GENERAL
HOW IT WORKS
Tools
Trade Management Tools
Use insights from the options market to help manage your trade.
To view your positions, select the positions page from the main menu.
Click on a card to view your position in detail.
See below example:
Example Position Page
In this example you can see that the call spread is profitable and is close to expiring. The metrics on the page are defined as follows:
Label
Description
Original
Your original trade entry price and total cost
Current
Current trade price and total value
Change
Profit or loss from entry and % change
Prob of Profit
The probability assigned by current option prices of the trade breaking-even (stock level in parentheses)
Prob of Max Gain:
The probability assigned by current option prices of the trade making its maximum profit (stock level in parentheses)
Prob of Max Loss
The probability assigned by current option prices of the trade making its maximum profit (stock level in parentheses)
If Stock Expired Here:
The intrinsic value of the position.
Next Event:
The next major corporate action event in calendar for that stock
Using the Expected Move
The current expected move is overlayed on your position. This can help guide you, as it indicates how the options market is now pricing the future of that stock.
In the example above, the bearish expected move line indicates that prevailing option prices anticipate that the stock will remain above the break-even price, implying a reduced likelihood of max loss low (but of course still possible). Using probability of profit and the expected move can help cut through the noise and focus on the math.
Last modified 1yr ago
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Contents
Using the Expected Move