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:
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 can serve as a useful gut-check for your next move.
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).
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