{"id":44543,"date":"2016-11-03T11:53:12","date_gmt":"2016-11-03T15:53:12","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44543"},"modified":"2016-11-03T11:53:44","modified_gmt":"2016-11-03T15:53:44","slug":"which-options-model-are-you-relying-on","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/which-options-model-are-you-relying-on","title":{"rendered":"Which Options Model Are You Relying On?"},"content":{"rendered":"<p class=\"m_-1033191061368475692style-scope m_-1033191061368475692bard-text-block\">Every week, options traders like you are sending in questions like one of these:<\/p>\n<ul class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">\n<li>Which options model should I use?<\/li>\n<li class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">Which modeling software is more accurate?<\/li>\n<li class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">Why are my Deltas different than yours?<\/li>\n<\/ul>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">To best answer that question, we should leave the theoretical world and move into the real world&#8230;<\/p>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">Several of the top performing options traders on our proprietary trading desk have a few things in common:<\/p>\n<ol class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">\n<li>Several of our top traders can manage their trades with any Greeks model.<\/li>\n<li>Their strategies have positive expectancy because of risk control and could be managed effectively using any of the popular options modeling programs available.<\/li>\n<li>Some of their trades don&#8217;t use Greeks other than Delta &#8212; and the precision of the Delta value is not a critical issue.<\/li>\n<\/ol>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">So, if the traders who are generating great returns are not focused on which Greeks model to use and which Delta is more accurate&#8230; why should you?<\/p>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\"><span class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">No <\/span><span class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">options model is going to be right every time. They are theoretical. Some may be right more often than others. But, the differences are minor and random.<\/span><\/p>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\"><span class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">The top options traders at our firm are not focused on which Greeks model to use, they are focused on excellent strategies to control risk while letting their edge run.<\/span><\/p>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\"><span class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">One such trading strategy that fits this criteria is <a class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\" href=\"https:\/\/tf130.infusionsoft.com\/app\/linkClick\/48201\/40a09dd00093b277\/27575385\/1277f770ffedc686\" target=\"_blank\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=https:\/\/tf130.infusionsoft.com\/app\/linkClick\/48201\/40a09dd00093b277\/27575385\/1277f770ffedc686&amp;source=gmail&amp;ust=1478267322243000&amp;usg=AFQjCNEYIJTASdCTnLkjWVu1D7zxQk_SBg\">The Heart Friendly Butterfly<\/a>. This trade doesn&#8217;t use a single Greek to open, manage, or exit the trade.<\/span><\/p>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\"><span class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">This strategy is managed using price, time, volatility, risk, and reward.<\/span><\/p>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">The <a class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\" href=\"https:\/\/tf130.infusionsoft.com\/app\/linkClick\/48197\/44e0c330ccea1636\/27575385\/1277f770ffedc686\" target=\"_blank\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=https:\/\/tf130.infusionsoft.com\/app\/linkClick\/48197\/44e0c330ccea1636\/27575385\/1277f770ffedc686&amp;source=gmail&amp;ust=1478267322243000&amp;usg=AFQjCNGHbVGEN-ZVc7QP_Joh1ylG4ZHgHw\">Heart Friendly Butterfly<\/a> is a trade that we recommend if you want to make <b class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">rule-based <\/b><span class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">decisions <\/span><span class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">and be <b class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">completely <\/b><\/span><b class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">objective<\/b>.<\/p>\n<p class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\"><a class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\" href=\"https:\/\/tf130.infusionsoft.com\/app\/linkClick\/48195\/7ff95eeee45bc7e3\/27575385\/1277f770ffedc686\" target=\"_blank\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=https:\/\/tf130.infusionsoft.com\/app\/linkClick\/48195\/7ff95eeee45bc7e3\/27575385\/1277f770ffedc686&amp;source=gmail&amp;ust=1478267322243000&amp;usg=AFQjCNEoIhxUOTH-Hzf98rowJ21nBVJr4g\"><b class=\"m_-1033191061368475692bard-text-block m_-1033191061368475692style-scope\">&gt; Learn more about the Heart Friendly Butterfly &lt;<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every week, options traders like you are sending in questions like one of these: Which options model should I use? Which modeling software is more accurate? Why are my Deltas different than yours? To best answer that question, we should leave the theoretical world and move into the real world&#8230; Several of the top performing options traders on our proprietary &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/which-options-model-are-you-relying-on\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":42476,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2063],"tags":[5202,4683,5203],"class_list":["post-44543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smb-options-2","tag-model","tag-options","tag-relying"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which Options Model Are You Relying On? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/which-options-model-are-you-relying-on\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which Options Model Are You Relying On? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Every week, options traders like you are sending in questions like one of these: Which options model should I use? 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