Trade Management Tools
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 |
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.
