I was hoping that there maybe some other Option traders out there who trade Australian options and could help guide me on what they consider to be a good charting and technical analysis software with live pricing on Australian shares as well as live pricing on Australian option chains. To give some further background, I predominantly trade options, ie sell cash covered puts and covered calls to generate regular income across several trading accounts.
I am not looking for an all in one trading platform software package, as I do not believe there is one complete platform that provides the info and the flexibility to trade efficiently. Currently I use ANZ ETrade as my trading platform in which I am happy with as I am able to do all my single leg trades and can also roll puts and calls as required. Currently I am using Bullcharts as my software package with live pricing subscription. It manages my needs but I am trying to get some changes made to it to make it more efficient. It has a well laid out Options page, however all pricing is static and therefore page needs refreshing to monitor price changes. This in itself is not a big issue as you can add the option chain to a watch list which will show prices updating. However, as this feature was added at my request, there are many missing fields and even the description it not large enough to easily and clearly work out which option chain you are looking at when you have several grouped.
As I am currently studying to gain my creditation as a financial planner specialising in derivatives, I will later need to have many different chains of options saved to various watch lists to allow me to efficiently monitor customers positions. My friend, who is also my derivatives financial planner who is teaching me along the way, uses a software program called Bourse 7 as his software package. It does manage the option chains better than Bullcharts but has many other less desirable attributes. It is not as strong in charting and has other issues with it like being able to save more than 1 default watch list layout. The depth in Bullcharts shows bar graphs as opposed to numbers in Bourse 7 and Bullcharts has a much more user friendly interface (my personal opinion).
After seeing some of the programs for trading options in the U.S. its embarrassing what Australia has available but I guess the options market here is tiny in comparison to the U.S. Anyway I was hoping that maybe someone out there is in a similar position and may have found a better software interface (considering that I do not require to place trades through the system) - I don't mind to continue to using ETrade as a separate system for placing the trades, as this will later link through to my licenseer account once I am later accredited.
Appreciate any responses, cheers.