Option search criteria testing

• US 8,200,569 B1
• Filed: 06/21/2007
• Issued: 06/12/2012
• 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:
  US11/820,952
• Time in Patent Office: 1,818 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 in a computing environment for testing searches for identifying option investments using historical data comprising:

creating at a computer 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;

receiving at a computer user defined search criteria for performing a search for option investments using the repository of historical option data, the user defined search criteria specifying an option strategy type defining a type of option investment that the search is intended to identify, identifying values for a plurality of the set of searchable option parameters defining characteristics for an option investment that the search is intended to identify, and specifying that the search be performed under market conditions as existed at a particular date in the past;

searching at a computer the repository 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, the list comprising option investments of the identified type and having the defined characteristics.

2. The method of claim 1, wherein the user defined search criteria identifying values for a plurality of the set of searchable option parameters comprises an input selecting a saved set of search criteria.

3. The method of claim 1, wherein the user defined search criteria specifying an option strategy type comprises at least one of the following:

covered call, covered put, naked call, naked put, bull put spread, bear call spread, strangle spread, straddle spread, calendar spread, collar spread, and butterfly spread.

4. The method of claim 1, wherein searching for option investments comprises calculating returns for option investments.

5. The method of claim 1, wherein searching for option investments comprises calculating returns for a group of option investments.

6. The method of claim 1, wherein searching for option investments comprises calculating returns for an individual option investment.

7. The method of claim 1, further comprising:

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

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

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

8. The method of claim 1, further comprising:

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

saving the user defined search criteria.

9. The method of claim 8, further comprising:

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.

10. The method of claim 1, further comprising receiving 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 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 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 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. The method of claim 4, wherein the user defined search criteria specifying an option strategy type specifies a covered call or a covered put, and calculating returns for option investments comprises calculating a percentage if assigned and the percentage if not assigned.

16. The method of claim 4, wherein the user defined search criteria specifying an option strategy type specifies a naked call or a naked put, and calculating returns for option investments comprises calculating a percentage naked return.

17. The method of claim 4, wherein the user defined search criteria specifying an option strategy type specifies an option spread, and calculating returns for option investments comprises calculating a maximum profit realized from the option spread as a percentage of margin requirement.

18. The method of claim 1, further comprising calculating returns for option investments on an option expiration date.

19. The method of claim 1, further comprising calculating a maximum return between a scan date and an option expiration date.

20. The method of claim 1, further comprising calculating a minimum return between a scan date and an option expiration date.

21. The method of claim 1, further comprising calculating returns as a function of time.

22. The method of claim 1, further comprising transmitting a depiction of percentage return of an option investment as a function of time.

23. The method of claim 1, further comprising transmitting a depiction of a price of an option over time and a depiction of a price of an underlying stock over time.

24. A tangible non-transitory computer readable medium having instructions stored thereon that cause a computing system executing the instructions to perform operations comprising:

maintaining in a computing system 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;

receiving at a computing system user defined search criteria for performing a search for option investments using the database of historical option data, the user defined search criteria specifying an option strategy type defining a type of option investment that the search is intended to identify, specifying a saved set of values for a plurality of the set of searchable option parameters defining characteristics for an option investment that the search is intended to identify, and specifying that the search for option investments be performed under market conditions as existed on a particular date in the past;

transmitting a list of option investments satisfying the user defined search criteria, the list comprising option investments of the identified type and having the defined characteristics; and

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

25. The computer readable medium of claim 24, further comprising receiving a request to save the user defined search criteria.

26. The computer readable medium of claim 24, 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.

27. A system for testing searches for identifying option investments using historical data 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 instructions executable on the computing processor, said instructions comprising;

instructions for receiving user defined search criteria for performing a search for option investments using the repository of historical option data, the user defined search criteria specifying an option strategy type defining a type of option investment that the search is intended to identify, identifying values for a plurality of the set of searchable option parameters defining characteristics for an option investment that the search is intended to identify, and specifying that the search for option investments be performed under market conditions as existed on a particular date in the past;

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

instructions for transmitting a list of option investments satisfying the user defined search criteria, the list comprising option investments of the identified type and having the defined characteristics.

28. The system of claim 27, wherein said instructions for receiving a user defined search criteria comprises receiving an indication of a period of time in the past for which a search is to be made.

29. The system of claim 27, further comprising instructions for 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.