Advanced Analytics

Some strategies are more responsive to time decay and/or volatility than others.   This platform has tools to help analyze these components.

  • Construct the position in the Option Chain table
  • Select the ‘Go Big’ icon on the P&L Graph
  • The Graph shows 3 data points: Current Day, Halfway point to Expiration Day & Expiration Day.  The corresponding legend, immediately below the graph, follows the cursor slider along the graph.
  • The bottom of the screen contains a Calendar (Time) & Volatility Scale.  Both can be manipulated to analyze the position.

Time: You can select a date to analyze as well as user stepper buttons to move day by day backward or forward.

Volatility:   Use the volatility slider or enter a value in the entry box to see the impact of changes in volatility.   The slider bar also displays the current (circle), average (gray), and 1 year high / low of implied volatility (orange portion of the slider) for easy reference.

Evaluate Existing Positions

Positions will automatically show on the options chain for the active brokerage account.

You can also access directly from Broker Positions.  Select “Analyze” from the Action menu. 

This will display the current values as well as entry cost and current P/L.

Here you can also close the position or evaluate adjustments on the trade.

Position Indication on the Chain

When evaluating an existing position on the options chain, the positions held are indicated with arrows on the chain. The arrows point to the quantity entry box of the held position.

Green arrows  indicate Long or Buy positions.

Red arrows  indicate Short or Sell positions.

Snapshot: Comparing Positions

The Snapshot feature gives you the ability to compare up to three scenarios in one view without having to change screens or erase previous setups.  You can even submit a trade from this part of the platform!

  1. From the Calls+Puts chain (as well as “Calls” or “Puts”) enter the initial trade position.
  2. Next click one of the camera icons: 
  3. Repeat the first step using the Rolling Icons to adjust the initial position to a new scenario:
  4.  Click the 2nd camera icon & repeat the above steps for the last trade comparison.

Note: The position lines are color coded to match the Snapshot (or New) icon.

Once you decide on the optimal position, click ‘Trade’ from the P&L Graph and you’ll be taken to the Order Ticket of your brokerage account with the option information auto-filled. 

Trade Management

This platform makes it easy to manage and adjust trades when needed. The Snapshot feature and the P/L graph enables you to visually assess adjustments.

Once the existing trade is showing on the options page, take a ‘snapshot’.  Enter the adjustment, then take another ‘snapshot’.

To submit the adjustment to the Order Ticket of your brokerage account, click “Trade”. The smart ticket system will even handle the trade adjustment automatically by entering the appropriate buy/sell, open/close combination.  

Clickable Legends

When comparing trades using the Snapshot feature, the P/L Graph can get a little crowded.  You can clear some of the lines by simply clicking on the legend to toggle visibility.

Clickable legends are also available in other graphs and charts within the platform.

Historic & Implied Volatility

This chart displays Historic (HV) and Implied (IV) Volatility with the ability to overlay Call/Put IV

Historic Volatility (green line) is based on how the stock actually moved.

Implied Volatility (blue line) is based on how the options are priced.

When expanded, the stock chart 12-Month Mean (Average) IV and one-year IV High/Low (red line) are also shown. This is very helpful in understanding if option premiums are comparable to historic values.

High HV indicates recent strong movement.

High IV indicates higher premium and, in many cases, anticipated movement.

Note:  You can remove the Stock Chart, HV, IV or Call/Put IV simply by clicking on the corresponding indicator above the chart/graph.

Trading from the Option Template

From Template to trade is easy.  

Simply click the “Trade” button on the Option Template and the Order Ticket will be filled in for you. This not only saves time, but eliminates order entry errors.

You can connect directly to select brokerage firms right from the platform and execute the trade.

From Strategize to Analyze to Trade

Any strategy-specific options trade will have ‘Analyze’ and ‘Trade’ in the Action Icon.

Click ‘Analyze’ to see the trade in the options chain. From there, you can edit or click ‘Trade’ to have the trade sent to the Order Ticket of your brokerage account.

Give it a try!

Options Chain Analysis

The Option Chain pages offers a 3-D analysis comparing expiration dates by selected criteria.

Click on “Chain Analysis” to display the graph.

Use the drop-down boxes to view the tables by Implied Volatility, Volume, Open Interest, Price, Extrinsic Value, Delta or Intrinsic Value.

Toggle the view by using the clickable legend to select the Expiration Dates to view.