desktop:advanced_tab

Advanced Tab

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
  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.

  • desktop/advanced_tab.txt
  • Last modified: 2025/03/19 12:09
  • by rob