Differences

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

--- desktop:option_strategy_solver [2025/03/26 14:52] – rob
+++ desktop:option_strategy_solver [2025/04/08 17:14] (current) – rob
@@ Line 93: / Line 93: @@
-      - Flip Buys and Sells Clicking this button will flip each leg of the current strategy from a buy to a sell or vice versa. The background color of each leg indicates its side.
+      - **Flip Buys and Sells** Clicking this button will flip each leg of the current strategy from a buy to a sell or vice versa. The background color of each leg indicates its side.
-  -     Total Quantity This is the total number of spreads to be entered. Note that the leg ratio cannot be altered from this ticket, i.e. a vertical cannot be adjusted to a 1x2. To adjust the leg ratio, click cancel and make the adjustment in the Option Strategy Solver. Note that any futures legs do not change when the total quantity is changed. To adjust the futures quantity, see number 3 below.
+  -     **Total Quantity** This is the total number of spreads to be entered. Note that the leg ratio cannot be altered from this ticket, i.e. a vertical cannot be adjusted to a 1x2. To adjust the leg ratio, click cancel and make the adjustment in the Option Strategy Solver. Note that any futures legs do not change when the total quantity is changed. To adjust the futures quantity, see number 3 below.
-  -     Adjust Futures Quantity Click the up or down arrows next to the futures leg to adjust the leg quantity of the futures leg only.
+  -    ** Adjust Futures Quantity** Click the up or down arrows next to the futures leg to adjust the leg quantity of the futures leg only.
-  -     Account Selection Choose the appropriate account from the accounts in this list before submitting the pit trade.
+  -     **Account Selection** Choose the appropriate account from the accounts in this list before submitting the pit trade.
-  -     Net Dollars for Strategy The total dollar amount of the strategy, shown as either a debit (Dr) or a credit (Cr).
+  -     **Net Dollars for Strategy** The total dollar amount of the strategy, shown as either a debit (Dr) or a credit (Cr).
-  -     Price of Strategy The price of the strategy in ticks, shown as either a debit (Dr) or a credit (Cr).
+  -     **Price of Strategy** The price of the strategy in ticks, shown as either a debit (Dr) or a credit (Cr).
-  -     Leg Price The price at which each leg will be entered in the order book. These can be adjusted using the up and down arrows on either side of the price. Note that changing leg prices will change the strategy price seen in number 6 above.
+  -     **Leg Price** The price at which each leg will be entered in the order book. These can be adjusted using the up and down arrows on either side of the price. Note that changing leg prices will change the strategy price seen in number 6 above.
-  -     Leg Side Click B or S to change a particular leg to a buy or a sell, respectively.
+  -     **Leg Side** Click B or S to change a particular leg to a buy or a sell, respectively.
-  -     Submit Click submit to add the pit trade to the account inventory. Pit trades do not ever hit the exchange or the clearing firm, they are simply manual fills entered as a result of busted trades, trades done in a pit, trades filled via a desk, or any other fill that occurs outside T4.
+  -     **Submit** Click submit to add the pit trade to the account inventory. Pit trades do not ever hit the exchange or the clearing firm, they are simply manual fills entered as a result of busted trades, trades done in a pit, trades filled via a desk, or any other fill that occurs outside T4.
-  -     Cancel This will close the window without entering a pit trade.
+  -     **Cancel** This will close the window without entering a pit trade.
+====== Debit vs Credit  ======
+This is an example of how to read the Debit vs Credit.
+Looking at the below screenshot, if you sell this call spread you will collect a credit. If you buy this same call spread you will pay a debit.
+In the upper left corner of each solver you'll see a two-way arrow icon that has either a pink or blue background. If it's pink, then everything else shown will reflect what will happen if you sell the spread. For example, you would sell the 5250 Call (since it has a pink background) and buy the 5275 Call (since it has a blue background), and the trade should result in a credit (based on the Cr in the green fair value box).
+{{:desktop:red_solver.png|}}
+Similarly, if the arrow icon has a blue background, everything else will reflect what will happen if you buy the spread. The buys/sells of the legs are reversed and the credit flips to a debit (Dr).
+{{:desktop:blue_solver.png|}}