Frequently Asked Questions

Efforts are made to promptly propagate trade information to subscribers immediately after execution. However, we do not employ latency-sensitive trading strategies. This deliberate choice reduces the necessity for immediate reactions to specific signals. For more details on the duration of signal validity, please refer to the following section titled 'How long is the signal valid for?'

Our signals are valid for as long as the price of the traded instrument is similar to the signal price. Angevin Capital does not employ a latency sensitive strategy that exploits short term price movements for reasons that are explored further in our published articles. Instead, the trades typically play out over several weeks or months. Given the nature of derivative pricing models, the price of the derivative will generally only change by so much in the short term. It is perfectly plausible that the price of the instrument would still be similar to the Angevin signal price even 1-2 days after the trade was executed.

Angevin Capital utilizes services provided by Interactive Brokers for trading purposes. However, Angevin Capital is an independent entity and is not endorsed by, affiliated with, or sponsored by Interactive Brokers in any capacity. Any mention of Interactive Brokers is solely for informational purposes and does not imply any endorsement, affiliation, or partnership between Angevin Capital and Interactive Brokers. As such, there is no requirement to use Interactive Brokers to replicate Angevin Capital's trading activity, but they are notable in that they support the financial products that are traded by Angevin Capital and offer a range of learning materials that are highly relevant to the content provided on this website.

Option contracts make up the core of Angevin Capital's trading activity. These option contracts can be traded via an option chain which is a listing of all available option contracts for a particular security, typically organized by expiration date and strike price. It provides traders and investors with a comprehensive view of the available options for trading on a specific underlying asset, such as stocks, exchange-traded funds (ETFs), or indices. How an option is traded from an option chain will vary by broker, but a detailed explanation of how to work with the Interactive Brokers option chain can be found here.

Each option chain typically includes the following information:

Expiration Dates: Option contracts have expiration dates, indicating when the contract expires and becomes worthless if not exercised. Option chains display available expiration dates, usually organized chronologically.

Strike Prices: Each expiration date within the option chain lists various strike prices. A strike price is the price at which the option holder can buy or sell the underlying asset if they choose to exercise the option.

Call Options: Call options give the holder the right (but not the obligation) to buy the underlying asset at the strike price before the expiration date.

Put Options: Put options give the holder the right (but not the obligation) to sell the underlying asset at the strike price before the expiration date.

Bid and Ask Prices: For each option contract listed in the chain, there are bid and ask prices, indicating the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask).

Volume and Open Interest: Option chains often include information about trading volume (the number of contracts traded during a specific period) and open interest (the total number of outstanding contracts) for each option contract.

While public perception is that these financial products are generally more difficult to understand than stocks, for example, Angevin Capital takes care of the complex mathematics needed to generate statistically sound trading signals. This means that users of the signals can focus their efforts entirely on trade execution.