OptionsHouse Enhances Trading Tools for Online Investors | 2009-02-25
Online brokerage firm OptionsHouse, LLC ("OptionsHouse"), subsidiary of
proprietary options-trading firm PEAK6 Investments, L.P., has made enhancements
to its trading platform with the addition of new tools.
1 The company has added a
probability calculator, a profit/loss calculator, and volatility charts.
Also new to the OptionsHouse platform are streaming charts and news, a
customizable feed that updates every minute. The charts, ranging from intraday
(one-minute) to 10-year, can be tailored with technical indicators including
Bollinger bands, stochastics, RSI, and MACD. Relative-strength charts can also
be built to compare one symbol against another.
The streaming news function includes stories from the AP wire, as well as feeds
from The Fly on the Wall and Midnight Trader.
OptionsHouse CEO George Ruhana noted, "The addition of streaming charts and news
was the number-one requested feature in a customer survey we conducted last
fall." Last week, Ruhana told customers, "These tools are just some of the many
ways OptionsHouse is hoping to make its customer base among the most informed
and independent in the trading universe." In the fourth quarter of last year,
the brokerage also launched daily video content, an online blog manned by Ruhana
and Chief Investment Strategist Steve Claussen, and a series of free live
seminars in cities across the country.
1
For Steve Claussen`s online tutorials demonstrating these tools, visit the
OptionsHouse home page, click "OH TV," and go to the "Education" tab.1
About OptionsHouse:
OptionsHouse, LLC, is an online stock and option broker delivering a fast,
streamlined trading experience on its professional-grade trading platform,
accessible at OptionsHouse.com. OptionsHouse's flat-rate commission structure
offers online trading of $9.95 per option trade and $2.95 per stock trade, with
no escalating fees, regardless of size.
2
Options involve risk and are not suitable for all investors. In addition,
electronic trading poses unique risk to investors. System response and access
times may vary due to market conditions, system performance and other factors.
OptionsHouse provides neither investment nor tax advice. Please read
Characteristics and Risks of Standardized Options | Risk Statements and
Disclosures, copies of which can also be obtained by contacting our Customer
Service Department at customerservice@optionshouse.com.
1Information provided by OptionsHouse, LLC ("OptionsHouse") is for
informational and educational purposes only and is not intended as trading or
investment advice or a recommendation that any particular security, transaction,
or investment strategy is suitable for any specific person. You are solely
responsible for your investment decisions. Commentary and opinions expressed are
those of the author/speaker and not necessarily of OptionsHouse. Neither
OptionsHouse nor any of its employees, officers, shareholders or affiliated
companies guarantee the accuracy of or endorse the views or opinions of guest
speakers or commentators. Projections or other information regarding the
likelihood of various investment outcomes are hypothetical in nature and are not
guarantees of future results. Any examples used that discuss trading profits or
losses may not take into account trading commissions or fees.
2No escalating per-contract fees for equity options. OptionsHouse reserves the
right to pass-through any regulatory fees and any third-party fees related to
index and ETF options. For stocks priced $2.00 or less, add $0.01 per share for
the entire order. See www.optionshouse.com/rates for more details on trade
commissions for mutual funds and other securities. Customers may trade up to
50,000 shares or 4,000 option contracts per trade; trades in excess of these
parameters require multiple order tickets and will be billed as separate orders.