====== Advanced Tab ====== {{:desktop:mm-_advanced_tab.png|}} ====== Offset Centering of Sheet ====== Offset the centering of the sheet by a number of strikes for this month when clicking the **'Center the Sheet'** button on the option sheet window. ====== Allow Manual DTE ====== Allow the **DTE** for this month to be set manually. This overrides any other **DTE** calculation for this month. * The **back color** of the **DTE** turns **green** on the sheet. **Also Known As:** * **DTE** = Days to expiration. * **DTE** = Days to expiry. ====== Manual DTE ====== Set the **DTE** manually. ====== Upside ====== Set the amount of change for the **upside skew** to evaluate different skew risks. * **Upside Skew** = Strikes above the floated base futures price. **Example:** * Value of **0.001** **Risk Calculations:** * **Upside Skew Risk $** = The profit or loss in dollars if the skew changes by **0.001**. * **Upside Skew Risk Delta** = The change in delta if the skew changes by **0.001**. * **Upside Skew Risk Vega $** = The change in vega if the skew changes by **0.001**. ====== Downside ====== Set the amount of change for the **downside skew** to evaluate different skew risks. * **Downside Skew** = Strikes below the floated base futures price. **Example:** * Value of **0.0005** **Risk Calculations:** * **Downside Skew Risk $** = The profit or loss in dollars if the skew changes by **0.0005**. * **Downside Skew Risk Delta** = The change in delta if the skew changes by **0.0005**. * **Downside Skew Risk Vega $** = The change in vega if the skew changes by **0.0005**. ====== Heat Map Edge Method ====== Choose the method for the heat map to be applied to this month. **Configure Based On:** * **Volatility** * **Volatility by side** = Bid side in volatility and offer side in volatility. * **Ticks** * **Ticks by side** = Bid side in ticks and offer side in ticks. ====== Enable Range of Edge Levels ====== Enable (**checked**) the ability to set a **range of edge levels** for this month. * The **heat map** will use a **graduated heat map**. * If **unchecked**, a **single edge level** will be used, displaying a **single shade of color**. **Configure Options:** * **Set single edge level** = Displays a single shade of color. * **Set range of edge levels** = Uses **graduated shades** of a color for the heat map. **Details:** * **Definition of graduated shades:** * Creates a different shade of the **background color** based on the **edge's value** in the **edge's range**. * The **lowest shade** indicates the starting edge level has been violated. * The **highest shade** indicates the edge level has been violated. ====== Ticks Edge Start Level ====== Set the number of **ticks edge** desired for this month’s heat map to start displaying the **lowest graduated shade** of a color. **Example:** * **Ticks Edge Level = -2** * If the **difference** between the **bid or offer price** and the **theoretical price** in ticks is **≥ -2**, the heat map will display the **lowest graduated shade**. * If the edge is **less than -2**, the heat map is **not applied**. **Details:** * **Formatting options** are located in the **main window’s properties** under **option sheets: formats**. **Also Known As:** * **Vol** = Volatility. ====== Ticks Edge Level ====== Set the **edge level** in number of **ticks**. * Define the **number of ticks of edge desired**. * If the edge is **violated**, the heat map will be **fully displayed** for this month. **Example for Bid Ticks Edge Level:** * **Ticks Edge Level = 1** - If the **difference** between the **bid or offer price** and **theoretical price** in ticks is **≥ 1**, the heat map will display the **highest graduated shade**. **Details:** * **Formatting options** are located in the **main window’s properties** under **option sheets: formats**. **Also Known As:** * **Vol** = Volatility. ====== View Only ====== Defines whether this month is **view only** or **click tradable**. ====== Enable This Month's Default Quantities ====== Use **click trading quantities** associated with **this month** instead of the **global quantities**. * **Global click trading settings** are found in the **main window’s properties button** under **click trading**. ====== Options ====== **This Month's Options Default Quantity** * **Global click trading settings** are found in the **main window’s properties button** under **click trading**. ====== Futures ====== **This Month's Futures Default Quantity** * **Global click trading settings** are found in the **main window’s properties button** under **click trading**. ====== Enable This Month's Price Prompt Levels ====== Set the **number of visible price levels** for the **price prompt** for this month instead of the **global number of levels**. * **Global click trading settings** are found in the **main window’s properties button** under **click trading**. ====== Options ====== **This Month's Options Price Levels** * Defines the **number of visible price levels** for **options price prompt order entry**. * **Global click trading settings** are found in the **main window’s properties button** under **click trading**. ====== Futures ====== **This Month's Futures Price Levels** * Defines the **number of visible price levels** for **futures price prompt order entry**. * **Global click trading settings** are found in the **main window’s properties button** under **click trading**.