desktop:model_tab [WIKI]

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====== Model Tab ======

{{:desktop:mm-modeltab.png|}}

====== Live Price Type ======
The live future's price that will be fed into the model to determine the theoretical values. This setting is shared by all option contracts of the same underlying contract.

**Details:**  
Choose from:  
  * **Mid** = Midpoint of the bid and offer.  
  * **Bid**  
  * **Offer**  
  * **Settlement**  
  * **Last**  
  * **Last within Bid/Offer Market**  

====== Model Type ======
The type of options model being used to calculate theoreticals.  

**Details:**  
Choose from:  
  * **Binomial**  
  * **Black Scholes**  
  * **Whaley**  

**Comments:**  
  * **Binomial**: Configure Steps and choose between American or European.  

====== Adjust DTE ======
Adjusts DTE for the selected series. Add or subtract time manually for all months for this series.  

**Details:**  
Adjust the number of DTE in order to increase or decrease the DTE.  
  * **Positive** = Increases DTE.  
  * **Negative** = Reduces DTE.  

====== DTE Display ======
If there is an adjustment to the DTE, it will be followed by the amount of the adjustment in parenthesis.  

====== Option Sheets ======
The background color of the DTE turns **green**.  

**Comments:**  
  * There is a global adjust DTE in the main window: This will change all adjust DTE simultaneously.  
  * A possible use is to take the weekend out earlier.  

**Also Known As:**  
  * **DTE** = Days to expiration.  
  * **DTE** = Days to expiry.  
  * **Increases DTE** = Adding time.  
  * **Reduces DTE** = Subtracting time.  

====== Expiry Date Type ======
**Details:**  
  * **Last Trade Date** = DTE is **0** on the last day of trading.  
  * **Settlement Date** = DTE is **1** on the last day of trading.  

**AKA for DTE:**  
  * Days to expiration  
  * Days to expiry  

====== DTE Calculation Type ======
Select how the DTE are to be calculated.  

**Details:**  
  * **Calendar** = Count every day from today until expiration, which includes weekends. This is also known as a **7-day week**.  
  * **Week Days Only** = Count every weekday between now and expiration, which excludes Saturday and Sunday. This is also known as a **5-day week**.  

**AKA for DTE:**  
  * Days to expiration  
  * Days to expiry  

====== DTE Rate ======
Select the rate at which time is to be taken out.  

**AKA for DTE:**  
  * Days to expiration  
  * Days to expiry  

====== Interest Rate ======
Risk-free interest rate.  

====== Interest Rate Type ======
Risk-free interest rate type.  

**Details:**  
  * **Continuous**  
  * **Annual**  
  * **Semi-Annual**  
  * **Quarterly**  
  * **Monthly**  

====== Cost of Carry ======
The cost of interest plus any additional costs. Always compounded.  

====== Cost of Carry Rate Type ======
The type of cost of carry rate that should be applied.  

====== Hedge Method (Delta) ======
Select the method to be used for hedging. Generally, if the float rate is not zero, use **iterative delta**.