Spread Data Entry
Spread Data Entry
Spread Data Entry
From this screen you can enter your desired option spread. Understand that the program is a calculator and check with your local broker for valid option strike entries. Options are now not only weekly but extra strikes are added frequently. We figured it best to allow any entry, since the graphs are only models its best to allow any value for any situation.
Move through the spread by swiping from side to side as indicated on the first screen. The page indicator on the right has been enhanced. This shows the number of entries in the spread plus a blank if editing has begun.
Delete is to delete the option position at the current page, and will decrement the page count by 1.
Company name is the name of the company but is unused for rendering purposes.
Ticker symbol is the stock ticker but is also unused. Feel free to use the program to map futures and futures options such as emini’s and commodity contracts.
Asset type, enter the contract type here. It is worth noting when stock is chosen Expiration Days and Strike Price are removed since they have no relevance.
Strike price sets the strikes of the put and call contract in the spread.
Quantity is the number of contracts desired for the spread. Please note it might be advantageous to put in the smallest number of contracts here and use the ratio option before rendering the graph. That way the position can be adjusted to fit the desired risk reward just before rendering. Also use a negative number here for short contracts or short stock.
Expiration Days is the number of days on the option contract. Calendars are possible but understand that any value after the shortest expiration holds no relevance since the price of the spread is dependent on where the price of the stock was on the first expiration which can not be known until expiration.
Cost basis is the average price of the contracts or stock. Do not use the amount of the options or stock use the price. You can also use this to define a credit or debit with a plus or minus sign as well.
Enter options positions here