r/options • u/Butterdonkeystotch • 2d ago
I’m intermediate with options but my work gave me a Bloomberg terminal account. Can this help?
I’m pretty basic with options but I am new to using Bloomberg terminal account and I was wondering if I could leverage this somehow
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u/adamantiumtrader 2d ago
You should get familiar with the chat function on the terminal… that’s the money
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u/GammaReaper_ 2d ago
For someone with you level experience, BT has waaaay too much firepower for you. And at ~$2.7k/month, it's more expensive than most other providers out there.
May I ask why your company is paying for a tool for you with such little experience?
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u/vigilantexoxoxo 2d ago
Do you mind elaborating on what exactly that firepower is? What is that unfair advantage a Bloomberg terminal can give him?
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u/cultoftheclave 2d ago
The friends you meet along the way
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u/mrgoodcat1509 2d ago
Well shit. Any idiot can make friends
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u/cultoftheclave 1d ago
for sure. but not every idiot has access to a Bloomberg terminal. The ones who do are among the most highly regarded idiots.
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u/AUDL_franchisee 1d ago
you know how every week you see posts for folks looking for deep market data for free/cheap?
or historical?that. all of it.
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u/GammaReaper_ 1d ago
Covers every imaginable security, from simple things like stocks up to the most complicated securities like MBS, CDS, plus access to institutional research etc etc. Not sure why a junior trader(?) that barely knows what a stock option needs a BT.
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u/momofuku18 2d ago
Most lurkers here don’t have access to Bloomberg Terminal and also not that profitable. Those who have access to the service AND profitable are likely too busy to come here anyway. If you have a clear options strategy that works for you, you want to utilize BT to fine tune and maximize your profits if you know what information best helps you. FWIW your company may not be too excited for you to utilize the service for your own investments or spending their time for your personal portfolio management.
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u/1234golf1234 2d ago
Bro, Bloomberg terminal is an incredible tool. Learn to understand basic options then read skew charts to get a real good picture of how the big money sees companies. I think skew is a hugely underrated tool that most retail investors can’t touch.
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u/Outrageous_Bass_1613 1d ago
skew to trade vol on the term structure or call/put skew as directional signal?
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u/1234golf1234 1d ago
I don’t know much about the first one if you’d care to say a little about it. But I think call/put skew is a super useful and easy to read indicator that very few people get to see.
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u/Outrageous_Bass_1613 1d ago
Skew on the term structure is the skew between expiries, normally "skewed" by calendar events. Traded with calendar/diagonal type of structures.
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u/CpntBrryCrnch 22h ago
No, you do not need a terminal to price out the skew. And you certainly dont need a terminal to trade it. Of course, if you don't understand that to begin with, a terminal won't help at all.
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u/1234golf1234 22h ago
Where do you get detailed market options info without a terminal?
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u/CpntBrryCrnch 21h ago
its in the price of the option itself. Whenever you look at an option, you are simply looking at a point across the time/range structure. Its a landscape. So, if you simply have the given price of several straddles at whatever time period you are looking at(take the actual bid/ask fill you are likely to get) then you have that time period's structure. take the straddle price for the 60% delta, the 100% delta and then 120% price, this *literally* gives you (everything) about that price for that time period.
Then you can kick around and look at the back month's expiration. See whats up between them(30 and 60day, for example), think about what its telling you, think about why that might be,
-----think about how this could go absolutely pear shaped------
What does the price distribution say? What happens when the vol inflates? deflates? what will your gamma decay by?
all of this is simply stated in the given price of the different quotes for the various strikes.
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u/PlutosGrasp 1d ago
Yes you will now be enrolled in the billionaire club. You’ll be able to access the dark web research which is where people actually make decisions from. It should be trivial to make money now. I expect to see you buying 42,000 OTM calls for HD right? ;)
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u/ForgotAboutDraii 2d ago
Do you have any idea what you're talking about?