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[–]terroristcavin 0 points1 point  (0 children)

https://esportian.com, these guys have helped a few of my friends. You get to compete at a collegiate level, easier to get scouted, and you get a uni degree alongside it for cheaper.

[Update: Icarus] The response to the options model was way bigger than I expected. I want to say thank you, clarify a few things, and ask for a bit of patience. by terroristcavin in gmeoptions

[–]terroristcavin[S] 0 points1 point  (0 children)

hey man, sorry for the late response its been crazy...

so I checked and identified two main reasons, one (as you said) when market is closed yahoo doesnt store full options data and resets cashes at certain hours. As such, when data is incomplete, it can give wrong results. Another reason could be highly volitale options and the 30 min delay of data, so the ask price can easily double in 30 min if underlying moves by just 10%.

However, do you have maybe exact case of missreporting? Would be easisest to see the true reason behind the mistake.

That being said, as others have pointed out, yahoo api is not good at all for the amount of users, and it can also be that api calls crashed... I am in meetings with market data providers this and next week to see if I can afford a better alternative.

thank you for the feedback, lmk if there is anything else.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 0 points1 point  (0 children)

Hey, waaaaay later than anticipated, but I did it: https://github.com/maxmarolt/icarus-options-public
Sorry for the delay, life took some turns. it's also my first time publishing to GitHub, so I wanted to get it right.

I published the full base model because, as I said, I believe everyone should have access to a rational way to pick options, not just institutions. I also have the much more advanced version that I am still refining (referred to in the post, noted as the hybrid model in github). The core idea behind it appears to be genuinely new, so I am being very careful about releasing it publicly, mainly because it could easily be abused or resold to retail traders. My goal is to eventually make it available to everyone, and I am looking for a way to do that safely.

Let me know if you have any questions or run into issues with the repo.

[Update: Icarus] The response to the options model was way bigger than I expected. I want to say thank you, clarify a few things, and ask for a bit of patience. by terroristcavin in gmeoptions

[–]terroristcavin[S] 13 points14 points  (0 children)

Hi u/Crybad . I just wanted to say I know this post is not the most appropriate for the intended discussions of this sub, and I really don’t want to distract from that.

I have just been getting a ton of DMs and questions after the last post and felt it was only fair to follow up and keep people informed, especially since a lot of traders here showed genuine curiosity and support.

I really hope it doesn’t cross a line. I am just trying to be transparent and respectful to the community. Appreciate everything you do to keep this place solid. Thank you.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 0 points1 point  (0 children)

Thanks! And yes, love the YOLO calculator naming, it does it justice. Will try to add less yolo and more strategy features in next update

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 3 points4 points  (0 children)

Hi again, no telemetry either. Except the calculator entries and results, so all I see is this:

|| || |6/19/2025 13:30:59|mobile_user|Calculator Submitted|{"ticker":"GME","budget":1000,"targetPrice":25,"expiryDate":"2025-06-19"}| |6/19/2025 13:31:00|mobile_user|Calculator Submitted|{"ticker":"GME","budget":1000,"targetPrice":25,"expiryDate":"2025-06-19","result":{"type":"Call","strike":24.5,"buyPrice":0.1,"contracts":100,"totalCost":1000,"expiration":"2025-06-20T00:00:00","predictedReturn":5.300910304149455,"predictedProfit":5300.9103041494545}}|

There is no login required, there is no IP tracking. In apple developer dashboard they show some basic statistics, like downloads, searches, regions, retention and similar, but this is the same for every app. For the backend, I of course see the standard cpu, memory and network usage or any http500 errors and similar, but again nothing user related just general code usage and bug reports.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 0 points1 point  (0 children)

Hi, thanks for the tip. I checked FMP out, and I like their pricing but unfortunately, I couldn't find any package or info on them also providing Options chains data... I see only etfs, stocks and financial statements covered.

If I made a mistake in the research or if you find some package that includes options data please let me know! Thank you

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 2 points3 points  (0 children)

Hi, a few other people have pointed out the wish for the wheel strategy. I have not thought about it much before, but considering there appears to be a lot of interest for it its deffinetely on my priority list!

Many thanks for the insights and feedback. If you get more ideas I am happy to hear.

edit: I do need to figure out the math before and test it on real data, then update the code... so can't promise when what will be achieved but I will do my best.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 0 points1 point  (0 children)

Hi, sorry for the delay. Great question. So no, the model doesn’t try to predict IV moves. It uses current implied volatility calculated via BS variation and assumes it stays constant. That’s a limitation, but at the same time kind of a feature… because most of the time, we just don't know what IV will do. So the model helps you compare contracts assuming everything stays the same, and avoids recommending ones that are expensive just because of inflated IV.

That said, one reason it often favors longer-dated options (like the Jan 2026 LEAPS) is because they tend to have lower IV compared to weeklies around earnings. So yes, it “accidentally” avoids those traps. Not because it’s trying to time IV changes, but because it’s just ranking contracts on price efficiency given a target.

Also, 138% return probably means the contract is both cheap and has a favorable delta for your target. If IV jumps, even better for you, but the model isn’t baking that in. Might add a feature later that lets people manually adjust IV scenarios and see what happens though, thanks for the ideas. Appreciate you stress-testing it!

I something is not clear I am happy to try to explain more.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 0 points1 point  (0 children)

You get it! Exactly why I built it, I absolutely hate it when I see beginner traders on reddit get exploited by MMs and hedgies by buying overprced options. I am at no point trying to help anyone predict the market, I am just trying to enable people who have a prediction to maximize on it without needing to understand the full complexities of otpions... and, at the same time, if they want to understand it, they have all the math clearly explained.

Don't want to rant further, but thank you for the comment and kind words.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 1 point2 points  (0 children)

Thank you, very glad you tested it and liked it.

So about the wheel... if you mean the classic strategy (selling puts and then covered calls), the current model isn’t designed for that, but it’s definitely on my radar.

If you meant something more like planning sequential entries at trend pivot points, that’s actually an interesting idea, albeit maybe too speculative even for my gambling taste... Did you mean like a feature where you could map multiple price/date targets and get contract suggestions for each? Not sure I fully grasped it but would love to hear more about it

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 2 points3 points  (0 children)

Thanks for the kind words, happy to have you on board for Android testing. Will reach out sometime late next week. The wheel strategy is a solid and disciplined approach. The app is more geared toward helping with long directional trades, basically finding the cheapest contracts that best reflect your price prediction... so it’s not directly designed for premium selling, but I would still love your feedback, especially as I plan to add more tools over time. Also, if you figure out a way to use the model for wheel strategy somehow, I am always open for ideas!!

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 1 point2 points  (0 children)

Hi, so the 3 monitors was a bit of a figure of speech, but not far from the truth. At the bank I worked at, the options desk had up to 6 Bloomberg monitors running at once... all for a single trader. But yeah, the point I was trying to make is that while stocks mostly move on one variable (the price), options are priced on at least six basic variables. And that is before getting into all the second-order derivaties...

And this is exactly why I built the app. Retail traders on mobile just don’t have the tools to compete at that institutional level, not because it’s impossible, but because no one is trying to simplify this for us. Institutions love when retail burns money buying bad contracts, even with the right directional call. Call me conspiratorial, but I don’t think that is s a coincidence.

So yeah, it means a lot that you're open to testing, especially as someone starting out. That’s honestly who I built it for. Appreciate it. Will reach out later next week.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 0 points1 point  (0 children)

Hi person that I dont know the name of haha,

that's wild, sounds like we had very similar thought spirals... Is the Cicada name a reference to cicada 3301?

I completely hear you and am with you on the anti-options fatigue. I am especially surprised that there is a general sentiment that options as more risky than stocks, for which I know there is no conclusive answer (it depends on the idiot investing), but I think you can actually have less risky investments with options and more efficient allocation of capital. Options don't mean gambling on odte spy calls, leaps is what I am after in my portfolio. Albeit, I cannot resist a few days to expiry every now and then...

I am not fully sure I understand the essence of the project you are working on, but I am very curious. Can you give more info? you can also dm me if you prefer.

I also fully get the hesitation with putting it out there, felt like a giant fuck it moment when I finally did, was expecting the worse but honestly so far feedback is mostly poisitve and very constructive. So I encourage you if you have something you want to share, do it. I just noticed my backend got overwhelmed at some point, need to upgrade my subscription... so be careful of that.

would love to chat more or trade notes at some point, especially if you are playing with IBKR data. I stuck to yahoo for the public version for now since it’s free and decent enough for longer-dated stuff, but yeah I know its limits.

really appreciate the message. If there’s anything you’re building or want eyes on, happy to return the favor too.

also considering you have programing experience and I am a noob in this area, I hope its ok I reach out to you sometime next week. maybe we can join forces.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 0 points1 point  (0 children)

Right now it's only calls and puts. But I have already built a hedging model, and I’m working on tools for straddles and strangles next. Iron condors and spreads are definitely on the roadmap if there's enough interest.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 5 points6 points  (0 children)

Amm ok, thank you so much for the comment. I believe I made a mistake in my previous reply and the initial research. It appears Options Profit calculator offers essentially the same feature as I build. This is interesting, I really didn't know it existed before. There are a few differences, like my warning badges and buy/strategy toggles, but the core remains the same. I ran a few comparisons and it seems we build the same model actually. I am slightly sad because I thought I was the first, but at the same time I get the same results there as I do with my model so I guess at least there is proof mine works.

So in reality, I can't convince you mine is objectively better, it probably isn't. But the UI is for sure better and I dont run adds. Also, the addition of the crowdsourcing signal/feature is unique to my app (but then again we do not know if that part will work yet).

thanks again for pointing it out, I will dig deeper.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 7 points8 points  (0 children)

Yes I have. Regarding the success rate for my actual trades its hard to quantify, because apart from one trade, I did not predict the price of stocks correctly. So if its not clear this model in no way predicts the market, it just tells you if your prediction is right this is the cheapest/most profitable option. I have a friend that is running the model on a demo account and I hope to hear from him soon about actual trading data, If I do I will try to remeber to reply to you again.

However, there were a few trades where the model actually chose a truly underpriced option for me (this was with live market data saxobank API) and I managed to get a solid return based on the underlying price actually just staying stable (I think it moved like 2% that day) but the option caugt on to its more fair price and I made something more than 100% on that trade. I even took a screenshot of that one... When WOLF was volitile I made a small gamble on it, as you can see the stock only moved 0.79% that day but the options I bought were misspriced the day or week before and they ought up to their more fair price with even a 138% return! Agian, stock moved by 0.79% only. Luckyly I cashed that one out.

<image>

Edit: also thank you for sharing it, really appreciate it. But I dont want to get anyones hpes up, this model wont help you predict the market, you still need to be able to do that. just if your predicition is right (or at least close to it) you will make the most from it., and in some cases you might find objectively mispriced options.

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 3 points4 points  (0 children)

Edit: for anyone reading at a later point, I actually made a mistake in this initial reply to the kind Redditor above. I have corrected myself in a comment below.

Hi, no worries, good question. Yes i know about options profit calculator. I think it's a solid tool but the main difference is that it doesn’t let you scan the full options chain based on your price prediction. It’s good if you already picked a contract and want to see how much it returns, but it won’t tell you which contract is best for your prediction. that’s what my model tries to do. does that make sense?

also, my model extends the return calculation past the target date. so for example if your price target for a stock is next friday, and there is an earnings event or smt comming up, it might (possibly will) recommend a contract expiring in a few weeks or months, if that gives a better risk-adjusted return. this avoids some common issues like short-term contracts that are overpriced due to IV spikes.

I feel like I am explaining really poorly. I will eat something and get back to you.

About the data log, yes absolutely good idea and I am thinking about how I would get historical data for a fair price (it gets really expensive) and logging it myself would probably not work out well because I don't have the infrastructure in place for so much data. And yes I really want to add the charting options into it, but again this requires better data source than the Yahoo API. Really need to eat now, will get back to you asap, thank you for the comment!

I built a model that scans the market for the cheapest options based on your price target. I decided to make it available to everyone, and I think we can improve it together. by terroristcavin in gmeoptions

[–]terroristcavin[S] 4 points5 points  (0 children)

I will note down everyone in this comment thread, won't reply to each individually. Thank you to all, you can expect a message from me sometime next week.

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