NinjaSpread has recently introduced an array of new features in its Condor scanner, aimed at enhancing the trading experience for those dealing with options, particularly Iron Condors and Broken Wing Condors. Here’s a detailed look at these new functionalities.
Symmetrical and Asymmetrical
The upgraded scanner now allows users to search for both symmetrical Iron Condors and asymmetrical Broken Wing Condors. This flexibility in scanning provides a significant advantage for traders looking to diversify their strategies.
Enhanced Filter Fields
The scanner has enhanced its filter fields to include options for both calls and puts. This addition enables traders to specifically search for either call or put Condors, providing a more targeted approach in their trading strategies.
Detailed Strike Information
With the new update, users can now view detailed information about the strike differences in their Condors. The scanner displays the put and call vertical spreads, offering insights into the short legs of the Iron Condor, including Delta values and strike differences.
Scanning for Directional Condors
The updated scanner also includes functionalities for scanning directional Condors using only call or put options. This feature is particularly beneficial for traders focusing on directional trading strategies.
Credit Spread Width Analysis
A notable feature is the ability to analyze credit per width in put Condors. This analysis aids traders in understanding the premium percentage based on the width of the credit spread, offering a deeper insight into their potential trades.
Customizable Search Criteria
The Condor scanner now allows users to set specific criteria for their searches, such as the range between break events and net Delta of the position. This customization ensures that traders can filter out results that don’t match their specific requirements.
Real-Time Notifications
A practical feature for busy traders is the scanner’s ability to send real-time alerts via email. This feature keeps traders updated on market movements that match their set criteria, ensuring they don’t miss potential trading opportunities.
User-Friendly Interface
The interface of the scanner has been designed for ease of use. It allows traders to save their scan criteria for future use, streamlining the trading process and saving time.
Video walkthrough
Conclusion
In conclusion, the new features of the NinjaSpread’s Condor scanner are a significant step forward in options trading. These enhancements not only offer a more comprehensive analysis of potential trades but also provide a user-friendly interface that caters to both novice and experienced traders alike. NinjaSpread’s commitment to improving its tools demonstrates its dedication to supporting the trading community in making informed and efficient trading decisions.
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These new features underscore NinjaSpread’s commitment to providing innovative and user-friendly tools for options spread scanning. By giving traders the ability to tailor their strategies according to their risk tolerance and market expectations, NinjaSpread continues to lead the way in delivering cutting-edge solutions for options trading.
The update is now live, and we encourage all traders, whether seasoned or new, to explore these features and see how they can enhance their trading experience. With NinjaSpread, the power to manage your options spreads is literally at your fingertips.
Stay tuned for more exciting updates from NinjaSpread as we continue to enhance our platform to better serve the needs of our trading community.
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