Trading from the Option Template

From Template to trade is easy.  

Simply click the “Trade” button on the Option Template and the Order Ticket will be filled in for you. This not only saves time, but eliminates order entry errors.

You can connect directly to select brokerage firms right from the platform and execute the trade.


Trading from Options Page & Strategy Templates

Structure and analyze any options position.  When ready, click “Trade” to create and submit an Order Ticket.

Comparing trades with Snap?   

Simply choose the structure you want then select “Trade” to send it to the Order Ticket.

Trading multi-leg positions is easier than ever!


Explore - Give it a try!

From finding the best stock in the best sector to following where the money is flowing to and from, Heat Maps (and Spectrum, too!) offer insight both interesting and valuable.

Drill down for bullish, bearish and stagnant opportunities.


The Power of Time

The Backtesting feature allows for an interactive way to understand the characteristic of the strategy.

You can also see it’s performance over real data without having to wait for the market.

 

Give it a try!


From Strategize to Analyze to Trade

Any strategy-specific options trade will have ‘Analyze’ and ‘Trade’ in the Action Icon.

Click ‘Analyze’ to see the trade in the options chain. From there, you can edit or click ‘Trade’ to have the trade sent to the Order Ticket of your brokerage account.

Give it a try!


Journal - Color Tagging

After Reconciling your closed trades, click “OK” to have the Journal entries updated.

Yellow tag:  There was a change in the Option position.  For example, an option was exercised before expiration – or the order was adjusted.

No tag:  There was no change and the Option expired worthless.

Green Tab:  Profitable trade

Red Tab: Losing trade

 


Working Orders Displayed on Chart

Charts display working orders and existing positions of selected brokerage accounts, currently Choice Trade and TD Ameritrade.  More brokerages will be forthcoming.

  • Stocks show a horizontal  line at the entry price.
  • Options show a horizontal  line at the strike price.
  • Green for Long and Red for Short.

The group of 4 icons, located above the Working Order,  allow you to Edit (Gear), Hide(Eye) Refresh (Circle arrows) or Remove (X).

Display choices including colors and  line width are available in settings by clicking the “Gear” Icon.


Options Chain Analysis

The Option Chain pages offers a 3-D analysis comparing expiration dates by selected criteria.

Click on “Chain Analysis” to display the graph.

Use the drop-down boxes to view the tables by Implied Volatility, Volume, Open Interest, Price, Extrinsic Value, Delta or Intrinsic Value.

Toggle the view by using the clickable legend to select the Expiration Dates to view.