# Options Tab

### Options Chain View

The image below displays what an options chain looks like.

![](/files/VJKugs4cVXsV1juaAFxc)

### Expiry Summary

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.

![](/files/M8WkopoSX5Jq2OvPqPWR)

### Earnings/Dividend Tags

The **Earning/Dividend** date will be shown under the respective expiry tab. 

![](/files/CJJsXogXAt9kKsVALu3k)

### At The Money (ATM) Strike

An **ATM Strike** is calculated based on the spot price of an underlying. It will be displayed as given in the image.

![](/files/NSVbnzKJJX3d3C5N4B2q)

### Expected Moves

The **Expected Move** of an underlying is calculated based on the options price. The blue highlighted portion in the image displays the same.

![](/files/WrhDbnvJXqIjdXWGJqnz)

## Open Positions-

### 1 Standard Deviation (1 SD) and 2 Standard Deviation (2 SD) Moves

**1 SD** and **2 SD** can be correspondingly seen by observing the two blue dotted lines as displayed in the image below.

![](/files/hhMQ7eYySOjLmTMy9ca5)

### Changing Fields

![](/files/kU3jNOZHo18fIT0tM5Jm)

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.

### Ordering from the Strategy Menu

![](/files/RyB2H9iEDFxuByMjSTD0)

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.

### Multi-leg Orders (Ordering from Options Chain) 

Click on **Bid** to activate the **Sell** order window and **Ask** to activate the **Buy** order window on both sides. 

![](/files/ouqLbxoRQYSXOMrfat5N)

**\***Maximum orders allowed are **4 legs**.

### Rolling Position

### Calendar Orders 

![](/files/WMBPFWXfDxURHtmwzd1i)

The user can open Option chain of two different expiries in the same window and place **Calendar Orders**. 

### Visible Strikes

![](/files/GqFXfWPhzzxyoXXMaClc)

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. 

### Changing Order Quantity

![](/files/fk17GAacPB3xO5UIrU1e)

**Order Quantity** can be changed either from the options chain order tab or the order window.

### Order **Window**

![](/files/kfzEx97YAI2Q8WXFboz7)

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.

### Order Analysis Bar

![](/files/qVfJymsLztQ5rDjRRC8Y)

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**.** 

### Strategy Name

![](/files/aV32uxGZTJV82zpE4SaK)

You can change the strategy name by clicking the **CUSTOM** option from the **Strategy Name** field in the order window.

### Pay-off Analysis

![](/files/ji47hhix7O9GZ2g5qKqP)

Click **Payoff** to go to the pay-off page and analyse the risk of a specific order.

### Clearing Orders

![](/files/mEalcCEOj6Q9e52gtMWg)

Click **Clear All** to clear your order window.

### Order Confirmation

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.

![](/files/j0m8CA6hwYeJ8THW9yOh)


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