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Here's where you have quick and easy access to the data you need to formulate the best possible options trading decisions based on your own options strategies. Start by analyzing your positions within the Position section of OptionStation's Analysis window by automatically populating them from other areas of the program. Insert a theoretical position from Position Search or from the Options section of the Analysis window using the new Insert Theoretical Position choice in the Right Mouse Button menu. |
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Added to the Insert Position menu, this new feature allows you to easily create a position based on your own market outlook and risk tolerance. Step-by-step screens walk you through the process. |
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Built-in position indicators allow you to analyze your profitability and risk for a position. But your choices are virtually unlimited because you can create your own indicators using EasyLanguage. |
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Maximum Gain and Loss will show you at a glance the maximum gain and loss you can expect from any option position. |
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Position Delta$ will display the expected change in (dollars and cents) of the position value for every 1 point increase in the price of the underlying asset. |
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Position Gamma$ shows the expected change in (dollars and cents) of the position value for every 1 point increase in the delta. |
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Position Rho $ represents t he expected change in (dollars and cents) of the position value for every 1 point increase in the interest rate. |
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Position Theta$ displays t he expected change in (dollars and cents) of the position value for every 1 day that time passes. |
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Position Vega$ shows the expected change in (dollars and cents) of the position value for every 1 point increase in the volatility. |
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These are just a few examples of the Indicators you can use to analyze your positions in depth. And, of course, you can modify these indicators or create your own using EasyLanguage, and then use them to help come up with the options strategies that best suit your own personal trading requirements. After all, trading strategies are what TradeStation is known for. And now with OptionStation included as part of TradeStation Suite 8, you can add options trading strategies to your trading mix to help you decide what orders to place. |
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Once you've analyzed all the numbers, you can place an order directly from the OptionStation Analysis window. Send a single-leg order directly from OptionStation to the Order Bar or a multi-leg spread to the Option Spread Order Bar by simply clicking on “Place Order” in the Right Mouse Button menu—it's that easy. |
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But while the numbers are an important part of your options analysis, you may also want to view your positions in a more visual format. OptionStation lets you do that, too, using Position Charts… |
