Option Sheet Views
Modified on 2016/07/06 08:45 by Rob Rrickson (CTS) — Categorized as: Uncategorized
Creating and managing views is located in the global properties. There are 5 preset views provided and they cannot be edited. There is also one default view that can be edited. To add the views simply click in the value area to bring up the list of views. left click on each one you want to add then click ok to add it.
Clicking on Number (#1) you will bring up the below window. This is helpful because it allows you to copy and edit a pre-set view.
When you click on the default or copied view (#2) it will bring up a menu that will allow you to add or remove the below options to your view. Once your view is created to your liking
click here
to see how to toggle and select your view on your Option Sheet.
Default
View Name:
This is name of the view.
Clear All:
Clear out everything in this view.
Select All:
Select everything for this view.
Inventory
Call & Put Net:
Show the Call and Put Inventory on the sheet.
Strike Net:
Show the Strike's Inventory on the sheet
Theoreticals
Call & Put:
Show the Call and Put Price on the sheet.
Straddle:
Show the Straddle Price on the sheet.
Electronic Options
Working Orders:
Show the working orders on the sheet on a call strike and put strike basis.
Bid/Offer Prices:
Show the bid and offer prices on sheet.
Bid/Offer Volatility:
Show the bid and offer volatility on sheet.
Bid/Offer Size:
Show the bid and offer size on sheet.
Edge:
Edge for the bid is the difference between the theoretical price and bid price.
Details:
Edge for the bid is the difference between the theoretical price and bid price.
Edge for the offer is the difference between the theoretical price and offer price.
Negative edge can be turn on or off in the Formats All Sheets tab.
Last Trade:
Show the Last Trade Price on the sheet.
Last Traded(Over/Under):
Show the last trade price over or under the theoretical price on the sheet.
Last Trade Diff(Over/Under):
Show the difference of last trade price from the theoretical price and placed over or under the theoretical price on the sheet.
Last Traded Volume:
Show the last traded volume for the option on the sheet.
Analytics
Call & Put Deltas:
Show the call and put deltas on the sheet.
Volatility:
Show the current volatility values on the sheet.
Definition
of Volatility = The measure of future's movement for 1 standard deviation.
Vega:
Show the vega values on the sheet.
Definition
of Vega = The change to the options extrinsic value (time premium) given a 1% change to volatility.
Vega Dollars:
Show the vega dollars values on the sheet.
Definition
of Vega dollars = The change to the options extrinsic value (time premium) given a 1% change to volatility
OEV:
Show the OEV values on the sheet.
Definition:
OEV = (Vega based option equivalence) Equivalent number of ATM (at the money) options based on Vega. This expresses vega in terms of number of ATM options.
Example:
If your OEV is equal to -5.8 means it is equivalent to being short 5.8 at the money options in terms of vega. Buying 5.8 atm options would flatten the vega risk.
Gamma:
Show the gamma values on the sheet.
Definition
of Gamma = The change to the delta given a chnage to the future's price.
OEG:
Show the OEG values on the sheet.
Definition:
OEG = (Gamma based option equivalence) Equivalent number of ATM (at the money) options based on Gamma. This expresses gamma in terms of number of ATM options.
Theta:
Show the theta values on the sheet.
Definition
of Theta = The change to the options extrinsic value (time premium) given a 1 day change to days to expiry.
Theta Dollars:
Show the theta dollars values on the sheet.
Definition
of Theta = The change to the options extrinsic value (time premium) given a 1 day change to days to expiry.
OET:
Show the OET values on the sheet.
Definition:
OET = (Theta based option equivalence) Equivalent number of ATM (at the money) options based on Theta. This expresses theta in terms of number of ATM options.
Slope Premium:
Amount of premium given to the slope at a given strike
Definition of Slope Premium
= Amount of premium to take out of the option to get to a flat slope.
Strike Distance %
Show the amount the underlying would need to change by to reach the strike in percentage terms.
Strike StDev DTE:
Show the standard deviation based on days to expiry for the strike.
Strike stDev:
Show the standard deviation for the strike. The standard deviation is annualized.
Settlement Information
Theo at Fut Settle:
Show the theoretical price given the futures settlement for the options on the sheet.
Vol at Fut Settle:
Show the volatility of theoretical price at the futures settlement for the options on the sheet.
Details:
Volatility at settle = (Vol at Settle) Your volatility for the option given the futures settlement.
Settle's Vol:
Show the settlement's volatility for the options on the sheet.
Details:
Settlement's volatility = (Settle's Vol) The implied volatility given the option's settlement.
Settle's Vol - Vol at Fut Settle:
Show the difference of settlement's volatility less volatility at settle for the options on the sheet.
Details:
Formatting options = located on the main window's properties under option sheets: formats.
Settlement's volatility = (Settle's Vol) The implied volatility given the option's settlement.
Volatility at settle = (Vol at Settle) Your volatility for the option given the futures settlement.
Settle - Theo at Fut Settle:
Show the difference of settlement price and the theoretical price at settlement and place under or over the theoretical price at settlement for the options on the sheet.
Settle - Theo
Show the difference between settlement less theoretical price and place the difference over or under theoretical price on the sheet.
Settlement Price:
Show the settlement price for the options on the sheet.
Market Information
Net Change:
Show the net change on the day for the options on the sheet.
Total Volume:
Show the total trade volume (TTV) for the day on the sheet.
Open Interest:
Show the open interest for the options on the sheet.
Open Interest Net Change:
Show the open interest net change for the options on the sheet.
Miscellaneous
Strike:
Shows strikes on the sheet. It can be used to separate areas of the sheet.
Second Strike:
Shows a second set of strikes on the sheet. It can be used to seperate areas of the sheet.
Separator:
Places a separator used to help identify and separate areas of the sheet.