. The indicator also works in RadarScreen® and Chart Analysis, but its main purpose is to help filter out equities that do not have options. Go ahead and download it and give it a try and see what you think!