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I noticed on the back cover of TOS Think Money magazine they state that
"Our mobile trading apps are optimized for the IPad."
I know that the TOS option analysis is top notch. Are the profit/loss option plots available on the mobile devices
such as the Nexus 7 ( Android) for the multi leg type option types such as the iron condor??
Do the TOS mobile apps actually perform better using the Apple I Pad??
Thanks in advance. HH.
Can you help answer these questions from other members on NexusFi?
If you have an iPhone or an Android phone, the thinkorswim phone app basically has the same functionality as the tablet version. I believe what they mean by "optimized for the iPad" is that it is a native tablet app, not the iPhone version blown up to fit the tablet screen. The iOS and the Android versions have a different UI. I prefer the iOS version. For me the thinkorswim mobile app is good for monitoring a trade and closing positions, not so much for opening trades unless it is a simple buy or sell, nothing fancy like iron condors, since it has nowhere near the functionality of the thinkorswim desktop program.
For option analysis on the tablet, check out the Dough app. It is the same thing as the web version, so you can see it there if you don't have a tablet. Dough is specialized for options so you can chose strategies (vertical, strangle, iron condor, etc) and see the probability of profit, return on capital, buying power, etc. Dough only connects to TD Ameritrade so if you have an account there you can use it to trade.
I sounds like the only reliable way to analyze and track all of the greeks and options for a complex trade (such as an iron condor) when out of the office is with a lap top and the TOS platform?
Attached are some screenshots of the thinkorswim iPad app and the Dough app. The thinkorswim app under the options tab are the available spreads and the column items available. The Dough app they call it "visual trading". You can drop down the put/stk/call or chose a strategy and then move around the orders.
I don't know if there is a best choice, I'd say it depends. I personally prefer the full sized iPad. The new "air" version feels nice. I have the older iPad 2 which weighs around ~1.4lbs I think, the new one is thinner and weighs 1lb which may not sound like much but it makes a difference. I use the iPad around 90% for reading, using Flipboard, Pocket, and the like. The mini screen feels to small for me, makes it a bit uncomfortable for Flipboard. The main difference to me is portability but I don't really take the iPad out of the house so the bigger one is perfect for me. I would try them both out at the Apple store to get a feel for them.
I have been comparing the Nexus 7 2013 and the Ipad Mini 3rd generation. The Ipad Mini seems to win in features
and the Nexus 7 seems to win in price. How do they compare in relation to the TOS patform app??
Thanks again. HH.
I am planning to get an ipad for the occasional trades (options & stock) and monitoring my positions/account while at work/commuting. Does anyone know how much data it will need? The phone company reps. don’t have a clue and just want me to subscribe to the most expensive unlimited plan.
