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

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.

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.

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

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.

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

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

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

AKA for DTE:

• Days to expiration
• Days to expiry

Risk-free interest rate.

Risk-free interest rate type.

Details:

• Continuous
• Annual
• Semi-Annual
• Quarterly
• Monthly

The cost of interest plus any additional costs. Always compounded.

The type of cost of carry rate that should be applied.

Select the method to be used for hedging. Generally, if the float rate is not zero, use iterative delta.