PowerOptions API Introduction

The PowerOptions Application Programming Interface (API) provides an easy solution for interacting with the PowerOptions patented suite of tools. With the PowerOptions API, an individual or company can host any front-end user interface for the tools they like, and the back end functionality is provided for you by PowerOptions.

This application programing interface is provided as we recognize that the existing tools and data on the PowerOptions (www.poweropt.com) web site are not a perfect fit for all users. We may not provide every ratio or calculation that you'd like to have. The API is an additional feature to the PowerOptions site that allows you to create your own calculations, ratios and user interface. By using the API with your individual calculations and ratios and searches, you can keep your data private.

Using the PowerOptions API will take special technical skills for implementation and is not intended for the average user. Implementing a custom API program solution will require programming skills. The API should be used by advanced users who need a bit more flexibility than the existing PowerOptions tools allow. If you are not a programmer and are not comfortable programming an API solution yourself, you can contact any independent programmer to write something for you. The PowerOptions staff programmers may also be available to write a custom solution for you, for an additional fee.

Requests for data and functionality that are available in the API do have some restrictions. As repeated requests in quick succession may cause undue burden on our systems, we do ask that requests be spread out over time and we do cap the total number of data requests to 20,000 quotes per month. If you require higher data rates, we have less restricted access available for additional fees.

PowerOptions API Overview

API Authentication Models for Access Control

There are two basic API Authentication Models for Access Control:

User Level Authentication/Access Control:
· You create and manage accounts for each of your customers
· We provide API usage tracking for each of your customers
· 20 minute delayed or realtime market data
· Monthly fee based on number of user accounts available
· Monthly fee based on user API usage available

Client Level Authentication/Access Control:
· Make all API calls without the need to create user accounts
· No customer/user usage tracking available
· 20 minute delayed or realtime market data
· Flat monthly fee available
· Monthly fee based on client API usage available

API Features

What you receive when you purchase a PowerOptions API License:

Unique Client ID
Unique Client Password
PowerOptions Subscription Account

User Account Management

If you have a User Level authentication license, you will be able to perform the following account management actions:

Create user accounts for each of your customers
Cancel user accounts for each of your customers
Reinstate user accounts for each of your customers
Receive API usage reports for each user.

Pre-Defined Search Reports

The PowerOptions API allows you to create pre-defined search reports for your customers using the included PowerOptions account:

23 option strategies supported
Use the patented SmartSearchXL technology to create search reports using your PowerOptions account.
Access all of your pre-defined search reports through the PowerOptions API
Get search results with either 20 minute delayed or realtime market data
View a working example of the ReportSearch here

Custom Searches

The PowerOptions API allows you to have your own search tools so your customers can interactively search the entire options market using custom criteria:

23 option strategies supported
Get search results with either 20 minute delayed or realtime market data
Save custom searches for both clients and individual users
View a working example of the CustomSearch here

Advanced Chains

The Advanced Chain allows you to search for all possible spreads for a specific stock over any expiration month for a given option strategy:

23 option strategies supported
Get search results with either 20 minute delayed or realtime market data
View a working example of the AdvancedChain here

Quick Find

The Quick Find allows you to see near month covered call opportunities for a given stock:

See the cash income, potential cash profit, and % downside protection for conservative, neutral, and aggressive covered call trades for a given stock and share amount
Get search results with either 20 minute delayed or realtime market data
View a working example of the QuickFind here

Stock and Option Quotes

The PowerOptions API allows you to see detailed information for all US optionable stocks, indices, and options.

Over 50 pieces of data returned for both stock and option quotes
Get stock and option information with 20 minute delayed or realtime market data
View a working example of the StockQuote and OptionQuote by clicking on the stock and option symbols in the CustomSearch example here

Long Option Finder

The PowerOptions API allows you to search for the highest return long calls or puts based on your prediction for a stock.

Provide your stock prediction, time frame, and investment amount
Estimated value and return calculated using the Black-Scholes pricing model
Get a list of highest return calls or puts with their estimated values and returns based on the stock prediction and time frame
View a working example of the LongOptionFinder here

PowerOptions API