Options Tab
This page displays information relevant to the options tab.
Last updated
This page displays information relevant to the options tab.
Last updated
The image below displays what an options chain looks like.
It gives you information regarding Option Expiry Date, No. of Days to Expiry, Monthly/Weekly Contract, Implied Volatility % and Expected Move by the expiry date.
The Earning/Dividend date will be shown under the respective expiry tab.
An ATM Strike is calculated based on the spot price of an underlying. It will be displayed as given in the image.
The Expected Move of an underlying is calculated based on the options price. The blue highlighted portion in the image displays the same.
1 SD and 2 SD can be correspondingly seen by observing the two blue dotted lines as displayed in the image below.
The user is given the option of customising six fields. Of these, two remain constant (Bid and Ask). The remaining four can be altered accordingly by clicking on the field. When you bring in modifications to one side, changes automatically reflect on the other.
The Strategy Menu gives the user a pre-defined strategy construct. The user can select a strategy from the list, i.e., choose between Long/Short and Put/Call. When a user clicks Go, that particular strategy order window will be loaded.
The user can either execute the order as it is or you can edit it from the order window and then execute it.
Click on Bid to activate the Sell order window and Ask to activate the Buy order window on both sides.
*Maximum orders allowed are 4 legs.
The user can open Option chain of two different expiries in the same window and place Calendar Orders.
The default number of visible strikes is 12. If you want to increase/decrease the number of visible strikes, click Strike and select the desired number of visible strikes from the dropdown.
Order Quantity can be changed either from the options chain order tab or the order window.
Click Bid/Ask to open your multi-leg Order Window. A user can edit all the fields in the order window, and the net premium debit/credit is automatically calculated.
When a user clicks on the refresh button (given above the order window), details like the Margin Requirement, Max P&L, Break-even Point and Greeks are displayed.
You can change the strategy name by clicking the CUSTOM option from the Strategy Name field in the order window.
Click Payoff to go to the pay-off page and analyse the risk of a specific order.
Click Clear All to clear your order window.
When a user clicks Review and Send from a multi-leg order window, an ORDER CONFIRMATION window pops up. Click SEND to send your order to the exchange, or EDIT to go back to the user window.
