Help OnLine | Options Strategy – Edit Underlying / Options
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Options Strategy – Edit Underlying / Options

The Edit window is designed according to the asset to be edited. If you edit an underlying or future the window is called Edit Underlying, if you edit an option the window is called Edit Option.
All changes that will be made in Edit Underlying and Edit Option will be saved ONLY for the current strategy. If you want the changes to be saved permanently, the changes must be made in Symbol Manager .

 

Edit Underlying

 

  • Name: name of the tool that is displayed in the strategy;

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  • Color: color identifying the instrument on the payoff;

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  • Symbol Type: type of instrument (not editable);

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  • Expiry Date: expiration date of the instrument (if available);

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  • Mode: enabled only for futures, choose whether the futures should be considered in the calculations and in the payoff as a stock or as a future. For simplicity of understanding we recommend considering it as a stock;

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  • Sector: sector to which the underlying belongs.

 

Note: The graphic representation of a future is not a ray because its value changes even over time. It is therefore a curve, very little accentuated but still a curve. This feature means that in the payoff representations combined with the options these have curvilinear forms and that the max risk and max gain calculations correspond to the actual form of the future. To avoid having difficult to understand payoffs they are drawn considering the future designed as if it were a stock, leaving the possibility for the user to select any redesign in future ways.

 

  • Edit Prices: enables the modification of the underlying prices;

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  • Bid: impute the asset’s Bid value;

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  • Ask: impute the value Ask of the asset;

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  • Last: enter the value Last of the asset;

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  • Profit / Loss Price: price of the asset on which Profit / Loss is calculated.

 

  • Point Value: value of each point of variation of the asset;

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  • Lot Size: value indicating how many underlyings are included in an asset contract;

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  • ETF Ratio: value modifiable only for ETF assets – Index Hedge. Value of the relationship between the ETF and the corresponding index;

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  • Historical Volatility: value of the historical volatility of the asset;

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  • Risk-Free Rate: set the current value of the Risk-Free Rate, by default 0.1;

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  • Customize Symbol: button that launches the Symbol Selection window to change the link symbol of the asset to the broker;

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  • Dividends: button that allows the insertion of dividends for the asset, in this way the correct moneyness will be calculated in the strategy .

Edit Options

 

  • Name: name of the option that appears in the strategy;

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  • Color: color identifying the option on the payoff;

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  • Underlying: option underlying;

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  • Class: class of the option, this parameter changes ONLY the calculation of the theoretical price, the modification of this parameter slows down the performance being the calculation much more complex;

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  • Type: Call or Put;

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  • Theoric Calculation Method: theoretical calculation method, this parameter changes ONLY the calculation of the theoretical price, the modification of this parameter slows down the performance being the calculation much more complex;

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  • Future Option: check if the option is an option on futures (Euro Bund for example);

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  • Strike: option strike;

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  • Expiry Date: option expiration date.

 

  • Edit Prices: enables the modification of the underlying prices;

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  • Bid: impute the asset’s Bid value;

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  • Ask: impute the value Ask of the asset;

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  • Last: enter the value Last of the asset;

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  • Profit / Loss Price: price of the asset on which Profit / Loss is calculated.

 

  • Implied Volatility: value of the implied volatility of the asset;

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  • Risk-Free Rate: set the current value of the Risk-Free Rate, by default 0.1;

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  • Point Value: value of each point of variation of the asset;

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  • Lot Size: value indicating how many underlyings are included with an asset contract;

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  • ON Hedging Threshold: for hedging, this value identifies the price of the underlying which is the hedging threshold for the option;

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  • OFF Hedging Threshold: for hedging, this value identifies the price of the underlying which is the hedging threshold for the option;