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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