Differences

This shows you the differences between two versions of the page.

--- desktop:fit [2023/12/22 19:52] – created rob
+++ desktop:fit [2025/03/19 12:15] (current) – rob
@@ Line 1: / Line 1: @@
 ====== Fit ======
+{{:desktop:mm-fitem.png|}}
-Image
+====== Refresh Market Data ======
-Refresh Market Data: Click to refresh the market data.
+Click to refresh the **market data**.
-Fit Electronic: Click to fit to the electronic market.
-Fit Settles: Click to fit to the settlement.
-Adapt To Electronic: Click to adapt to the electronic market.
-Adapt To Settles: Click to adapt to the settlement.
+====== Fit Electronic ======
+Click to **fit** to the **electronic market**.
+====== Fit Settles ======
+Click to **fit** to the **settlement**.
-Electronic vs Settles
+====== Adapt To Electronic ======
+Click to **adapt** to the **electronic market**.
-Electronic = Volatility to equal mid-market price of an option. Computed using midpoint bid/offer data from each options market and midpoint bid/offer data from the underlying futures market. An implied electronic market volatility is computed for each strike price with a bid and offer (one sided markets are ignored).
+====== Adapt To Settles ======
+Click to **adapt** to the **settlement**.
-Settles = Volatility to equal the settlement price of an option. Using option settlement price in conjunction with the futures settlement price, a settlement volatility is computed for each strike price with a posted settlement.
+====== Electronic vs Settles ======
-Note: If you want to exclude Electronic or Settlement values below a certain value, refer to the “Min Ticks Fit” setting.
+**Electronic** = Volatility set to equal the **mid-market price** of an option.
+* Computed using **midpoint bid/offer data** from each options market and **midpoint bid/offer data** from the underlying **futures market**.
+* An **implied electronic market volatility** is computed for **each strike price** with a **bid and offer**.
+* **One-sided markets are ignored**.
-Fit vs Adapt
+**Settles** = Volatility set to equal the **settlement price** of an option.
+* Uses the **option settlement price** in conjunction with the **futures settlement price**.
+* A **settlement volatility** is computed for **each strike price** with a **posted settlement**.
-Fit: Take the implied volatility skew (Electronic or Settles), and completely overwrite your existing skew. This will remove any and all strikes volatilities previously configured and replace them with the implied skew.
+**Note:**
+If you want to **exclude Electronic or Settlement values** below a certain value, refer to the **“Min Ticks Fit”** setting.
-Adapt: Use the implied volatility skew (Electronic or Settles) to adjust your existing strikes volatilities. It will only adjust the volatility at each previously configured strike price to match the implied volatility skew. This will not replace, remove, or add any strikes volatilities that were not already configured.
+====== Fit vs Adapt ======
+**Fit:**
+* Takes the **implied volatility skew** (**Electronic or Settles**) and **completely overwrites** your existing skew.
+* This will **remove all previously configured strike volatilities** and **replace them** with the **implied skew**.
+**Adapt:**
+* Uses the **implied volatility skew** (**Electronic or Settles**) to **adjust existing strike volatilities**.
+* It **only adjusts** the volatility at each **previously configured strike price** to match the **implied volatility skew**.
+* It **will not replace, remove, or add** any strike volatilities that were **not already configured**.