Stock Option Type Stock Option Class Option Trading Set-Up

Stock Option Trading System

OneOption has organized option searches according to Type, Class and Set-up. Before a custom search can be conducted, the user must select the four criteria from -Type. Those selections will determine the Class of the search.

There are sixteen different option trading Classes and general observations can be made about the stocks that will conform to that search. Finally, each Class will contain a number of specific Set-ups. A Set-up is defined as a specific price pattern. Some Set-ups will appear in more than one Class. For instance, Greenline appears in two different Classes (BDRE and BDRC). In one case, the search is looking for Greenlines that are currently forming in the market. In the other case, the search is looking for Greenlines that formed the prior day and are "confirming" today. Subtle changes to the search variables can have a dramatic impact on the results.

To familiarize yourself with this hierarchy and the trade process please refer to the Option Type, Option Class, and Option Set-Up sections of the site.