Option Chains

Instructions

You can view Option Chains on the selected instrument and quickly create an order by clicking the bid or ask price for a specific contract. Follow the steps below.

  1. Click the Trade tab followed by Option Chain.

    • Alternatively, click Menu in the top left corner > Trade > Option Chain.

    Image displays the Option Chain menu in Portal.

  2. Use the search bar to find a contract or underlying symbol.

  3. To filter the options, click the Settings icon shown below.

    Image of the option chain settings for an instrument in Portal.

  4. To make a change, select any of the layout settings.

    Image of the option chain settings in Portal.

  5. Click Done.

  6. To create an order from an Option Chain:

    • Choose an expiration date using the tabs along the top of the screen. Call options will populate on the left and Put options on the right.

    • To change the view, select the View button in the top left corner. 

    • Click the Bid price (for a sell order) or the Ask price (for a buy order) for the contract you want to trade. .

    • A pop-up will appear on the right side with a summary of your trade. Click the blue Order button in the top right corner.

    • The Order Ticket panel will populate. Modify the parameters as needed.

    • Elect to Preview or Submit the order.

      Image of the order ticket in Portal.

  7. To create an option combination order from an Option Chain:

    • Choose an expiration date using the tabs along the top of the screen. Call options will populate on the left and Put options on the right.

    • To change the view, select the View button in the top left corner.

    • Click the Bid price (for a sell order) or the Ask price (for a buy order) for the contract you want to trade.

    • As you select multiple contracts, they will be added as legs to your combination.

    • Once you have selected all desired legs, a pop-up will appear on the right side with a summary of your trade. Click the blue Order button in the top right corner.

    • The Order Ticket panel will populate. Modify the order as needed.

    • Elect to Preview or Submit the order.

  8. For convenience, the order fields will be pre-filled based on the option contract for which you clicked the Bid or Ask price. Order values can be modified before you submit the order.

 

Additional Resources