Getting options data for trading.
In finance world an OPTION is a special kind of contract which conveys to its holder the right to buy or sell a specific
asset or instrument at a specified strike price on or before a given date, depending on the style of the option.
An OPTION normally does not put any obligationon it's holder.
Options trading is how investors can speculate on the possible direction of the stock market or individual securities e.g. stocks and bonds.
Options contracts give us the choice to buy/sell the assets at a specified price by a specified date.
Python Knowledge Base: Make coding great again.
- Updated:
2024-11-20 by Andrey BRATUS, Senior Data Analyst.
Python code to monitor options trading:
Option data output (shown partly):
Options trading is normally used to hedge stock positions, but investors can also use them to speculate on price change.
There are discussions if "options better than stocks", but definetely they are less risky for investors because they require less financial obligations than equities,
and also due to their relative resistance to the dramatic effects of gap openings.
Options are dependable form of hedge, and this also makes them safer than stocks.
There are 3 basic characteristics of options:
- Strike price: the price at which an option can be exercised.
- Expiration date: the date at which an option expires.
- Option premium: the price at which an option is purchased.
In our case we will use Python to access trading statistics from Mboum Finance Official API which provides
options trading data.
To use necessary API you need to get "your-api-key" directly from Mboum Finance, or using rapidapi.com, the way I recommend.
Output data is in JSON format which can be easily converted to any suitable form for further visualisation and analysis,
options trading data will definetely help you to gain stable profitable market profits.
Get available option data for a specific stock/ticker.
import requests
url = "https://mboum-finance.p.rapidapi.com/op/option"
querystring = {"expiration":"1705622400","symbol":"AAPL"}
headers = {
"X-RapidAPI-Key": "your-api-key",
"X-RapidAPI-Host": "mboum-finance.p.rapidapi.com"
}
response = requests.request("GET", url, headers=headers, params=querystring)
print(response.text)
