Introduction to Option Trader

Option Trader is a separate, robust window that you open from the right-click Tools menu on a selected stock underlying. This configurable standalone screen shows market data for the underlying, lets you set up option chains based on the underlying, gives you access to your options orders, executions and portfolio information, drives the data for the Option Model Editor and Options Analytics windows, and lets you create combination Spread orders. The Greeks risk dimension values are displayed in green for each option. Use the Option Model Editor to modify the values used to calculate option prices and these risk dimensions. View the Portfolio Analytics risk analysis tool by clicking the Portfolio Analytics icon.

Open Option Trader

1. Click on a desired stock underlying on the Trading page to select the line.

2. Right click and select Tools and then select Option Trader.

The Option Trader window opens for the selected underlying. The Quote Panel shows the underlying asset. Follow steps 1-2 above to add multiple tabbed pages.

Manage your working orders from the Orders tab. You can also check the activity log and view execution reports and portfolio data.

NOTE: Market data displayed for options is not counted against the 40-market data line limit.

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