# Option Analytics

Option Analytics is a professional panel for options traders that allows making strong options analysis and send orders in one click.

![General view of the Option Analytics panel](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoHSOCRY2_EQgolh%2Fgeneral-view-of-option-analytics.png?generation=1576100912452867\&alt=media)

There are 3 main controls on the main toolbar

![Main toolbar](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoHUzQMuhmOoDn8s%2Foption-analytics-main-toolbar.png?generation=1576100913574051\&alt=media)

* **Symbol Lookup** for selecting a trading instrument that has an option series
* **Level 1 bar** provides information about current Ask/Bid/Last prices, spread and day range of selected symbol
* **Panel Appearance** allows trader to go throungt three different views of panel: ***Option desk, Analyzer*** and combination of ***Desk & Analyzer*** simultaneously.

## **Options desk**

![](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoHWN2sg3vnR870n%2Fimage%20\(1\).png?generation=1576100918304822\&alt=media)

(1) - This control allows to manage simultaneously visible options series and strikes.\
(2) - Right click on table's header will show a context menu where trader can select visible columns.\
(3) - Paper column is an interactive column that used to add a paper position to porfolio, to do it - click on column's cell and set value.\
(4) - Right click on a row will show a strike's context menu

![](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoHY7bQmVcru9mce%2Fimage%20\(6\).png?generation=1576100914227745\&alt=media)

(5) - Double click on Ask/Bid cells will open an Order Entry panel

## **Joint mode of Option Desk & Analyzer**

Add Paper positions in the options desk and the strategy analyzer will immediately show the option profile. This mode will allow you to see all changes in options desk — prices, volatility, options Greek values — and option profiles on one screen.

![Option Analytics panel offers the joint mode of Options Desk and Analyzer](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoH_ado9ErFbtV-T%2Fdeskanalyzer.gif?generation=1576100912305388\&alt=media)

## **Analyzer**

Analyzer allows users to see the profile of existing portfolio. The profile illustrates a behavior of portfolio in cases of underlying instrument price change, volatility change or time decay. Also Analyzer provides a possibility to add an overlay to main chart. It can be one of Greeks: Delta, Gamma, Vega, Theta or Rho

![](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoHbbSHxnzeYiuZ5%2Fimage%20\(33\).png?generation=1576100917272137\&alt=media)

(1) - This controll allows to select a chart's data type. Possible options are: P/L, Delta, Gamma, Theta, Vega, Rho\
(2) - This controll allows to add an overlay to main chart

![Add overlays on options profile chart](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoHd8NbdSTWF4Hbs%2Foptions-overlay.gif?generation=1576100914174626\&alt=media)

(3) - By clicking on this button user can apply "What if" scenarios.

![Use What-If scenario analysis to assess the impact of volatility or time decay on the position](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoHfhsno4fBIj3-N%2Fwhat-if-analysis.png?generation=1576100917412171\&alt=media)

Trader is able to simulate the time decay and volatility impact scenarios simultaneously or separately by setting corresponding values. Up to 5 lines can be drawn at the same moment of time. All "What if" lines are drawn in dashed style.

## **Papers, Positions, Working orders**

The bottom part of the panel contains combined table with paper positions, real positions and working orders

![](https://3544171604-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LvquTYs4Kw8odYPu7JS%2F-LvqvlZAGmY-zeltmwwG%2F-LvqvoHh5EIcxZIFAv2X%2Fimage%20\(39\).png?generation=1576100913595753\&alt=media)

(1) - Add underlier button allows to add a paper position of underlying symbol to the list of existing positions.\
(2) - Hot buttons provide a possibility to make group actions with portfolio suh as: place papers, cancel papers or close real existing positions.\
(3) - Right click on table's header will show a context menu where trader can select visible columns.\
(4) - By clicking on Anayse checkboxes user can include or exclude certain positions from portfolio.\
(5) - Place button allows to place a paper position\
(6) - Remove icon allows to remove a paper position