Intraday Trade Finder Scan Updates (Premium Desktop Feature)

Trade Finder Scans are updated every 30 minutes during Market Hours on the Premium Platform.  That’s 12 more times than the Standard Platform version, which updates once after the Market opens.

Trade Finder Scans are easily identified with a Rocket Icon in the upper left corner of the Scan box.


Strategy Template

A Strategy Template provides a shortcut to quickly create an option strategy, virtually eliminating structure errors.  Once selected, you can modify the structure within the template using the tools on above the option tables:  Moving Strikes up/down, rolling Time out/in, widening or narrowing Strikes.

Some strategies can be changed from all Calls to all Puts (and vice-versa).

 Note:  The templates will not allow you to exceed certain parameters, as attempting to do so would result in an invalid strategy.  This is a built-in safety net and you would receive a notice similar to:


Storyboard of the Strategy

We also display a storyboard-like view of the selected strategy.  It is a combination of chart, risk graph, and performance channel constructed within one panel.

This storyboard gives you the full picture of the position:  The Structure,  Performance Channels and Calculations.

 


Performance Channels

Performance Channels can assist in visual analysis across both the P/L Graph and the Chart.

  • Dark Green – Stock movement affects gain
  • Light Green – At maximum gain
  • Dark Red – Stock movement affects loss
  • Light Red – At maximum loss

The width of the channel on the chart represents the timeframe of the trade.  If options expire in 30 days, the channel will display back 30 days on the chart.  This give a visual reference for the time frame of the trade.

Note:  Channels are displayed based on expiration of the trade.  Past performance is not indicative of future results.  Performance channel date orientation is for reference only.


Strategy Snapshot

It’s the “Cliffnotes” version of your strategy

Each strategy template provides a quick reference for the construction and application of the strategy.  The snapshot shows:

  • what the strategy outlook is on the color-coded range from ‘Very Bearish’, ‘Mildly Bearish’, ‘Neutral’, ‘Mildly Bullish’ or ‘Very Bullish’.
  • what effect ‘time decay’  and ‘volatility’ has on the strategy:  ‘Increase’, ‘Neutral’ or ‘Decrease’.
  • debit or credit trade
  • risk & reward level
  • strategy structure
  • an overview summary of the strategy

 


Delta & Theta Display on Template

You can expand the template to show Delta and Theta for the individual legs as well as the totals for the trade by clicking the  icon on the upper right part of this screen.

This can help for faster evaluation and better positioning of the trade.


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 Options Page & Strategy Templates

Structure and analyze any options position.  When ready, click “Trade” to create and submit an Order Ticket.

Comparing trades with Snap?   

Simply choose the structure you want then select “Trade” to send it to the Order Ticket.

Trading multi-leg positions is easier than ever!


Other Navigation

Icons = Navigation

The Action (Arrow) icon will provide different actions depending on where you are in the platform.  For example if you are in the Market or Find tab, ‘Detail‘ will provide a Quote Popup. ‘Research‘ will take you to the Dashboard – overview – of the stock. ‘Options‘ will take you to that part of the platform etc.

When in a “Trade Finder Scan” (identified by the  icon), the Action icon choices includes: ‘Analyze Position’ which will take you to the Options tables and/or ‘Trade’ which will lead you to the Order Ticket of the Brokerage Account from the menu.

The Action Icon is also found in the Journal.  Under the “Positions” tab, clicking on the icon allows you to Expand/Collapse details of the trade, Analyze or Close the trade among other choices.