Option Dynamics by Dennis Peterson
Option Dynamics is a software product created by Tom Joseph and his team. As the software name implies, it works with options, but as any option trader knows, your success as an option trader is tied to knowing which direction the underlying is going to move. The underlying in this case is stocks. I first ran across Joseph’s name in a stock club meeting many years ago when the presenter discussed software that would perform an Elliott wave analysis. The strategy of the software was to identify setups for wave 5 by analyzing the behavior of wave 4. Just having a way of tackling Elliott waves is impressive, so you would expect the Option Dynamic software to offer some unique insight, notwithstanding the fact that Tom Joseph has traded options for more than 20 years.
OPTION TRADERS REQUIREMENTS
Becoming a successful option trader requires knowing two things: (1) the direction of the underlying asset and (2) whether the option price is under- or overvalued. What you need is software that will give you information on both, and Option Dynamics does just that.