Skip to main content
Skip to main navigation
Call TradeStation 800.808.9336
The search allows you to quickly run an option search that constructs and analyzes thousands of spread combinations in seconds, based on your underlying price and time projection. The results can be ranked by various spread characteristics such as Max Risk, Probability of Profit or Projected Profit.
You can search spreads based on your strategy or strategies – for example, selecting among individual standard spreads, bullish groups or bearish groups of spreads.
The search can be filtered by calls, puts, longs or shorts.
Search results can also be ranked by factors such as probability of profit and projected profit.
When the search is complete, the spreads can be further analyzed from the Theoretical Positions panel by pressing the Analyze button.
The versatile option chains tab allows customization of spread type, strike intervals and expiration intervals. Spreads can be traded right from the options chain panel with two simple clicks.
OptionStation Pro has about 15 different spreads from which to choose.
Option chains are configurable to display variable strike and expiration intervals. OptionStation Pro refreshes the bid/ask and all other columns in the chain as the intervals are changed.
Most panels have adjustable column layouts that you can select from scores of columns to display in the panels.
There’s no need to create a separate Excel spreadsheet to track your spread P/L since OptionStation Pro tracks Open P/L, Estimated Closing P/L, Estimated Closing Cost and more for each of your custom created spreads.
Price slices in the 2-D graph allow you to check P/L and Greek values at adjustable underlying prices. Just use your mouse and slide the price slice to the underlying price of interest.
A probability cone is located below the risk graph so it can easily be compared to the spread strike prices. The cone volatility can be specified using VIX, historical, or a trader-entered fixed volatility.
You can select from two different types of options pricing models.
From the Real Positions panel, you can track key metrics such as Estimated Closing Price, Estimated Closing P/L, Estimated Closing Cost and Open P/L for each spread.
You can create, manage and even close or roll your spreads right from the Real Positions panel.
OptionStation Pro allows you to quickly trade singles and spreads right from the option chain. Use right-click selection or Control-left click selection to open the Order Bar and send the order directly to the market.
The OptionStation Pro order bar is a versatile order placement tool that is used to open, close and roll spread positions. It also performs cancel/replace, duplicate and opposite order actions.
You can view all your orders and cancel/replace orders right from the orders tab.
You can also create, manage, close or roll spreads from the Real Positions panel.
OptionStation Pro’s customization capabilities are far reaching – from font, themes and graphs to position management, panel arrangement and pricing model selection.
You can adjust how OptionStation Pro appears on your computer screen by selecting among three dark and three lighter, more printer-friendly themes.
OptionStation Pro can be set to one of five font sizes to better suit your visual preference.
The option chain setting can be adjusted to display one of about 15 different standard spreads.
The symbol linking feature allows option symbols to be linked to other applications within TradeStation.
Most panels have adjustable column layouts that you can select from the scores of columns to display in the panels.
Settings can be easily adjusted with the side out settings panel. When you’re finished, just slide it out of the way for later use.
The 2-D graph can be set to display between one and four plots.
OptionStation Pro enables you to display or hide weekly, quarterly, non-standard and mini options from the Settings panel.
Options trading is not suitable for all investors. Please click here to view the document titled Characteristics and Risks of Standardized Options.
Call a TradeStation Specialist 800.808.9336
No offer or solicitation to buy or sell securities, securities derivative or futures products of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by any TradeStation affiliate and the information made available on this Website is not an offer or solicitation of any kind in any jurisdiction where any TradeStation affiliate is not authorized to do business, including but not limited to Japan.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Options trading is not suitable for all investors. Your account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. View the document titled Characteristics and Risks of Standardized Options. Before trading any asset class, customers must read the relevant risk disclosure statements on our Other Information page. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
TradeStation Group, Inc. Affiliates: All proprietary technology in TradeStation is owned by TradeStation Technologies, Inc. Equities, equities options, and commodity futures products and services are offered by TradeStation Securities, Inc. (Member NYSE, FINRA, CME and SIPC). TradeStation Securities, Inc.’s SIPC coverage is available only for equities and equities options accounts.
Copyright © 2001-2017 TradeStation Group, Inc.