Option search criteria testing

• US 8,595,123 B1
• Filed: 05/07/2012
• Issued: 11/26/2013
• Est. Priority Date: 06/22/2006
• Status: Expired due to Fees

• Current Assignee: Power Financial Group, Inc.
• Original Assignee: Power Financial Group, Inc.
• Inventors: Zerenner, Ernest H., Zerenner, Gregory James, Chupka, Michael L.
• Primary Examiner(s): Patel, Jagdish
• Application Number:
  US13/465,325
• Time in Patent Office: 568 Days
• Field of Search: 705/35, 705/37
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system for testing option search strategies comprises a repository of historical option data reflecting financial market conditions on a plurality of days in the past. The system is adapted to receive user defined search criteria for searching the repository of historical option data for option investments, search the repository of historical option data for option investments satisfying the user defined search criteria, and transmit the results. The system is further adapted to receive a request to use the user defined search criteria to search current financial market data for existing investment opportunities.

Claims

1. A method implemented by a computing system for testing option search strategies, comprising:

the computing system creating in a database a repository of historical option data, said historical option data comprising financial market data received from at least one data source and values derived from said financial market data for a set of searchable option parameters, the financial data and values derived from the financial market data reflecting market conditions on each of a plurality of days in the past;

the computing system generating and transmitting instructions for use in presenting a first user interface screen for specifying search criteria;

the computing system receiving via the first user interface screen user defined search criteria for searching the repository of historical option data for option investments, the user defined search criteria specifying an option strategy type, identifying values for a plurality of the set of searchable option parameters, and specifying that the search be performed under market conditions as existed during a particular period of time in the past;

the computing system searching the database of historical option data and identifying option investments satisfying the user defined search criteria, the identified option investments comprising option strategies that are the specified option strategy type and have the identified values for a plurality of the set of searchable option parameters under market conditions as existed during the particular period of time in the past;

the computing system generating and transmitting instructions for use in presenting a second user interface screen including a list of option investments satisfying the user defined search criteria.

2. The method of claim 1, wherein the user defined search criteria specifying that the search be performed under market conditions as existed during a particular period of time in the past comprise a beginning date from which to begin searching and receiving an end date at which to end the searching.

3. The method of claim 2, wherein searching the database of historical option data and identifying option investments satisfying the user defined search criteria comprises calculating returns on option investments using the beginning date and the end date.

4. The method of claim 1, wherein searching the database of historical option data and identifying option investments comprises calculating returns for option investments.

5. The method of claim 1, wherein searching the database of historical option data and identifying option investments comprises calculating returns for a group of option investments.

6. The method of claim 1, wherein searching the database of historical option data and identifying option investments comprises calculating returns for an individual option investment.

7. The method of claim 1, further comprising:

receiving at the computing system modified user defined search criteria for searching the repository of historical option data for option investments;

searching at the computing system the repository of historical option data for option investments satisfying the modified user defined search criteria;

forwarding at the computing system a list of option investments satisfying the modified user defined search criteria.

8. The method of claim 1, further comprising:

receiving at the computing system an input requesting to save the user defined search criteria;

saving at the computing system the user defined search criteria.

9. The method of claim 8, further comprising:

receiving at the computing system a request to search current market data using the saved user defined search criteria, said current market data comprising financial market data received from at least one data source and values derived from said financial market data for a set of searchable option parameters, the financial data and values derived from the financial market data reflecting existing market conditions.

10. The method of claim 1, further comprising receiving at the computing system a request for additional information regarding at least one of an option investment on the transmitted list of option investments satisfying the user defined search criteria.

11. The method of claim 10, wherein receiving at the computing system a request for additional information comprises receiving a request for an analysis of a particular option investment over time.

12. The method of claim 11, wherein receiving a request for an analysis of a particular option investment over time comprises receiving a request for an analysis of a particular option investment from a search date until at least one of an option expiration date and a date the request is received.

13. The method of claim 1, further comprising receiving at the computing system a request for additional information regarding a plurality of the option investments on the transmitted list of option investments satisfying the user defined search criteria.

14. The method of claim 13, further comprising transmitting at the computing system a list identifying for each of the plurality of option investments a value for the option investment at a date in the past corresponding to the user search criteria and a value for the option investment on at least one of an option expiration date and a current date.

15. A computing system for testing option search strategies, comprising:

a database server comprising a database of historical option data, said historical option data comprising financial market data received from at least one data source and values derived from said financial market data for a set of searchable option parameters, the financial data and values derived from the financial market data reflecting market conditions on each of a plurality of days in the past; and

a computing server,

the computing server generating and transmitting instructions for use in presenting a first user interface screen for specifying search criteria;

the computing server receiving via the first user interface screen a user defined search criteria for searching the database of historical option data for option investments, the user defined search criteria specifying an option strategy type, identifying values for a plurality of the set of searchable option parameters, and specifying that the search be performed under market conditions as existed during a particular period of time in the past;

the computing server searching the database of historical option data and identifying option strategies that are the specified option strategy type and have the identified values for a plurality of the set of searchable option parameters under market conditions as existed during the particular period of time in the past,

the computing server generating and transmitting instructions for use in presenting a second user interface screen for presenting a list of option investments satisfying the user defined search criteria; and

the computing server receiving a request to employ the user defined search criteria to search a database of current market option data.

16. The computing system of claim 15, the computing server receiving a request to save the user defined search criteria.

17. The computing system of claim 15, wherein a receiving request to employ the user defined search criteria to search a database of current market option data comprises receiving a request to search current market data comprising financial market data received from at least one data source and values derived from said financial market data for a set of searchable option parameters, the financial data and values derived from the financial market data reflecting existing market conditions.

18. A system for testing option investment search strategies, comprising:

a database of historical option data, said historical option data comprising financial market data received from at least one data source and values derived from said financial market data for a set of searchable option parameters, the financial data and values derived from the financial market data reflecting market conditions on each of a plurality of days in the past;

a computing processor; and

computing memory comprising computer-executable instructions that when executed cause the system to perform operations comprising;

receiving user defined search criteria for searching the repository of historical option data for option investments, the user defined search criteria specifying an option strategy type, identifying values for a plurality of the set of searchable option parameters, and specifying that the search be performed under market conditions as existed during a particular period of time in the past;

searching the database of historical option data for option investments satisfying the user defined search criteria; and

transmitting a list of option investments satisfying the user defined search criteria.

19. The system of claim 18, wherein the user defined search criteria specifying that the search be performed under market conditions as existed during a particular period of time in the past comprise user defined search criteria specifying a particular month in the past.

20. The system of claim 18, wherein the operations further comprise receiving a request to search current market data using the saved user defined search criteria, said current market data comprising financial market data received from at least one data source and values derived from said financial market data for a set of searchable option parameters, the financial data and values derived from the financial market data reflecting existing market conditions.