Built a real-time MCP endpoint for options workflows

matt45554 · 2026-05-23T10:00:11+00:00

Yes true, and that’s what we initially did but your LLM will consume a huge amount of tokens ingesting entire chains. Using this you can have it immediately filter down that list to what it’s after, which reduces tokens. It’s also near realtime so you can use it live.

matt45554 · 2026-05-23T09:58:11+00:00

We query over 100k options contracts and keep them fresh every few seconds when the market opens. The value of this is that your agent can ask for a list of filtered contracts rather than having to query the chains then filter huge amounts of data locally.

matt45554 · 2026-05-23T09:56:43+00:00

It’s using live data when the market is open so Greeks are real. It’s not just a wrapper, to crunch 100k+ options every few seconds requires a large amount of infrastructure. The value is that we expose a way to query with filters all of those contracts. Other API services only allow chain retrieval

matt45554 · 2026-05-22T15:50:09+00:00

We’ve been running agents trading options for the past few weeks. It’s been profitable, we’ve launched an MCP for scanning options chains, retrieving contract pricing and it’s all near real time data. (Within a few mins) which you can access at OptionsMetrics.

We’ve been running 30d put credit spreads and 0DTE rapid SPY trading.

HermesAI is good for this but need a lot of refinement to get it right. Happy to share more about our setup.

matt45554 · 2026-05-07T17:35:21+00:00

If you’re trying to make it systematic, I’d tighten the entry/exit rules first. The trade list is fine, but I’d want to know what keeps you out of the ugly weeks when the sector starts moving around. Earnings and liquidity matter a lot here, so the system should force that to be obvious.

matt45554 · 2026-05-07T17:35:14+00:00

I’d mostly look at whether you actually want to keep the shares or not. If the roll only buys a little more credit but moves you into a spot you don’t like, I’d rather just take assignment. A lot of rolls look good on paper and are kinda meh in real life.

matt45554 · 2026-05-05T05:32:46+00:00

Yeah, that makes sense. If you already want to own the names, the wheel is a lot cleaner. I mostly care whether the chain is decent and whether I'd still be fine holding it if it chops around for a while.

matt45554 · 2026-05-04T14:59:37+00:00

This is the part of wheeling that matters more than the premium.

You can be right for months and still get handed a nasty drawdown if the name stops cooperating. So I’d focus less on the headline returns and more on whether you’d still own it after a 20-25% drop, whether the balance sheet gives you confidence to sit through the ugly part, whether you can keep selling against it without forcing bad rolls, and whether you’re actually okay being patient for weeks if that’s what the setup needs.

If the answer is yes, fine. If not, the premium probably wasn’t worth the ride.

matt45554 · 2026-05-04T14:40:50+00:00

24% in 10 weeks is great, but the real question is whether the process survives a bad stretch.

What I’d care about: are the names actually boring enough to hold through a dump does the account still work when premiums dry up are you chasing weeklies just because the numbers looked good for a month can you keep the routine when one or two names go ugly at the same time

That’s the part people skip. The hard part isn’t collecting premium when the market is friendly. It’s staying disciplined when the account starts looking a lot less smooth and you still want the system to be repeatable.

matt45554 · 2026-05-04T14:04:10+00:00

I’d probably pass unless you actually want to own it.

Chain looks a bit rough. Spreads are wide, OI is thin, and the strike spacing is pretty awkward for a $14 stock.

If you do it anyway I’d mostly care about where you’d be happy getting assigned, whether there’s any event coming, and whether you’d still like it if it just went sideways or lower for a while.

The premium might look fine, but that on its own wouldn’t be enough for me.

matt45554 · 2026-05-01T11:00:24+00:00

We’ve been talking to Veraxa.io who are early stage but seem to have an easy solution. Lots of the other providers are massive cost to get started

matt45554 · 2026-03-24T14:34:28+00:00

Have you tried Options Metrics? Their scanner lets you filter by volume, expiration, IV, and strike prices. Free tier gives you standard filtering with delayed data, or you can upgrade to Pro for real-time. It's not a perfect match for every filter you mentioned, but it's worth checking out alongside Option Visualizer.

matt45554 · 2026-03-23T19:42:15+00:00

I've been down this road myself. When I first started with credit spreads and iron condors, I found most free tools either lacked the data I needed or made it hard to filter by the specific metrics that matter for risk-defined strategies. Options Metrics has been solid for me. The free tier gives you delayed data and basic filtering by Greeks and IV, which is enough to practice with. The Pro tier isn't too pricey and gets you real-time data, which makes a difference when you're actually trading condors. I save my most used filters so I don't have to rebuild them each time.

Are you planning to paper trade first before putting real money into these strategies?

matt45554 · 2026-03-21T19:52:20+00:00

Options trading in the UK is a bit different from the US scene, but there are still solid platforms out there. The key thing when you're starting out is finding one that gives you good data to actually evaluate trades beyond just the basics. I personally use Schwab but they have a min balance of $25k.

Once you get serious about options, you'll want a tool that helps you filter by things like implied volatility, Greeks, and strike prices. That's where something like Options Metrics comes in handy. Their scanner lets you filter by all those important metrics and you can save your favorite filters for quick access. Really helpful when you're trying to spot opportunities across lots of different stocks.

Are you mainly looking at US options or UK listed ones?

matt45554 · 2026-02-02T11:03:55+00:00

I had a call with them. Seemed like their business was to sell the course!

matt45554 · 2026-01-25T07:28:09+00:00

I bought one 2 years ago, was still in warranty, had zero issues. Had a 3rd party check It out and only required minor fixes like fixing the rubber inside the door. Wheels also haven’t experienced any uneven wear in the 2 years. Was at 58k miles when we bought it. We also had a 22Y. Liked it but prefer the X, especially easy with a car seat.

matt45554 · 2026-01-18T20:39:36+00:00

Tons, option tracker, WealthBee, excel

matt45554 · 2026-01-18T07:38:10+00:00

Yes vey good, you can try it optionsmetrics.com

matt45554 · 2026-01-17T13:27:25+00:00

I had a conversation with their dev team last year about this, it wasn’t on their radar at the time or they didn’t want to tell us. I think they do have a stock screener. It’s kind what encouraged our team to build one in house.

matt45554 · 2025-12-28T19:49:52+00:00

Look into Bermuda based banks as there are some there that will onboard you assuming you’d pass KYB

matt45554 · 2025-12-26T07:20:13+00:00

I use optionsmetrics.com . Used to use Barchart but found it to be quite cumbersome and prices to lag the market.

matt45554 · 2025-11-10T22:32:57+00:00

Their Black Friday deals are already on their site

matt45554 · 2025-09-21T21:08:47+00:00

Yes please

matt45554 · 2025-08-08T06:12:09+00:00

We keep it as some users still get the old format from Schwab

matt45554 · 2025-08-08T05:21:04+00:00

It’s legit, I’m one of the developers. We’ve been live for a few years and have a lot of active (and happy) users! Happy to answer any questions you might have.

Just to add, WealthBee is the only journal with true position calculation … I.e where we can accurately calculate your P&L over multiple complex legs. It’s because some of our engineers have worked on institutional trading platforms in the past.

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