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desktop:option_sheet [2023/12/22 16:28] – [Option Sheet Views] robdesktop:option_sheet [2025/03/26 11:58] (current) – rob
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 The Option Sheet is the primary trading tool in T4 Options Pro. The Option Sheet is the primary trading tool in T4 Options Pro.
  
-Image+{{:desktop:sheet_toolbar.png|}}
  
   - Properties Opens the properties for the Option Sheet window. Click here for more information.   - Properties Opens the properties for the Option Sheet window. Click here for more information.
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 ====== Option Sheet Properties ====== ====== Option Sheet Properties ======
    
-Image+{{:desktop:sheet_properties.png|}} 
   - Name Click in the empty box to the right of "Name" to give this window a unique name.   - Name Click in the empty box to the right of "Name" to give this window a unique name.
   - Save as Default When clicked, the layout and settings of the current Option Sheet will be saved as default and used to create all new Option Sheets.   - Save as Default When clicked, the layout and settings of the current Option Sheet will be saved as default and used to create all new Option Sheets.
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 These properties are global and are located on your main account bar.  These properties are global and are located on your main account bar. 
-===== Headline =====+===== Option Sheet View =====
 Option Sheet Views  Option Sheet Views 
    
 Creating and managing views is located in the global properties. There are 5 preset views provided and they cannot be edited. There is also one default view that can be edited. To add the views simply click in the value area to bring up the list of views. left click on each one you want to add then click ok to add it. Creating and managing views is located in the global properties. There are 5 preset views provided and they cannot be edited. There is also one default view that can be edited. To add the views simply click in the value area to bring up the list of views. left click on each one you want to add then click ok to add it.
-Image 
  
-Image+{{:desktop:gp_add_views.png|}} 
 + 
 +{{:desktop:gp_op_edit_view.png|}} 
 Clicking on Number (#1) you will bring up the below window. This is helpful because it allows you to copy and edit a pre-set view. Clicking on Number (#1) you will bring up the below window. This is helpful because it allows you to copy and edit a pre-set view.
-Image+ 
 +{{:desktop:copy_remove_view_os.png|}} 
 When you click on the default or copied view (#2) it will bring up a menu that will allow you to add or remove the below options to your view. Once your view is created to your liking click here to see how to toggle and select your view on your Option Sheet. When you click on the default or copied view (#2) it will bring up a menu that will allow you to add or remove the below options to your view. Once your view is created to your liking click here to see how to toggle and select your view on your Option Sheet.
  
-Default+**Default**
   * View Name:This is name of the view.   * View Name:This is name of the view.
   * Clear All: Clear out everything in this view.   * Clear All: Clear out everything in this view.
   * Select All:Select everything for this view.   * Select All:Select everything for this view.
-Inventory+**Inventory**
   * Call & Put Net: Show the Call and Put Inventory on the sheet.   * Call & Put Net: Show the Call and Put Inventory on the sheet.
   * Strike Net: Show the Strike's Inventory on the sheet   * Strike Net: Show the Strike's Inventory on the sheet
-Theoreticals+**Theoreticals**
   * Call & Put: Show the Call and Put Price on the sheet.   * Call & Put: Show the Call and Put Price on the sheet.
   * Straddle: Show the Straddle Price on the sheet.   * Straddle: Show the Straddle Price on the sheet.
-Electronic Options+**Electronic Options**
   * Working Orders: Show the working orders on the sheet on a call strike and put strike basis.   * Working Orders: Show the working orders on the sheet on a call strike and put strike basis.
   * Bid/Offer Prices: Show the bid and offer prices on sheet.   * Bid/Offer Prices: Show the bid and offer prices on sheet.
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   * Last Trade Diff(Over/Under): Show the difference of last trade price from the theoretical price and placed over or under the theoretical price on the sheet.   * Last Trade Diff(Over/Under): Show the difference of last trade price from the theoretical price and placed over or under the theoretical price on the sheet.
   * Last Traded Volume: Show the last traded volume for the option on the sheet.   * Last Traded Volume: Show the last traded volume for the option on the sheet.
-Analytics+**Analytics**
   * Call & Put Deltas: Show the call and put deltas on the sheet.   * Call & Put Deltas: Show the call and put deltas on the sheet.
   * Volatility: Show the current volatility values on the sheet.   * Volatility: Show the current volatility values on the sheet.
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   * Strike StDev DTE: Show the standard deviation based on days to expiry for the strike.   * Strike StDev DTE: Show the standard deviation based on days to expiry for the strike.
   * Strike stDev: Show the standard deviation for the strike. The standard deviation is annualized.   * Strike stDev: Show the standard deviation for the strike. The standard deviation is annualized.
-Settlement Information+**Settlement Information**
   * Theo at Fut Settle: Show the theoretical price given the futures settlement for the options on the sheet.   * Theo at Fut Settle: Show the theoretical price given the futures settlement for the options on the sheet.
   * Vol at Fut Settle: Show the volatility of theoretical price at the futures settlement for the options on the sheet.   * Vol at Fut Settle: Show the volatility of theoretical price at the futures settlement for the options on the sheet.
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   * Settle - Theo Show the difference between settlement less theoretical price and place the difference over or under theoretical price on the sheet.   * Settle - Theo Show the difference between settlement less theoretical price and place the difference over or under theoretical price on the sheet.
   * Settlement Price: Show the settlement price for the options on the sheet.   * Settlement Price: Show the settlement price for the options on the sheet.
-Market Information+**Market Information**
   * Net Change: Show the net change on the day for the options on the sheet.   * Net Change: Show the net change on the day for the options on the sheet.
   * Total Volume: Show the total trade volume (TTV) for the day on the sheet.   * Total Volume: Show the total trade volume (TTV) for the day on the sheet.
   * Open Interest: Show the open interest for the options on the sheet.   * Open Interest: Show the open interest for the options on the sheet.
   * Open Interest Net Change: Show the open interest net change for the options on the sheet.   * Open Interest Net Change: Show the open interest net change for the options on the sheet.
-Miscellaneous+**Miscellaneous**
   * Strike: Shows strikes on the sheet. It can be used to separate areas of the sheet.   * Strike: Shows strikes on the sheet. It can be used to separate areas of the sheet.
   * Second Strike: Shows a second set of strikes on the sheet. It can be used to seperate areas of the sheet.   * Second Strike: Shows a second set of strikes on the sheet. It can be used to seperate areas of the sheet.
   * Separator: Places a separator used to help identify and separate areas of the sheet.   * Separator: Places a separator used to help identify and separate areas of the sheet.
  
-====== Option Sheets Formats  ======+===== Option Sheet Formats ===== 
 +  
  
  
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-Image+{{:desktop:gp_op_formats.png|}}
  
-General +**General** 
-Headers: +  * Headers: 
-Details: +   * Details: 
-Under descriptions length choose: none (hide), short, medium, or long. +    * Under descriptions length choose: none (hide), short, medium, or long. 
-Under Call/Put on left choose: placing a C for call or P for put on the left or right side of the description. +    * Under Call/Put on left choose: placing a C for call or P for put on the left or right side of the description. 
-Under Use Call/Put Character choose use a symbol to represent the C (call) and P (put). +    * Under Use Call/Put Character choose use a symbol to represent the C (call) and P (put). 
-Zoom: +  * Zoom: 
-Configure: +   * Configure: 
-Press up and down arrows to adjust. +   * Press up and down arrows to adjust. 
-Type in the zoom rate. +   * Type in the zoom rate. 
-Details: +  * Details: 
-The format for percentages are in decimal form. +   * The format for percentages are in decimal form. 
-example: .65 = 65%, 1 = 100% . +   * example: .65 = 65%, 1 = 100% . 
-zoom minimum is .60. +   * zoom minimum is .60. 
-zoom maximum is 3.00. +   * zoom maximum is 3.00. 
-Margins: The space between cell text and the border.+  * Margins: The space between cell text and the border.
  
-Disable Precision +**Disable Precision** 
-Theoretical Value: Disable the precision for the theoretical value on the option sheet.+  * Theoretical Value: Disable the precision for the theoretical value on the option sheet.
  
-Toolbars +**Toolbars** 
-Month Selection Type: Choose between a pull down or a tab strip method to change the viewable month on the option sheet. +  * Month Selection Type: Choose between a pull down or a tab strip method to change the viewable month on the option sheet. 
-Future Toolbar: Choose how to configure the the futures toolbar. +  * Future Toolbar: Choose how to configure the the futures toolbar. 
-Options Toolbar: Choose how to configure the options toolbar.+  * Options Toolbar: Choose how to configure the options toolbar.
  
-Inventory +**Inventory** 
-Call & Put: Formatting options for the call and put inventory. +  * Call & Put: Formatting options for the call and put inventory. 
-Strike Net: Formatting options for the strike net inventory.+  * Strike Net: Formatting options for the strike net inventory.
  
-Theoreticals +**Theoreticals** 
-Format Individual Months: +  * Format Individual Months: 
-CHECKED BOX:this allows each month to be formatted individually. +   * CHECKED BOX:this allows each month to be formatted individually. 
-UNCHECKED BOX:this allows all months to be formatted the same. +   * UNCHECKED BOX:this allows all months to be formatted the same. 
-Price: Formatting options for theoretical price. +  * Price: Formatting options for theoretical price. 
-Straddle: Formatting options for theoretical straddle price. +  * Straddle: Formatting options for theoretical straddle price. 
-Delta: Formatting options for theoretical delta.+  * Delta: Formatting options for theoretical delta. 
 +  *  
 +**Electronic Options** 
 +  * Working Orders: Formatting options for working orders. 
 +  * Price: Formatting options for bid and offer price. 
 +  * Volatility: Formatting options for bid and offer volatility. 
 +  * Size: Formatting options for bid and offer size. 
 +  * Edge: Formatting options for edge. 
 +   * Details: 
 +   * Definition of Negative Edge = is when the bid difference or offer difference is less than the configured Edge Level (relative to the theoretical price). 
 +   * Definition of Positive Edge = is when the bid difference or offer difference is greater than the Edge Level (relative to the theoretical price). 
 +   * Definition of Edge for Bid = is the difference between the configured Edge Level (relative to the theoretical price) and bid price. 
 +   * Definition of Edge for Offer = is the difference between the configured Edge Level (relative to the theoretical price) and offer price. 
 +   * To set the edge levels = Press the Series button , in the Volatlity tab, in the Heap Map Edge Level group. 
 +  * Show Negative Edge: Show the negative edge on the sheet. 
 +   * Details: 
 +   * CHECKED BOX = shows both negative and positive edge. 
 +   * UNCHECKED BOX = shows only positive edge. 
 +   * Definition of Negative Edge = is when the bid difference or offer difference is less than the configured Edge Level (relative to the theoretical price). 
 +   * Definition of Positive Edge = is when the bid difference or offer difference is greater than the Edge Level (relative to the theoretical price). 
 +   * Definition of Edge for Bid = is the difference between the configured Edge Level (relative to the theoretical price) and bid price. 
 +   * Definition of Edge for Offer = is the difference between the configured Edge Level (relative to the theoretical price) and offer price. 
 +  * Last Trade: Formatting options for last trade. 
 +  * Price Over or Under Theo: Formatting options for last trade price and placed over or under the theoretical price. 
 +   * Details: 
 +   * if the last trade is GREATER THAN the theoretical price = places last trade OVER the theoretical 
 +   * if the last trade is LESS THAN the theoretical price = places last trade UNDER the theoretical 
 +  * Diff Over Under Theo: Formatting options for the difference of last trade price from the theoretical price and placed over or under the theoretical price. 
 +   * Details: 
 +   * if the last trade is GREATER THAN the theoretical price = the difference between the last trade price and theoretical price is placed OVER the theoretical 
 +   * if the last trade is LESS THAN the theoretical price = the difference between the last trade price and theoretical price is placed UNDER the theoretical 
 +  * Last Trade Volume: Formatting options for last trade's volume.
  
-Electronic Options +**Analytics** 
-Working Orders: Formatting options for working orders. +  * Volatility: Formatting options for Volatility.
-Price: Formatting options for bid and offer price. +
-Volatility: Formatting options for bid and offer volatility. +
-Size: Formatting options for bid and offer size. +
-Edge: Formatting options for edge.+
 Details: Details:
-Definition of Negative Edge = is when the bid difference or offer difference is less than the configured Edge Level (relative to the theoretical price). +  * Definition of Volatility = The measure of future's movement for 1 standard deviation. 
-Definition of Positive Edge = is when the bid difference or offer difference is greater than the Edge Level (relative to the theoretical price). +  * To show on the sheet = On the properties in the Views tab. 
-Definition of Edge for Bid = is the difference between the configured Edge Level (relative to the theoretical price) and bid price. +  * Formating Options: 
-Definition of Edge for Offer = is the difference between the configured Edge Level (relative to the theoretical price) and offer price. +  * back color 
-To set the edge levels = Press the Series button , in the Volatlity tab, in the Heap Map Edge Level group. +  * font color 
-Show Negative Edge: Show the negative edge on the sheet. +  * font size 
-Details: +  * font style 
-CHECKED BOX = shows both negative and positive edge. +  * decimal places 
-UNCHECKED BOX = shows only positive edge. + * Vega: Formatting options for Vega. 
-Definition of Negative Edge = is when the bid difference or offer difference is less than the configured Edge Level (relative to the theoretical price). +  * Details: 
-Definition of Positive Edge = is when the bid difference or offer difference is greater than the Edge Level (relative to the theoretical price). +   * Definition of Vega = The change to the options extrinsic value. (time premium) given a 1% change to volatility 
-Definition of Edge for Bid = is the difference between the configured Edge Level (relative to the theoretical price) and bid price. +   * To show on the sheet = On the properties in the Views tab. 
-Definition of Edge for Offer = is the difference between the configured Edge Level (relative to the theoretical price) and offer price. +   * Formating Options: 
-Last Trade: Formatting options for last trade. +   * back color 
-Price Over or Under Theo: Formatting options for last trade price and placed over or under the theoretical price. +   * font color 
-Details: +   * font size 
-if the last trade is GREATER THAN the theoretical price = places last trade OVER the theoretical +   * font style 
-if the last trade is LESS THAN the theoretical price = places last trade UNDER the theoretical +  * OEV Formatting options for OEV. 
-Diff Over Under Theo: Formatting options for the difference of last trade price from the theoretical price and placed over or under the theoretical price. +  * Definition: 
-Details: +  * OEV = Vega based option equivalence. 
-if the last trade is GREATER THAN the theoretical price = the difference between the last trade price and theoretical price is placed OVER the theoretical +  * Equivalent number of ATM (at the money) options based on Vega. 
-if the last trade is LESS THAN the theoretical price = the difference between the last trade price and theoretical price is placed UNDER the theoretical +  * This expresses vega in terms of number of ATM options. 
-Last Trade Volume: Formatting options for last trade's volume.+  * Example: 
 +  * If your OEV is equal to -5.8 means it is equivalent to being short 5.8 at the money options in terms of vega. Buying 5.8 atm options would flatten the vega risk. 
 +  * Details: 
 +  * To show on the sheet = On the main properties in the Views . 
 +  * Formating Options: 
 +  * back color 
 +  * font color 
 +  * font size 
 +  * font style 
 +  * decimal places 
 +  * Gamma: Formatting options for Gamma. 
 +   * Details: 
 +   * Definition of Gamma = The change to the delta given a change to the future's price. 
 +   * To show on the sheet = On the properties in the Views tab. 
 +   * Formating Options: 
 +   * back color 
 +   * font color 
 +   * font size 
 +    * font style 
 +   * decimal places 
 + * OEG: Formatting options for OEG. 
 +  * Definition: 
 +  * OEG = Gamma based option equivalence. 
 +  * Equivalent number of ATM (at the money) options based on Gamma. 
 +  * This expresses gamma in terms of number of ATM options. 
 +  * Details: 
 +  * To show on the sheet = On the main properties in the Views . 
 +  * Formating Options: 
 +  * back color 
 +  * font color 
 +  * font size 
 +  * font style 
 +  * decimal places 
 + * Theta: Formatting options for Theta. 
 +  * Details: 
 +  * Definition of Theta = The change to the options extrinsic value (time premium) given a 1 day change to days to expiry. 
 +  * To show on the sheet = On the properties in the Views tab. 
 +  * Formating Options: 
 +  * back color 
 +  * font color 
 +  * font size 
 +  * font style 
 +  * OET: Formatting options for OET. 
 +  * Definition: 
 + * OET = Theta based option equivalence. 
 +  * Equivalent number of ATM (at the money) options based on Theta. 
 +  * This expresses Theta in terms of number of ATM options. 
 +  * Details: 
 +  * To show on the sheet = On the main properties in the Views . 
 +  * Formating Options: 
 +  * back color 
 +  * font color 
 +  * font size 
 +  * font style 
 +  * decimal places 
 + * Slope Premium: Formatting options for Slope Premium. 
 +  * Example: 
 +  * If slope premium is 15 means: if you added 15 ticks to the theoretical price it would be on a flat slope. 
 +  * Details: 
 +  * Definition of Slope Premium = The number of ticks that the price of the option would need to change by in order to get to a flat slope. 
 +  * Slope premium formatting options. 
 +  * back color 
 +  * font color 
 +  * font size 
 +  * font style
  
-Analytics + ** Settlement Information** 
-Volatility: Formatting options for Volatility. +  * Theo at Fut Settle: Formatting options for theoretical at future's settlement. 
-Details: +  * Theo Vol at Fut Settle: Formatting options for theoretical volatility at future's settlement. 
-Definition of Volatility = The measure of future's movement for 1 standard deviation. +   * Details: 
-To show on the sheet = On the properties in the Views tab. +   * Theoretical volatility at future's settle = (Vol at Fut Settle) Your volatility for the option given the futures settlement. 
-Formating Options: + * Settle's Vol: Formatting options for Settlement's Volatility. 
-back color +   * Details: 
-font color +    * Settlement's volatility = (Settle's Vol) The implied volatility given the option's settlement. 
-font size + * Settle's Vol-Theo Vol at Fut Settle: Formatting options for settlement volatility difference from volatility at future's settlement. 
-font style +  * Details: 
-decimal places +   * Settlement's volatility = (Settle's Vol) The implied volatility given the option's settlement. 
-Vega: Formatting options for Vega. +   * Volatility at settle = (Vol at Fut Settle) Your volatility for the option given the futures settlement. 
-Details: + * Settle Theo at Fut Settle Over: Formatting options for settlement over theoretical price at future's settlement. 
-Definition of Vega = The change to the options extrinsic value. (time premium) given a 1% change to volatility + * Settle Theo at Fut Settle Under Formatting options for settlement under theoretical price at future's settlement. 
-To show on the sheet = On the properties in the Views tab. + * Settle- Theo Over Theo: Formatting options for settlement less theoretical price and is greater than the theoretical price . 
-Formating Options: + * Settle- Theo Under Theo: Formatting options for settlement less theoretical price and is less then the theoretical price . 
-back color + * Settlement: Formatting options for settlement.
-font color +
-font size +
-font style +
-OEV Formatting options for OEV. +
-Definition: +
-OEV = Vega based option equivalence. +
-Equivalent number of ATM (at the money) options based on Vega. +
-This expresses vega in terms of number of ATM options. +
-Example: +
-If your OEV is equal to -5.8 means it is equivalent to being short 5.8 at the money options in terms of vega. Buying 5.8 atm options would flatten the vega risk. +
-Details: +
-To show on the sheet = On the main properties in the Views . +
-Formating Options: +
-back color +
-font color +
-font size +
-font style +
-decimal places +
-Gamma: Formatting options for Gamma. +
-Details: +
-Definition of Gamma = The change to the delta given a change to the future's price. +
-To show on the sheet = On the properties in the Views tab. +
-Formating Options: +
-back color +
-font color +
-font size +
-font style +
-decimal places +
-OEG: Formatting options for OEG. +
-Definition: +
-OEG = Gamma based option equivalence. +
-Equivalent number of ATM (at the money) options based on Gamma. +
-This expresses gamma in terms of number of ATM options. +
-Details: +
-To show on the sheet = On the main properties in the Views . +
-Formating Options: +
-back color +
-font color +
-font size +
-font style +
-decimal places +
-Theta: Formatting options for Theta. +
-Details: +
-Definition of Theta = The change to the options extrinsic value (time premium) given a 1 day change to days to expiry. +
-To show on the sheet = On the properties in the Views tab. +
-Formating Options: +
-back color +
-font color +
-font size +
-font style +
-OET: Formatting options for OET. +
-Definition: +
-OET = Theta based option equivalence. +
-Equivalent number of ATM (at the money) options based on Theta. +
-This expresses Theta in terms of number of ATM options. +
-Details: +
-To show on the sheet = On the main properties in the Views . +
-Formating Options: +
-back color +
-font color +
-font size +
-font style +
-decimal places +
-Slope Premium: Formatting options for Slope Premium. +
-Example: +
-If slope premium is 15 means: if you added 15 ticks to the theoretical price it would be on a flat slope. +
-Details: +
-Definition of Slope Premium = The number of ticks that the price of the option would need to change by in order to get to a flat slope. +
-Slope premium formatting options. +
-back color +
-font color +
-font size +
-font style +
- +
- +
-Settlement Information +
-Theo at Fut Settle: Formatting options for theoretical at future's settlement. +
-Theo Vol at Fut Settle: Formatting options for theoretical volatility at future's settlement. +
-Details: +
-Theoretical volatility at future's settle = (Vol at Fut Settle) Your volatility for the option given the futures settlement. +
-Settle's Vol: Formatting options for Settlement's Volatility. +
-Details: +
-Settlement's volatility = (Settle's Vol) The implied volatility given the option's settlement. +
-Settle's Vol-Theo Vol at Fut Settle: Formatting options for settlement volatility difference from volatility at future's settlement. +
-Details: +
-Settlement's volatility = (Settle's Vol) The implied volatility given the option's settlement. +
-Volatility at settle = (Vol at Fut Settle) Your volatility for the option given the futures settlement. +
-Settle Theo at Fut Settle Over: Formatting options for settlement over theoretical price at future's settlement. +
-Settle Theo at Fut Settle Under Formatting options for settlement under theoretical price at future's settlement. +
-Settle- Theo Over Theo: Formatting options for settlement less theoretical price and is greater than the theoretical price . +
-Settle- Theo Under Theo: Formatting options for settlement less theoretical price and is less then the theoretical price . +
-Settlement: Formatting options for settlement. +
- +
-Market Information +
-Net Change: Formatting options for net change. +
-Total Trade: Formatting options for total traded volume for the day . +
-Open Interest: Formatting options for open interest. +
-Open Interest Net Change: Formatting options for open interest's net change . +
- +
-Miscellaneous +
-Strike: Chooses formats for the strikes and Separator for the options. +
-Also Known As of Strike Price: +
-Exercise price +
-Strike +
-Second Strike: Chooses formats for the second set of strikes for the options. +
-Also Known As of Strike Price: +
-Exercise price +
-Strike +
-Seperator: Chooses formats for the separator for the options. +
-Details: +
-The separator is a blank line than can be used to separate parts of the sheet. +
-Also Known As of Strike Price: +
-Exercise price +
-Strike+
  
 +  **Market Information**
 +  * Net Change: Formatting options for net change.
 +  * Total Trade: Formatting options for total traded volume for the day .
 +  * Open Interest: Formatting options for open interest.
 +  * Open Interest Net Change: Formatting options for open interest's net change .
 + 
 +  **Miscellaneous**
 +  * Strike: Chooses formats for the strikes and Separator for the options.
 +   * Also Known As of Strike Price:
 +    * Exercise price
 +    * Strike
 +  * Second Strike: Chooses formats for the second set of strikes for the options.
 +   * Also Known As of Strike Price:
 +    * Exercise price
 +    * Strike
 +  * Seperator: Chooses formats for the separator for the options.
 +   * Details:
 +    * The separator is a blank line than can be used to separate parts of the sheet.
 +    * Also Known As of Strike Price:
 +    * Exercise price
 +    * Strike
 + 
  
  
  
  • desktop/option_sheet.1703262515.txt.gz
  • Last modified: 2023/12/22 16:28
  • by rob