Risk Navigator Alarms

Instructions

Information on Risk Navigator Alarms have been listed below.

You can set Alarms in Risk Navigator that alert you with sound, send a pop-up message and create an order when a specified measure achieves a user-defined value. Available measures against which you can set alarms include Delta, Futures Delta, Gamma, Delta Dollars, Gamma Dollars, Vega and Theta.

Note: These are "position" values (indicated by capitalization of the first letter). You can set alarms at the position level or at the "All Underlying" level. Additionally if you access the Bond tab you can set alarms based on the bond measures including Dv01, Duration and Convexity.

To Set a Basic Alarm in Risk Navigator

  1. Right-click the contract and select Set Alarm.

    The risk navigator set alarms menu in TWS.

  2. Define the measure, select the operator, specify the value.

    The risk navigator alarms define measure in TWS.

  3. Indicate the alert method(s) and other Settings and select Set.

To Remove an Alarm

  1. Right-click the contract and select Remove Alarm.

    The risk navigator remove alarms in TWS.

Add Single Order

  1. Click Add Single Order on the Alarm page.

    The risk navigator alarms add single order in TWS.

  2. The Order Ticketwill open allowing you to define the order you want to be created when the alarm is triggered.

    The risk navigator alarm order ticket in TWS.

  3. Once the alarms triggers, the Order Ticket opens again with your defined order criteria. You can edit and/or transmit the order.

    Note: Market conditions may have changed by the time your alarm triggers; you may want to consider using a Relative order, and we recommend that you review the order parameters when the alarm triggers before you submit the order.

Set an Alarm to Create a Single Order

  1. Right-click the contract and select Set Alarm.

  2. Define the measure, select the operator, and specify the value.

  3. Click Add Single Order to open the Order Ticket.

  4. Specify the order criteria including the order type and any necessary offset values.

    We recommend that you use a Relative order as the market conditions may have changed by the time the alarm triggers.

  5. Click Create Order. The order will be created when the alarm triggers and you must manually transmit the order.

  6. Click Set to set the alarm. Click Edit or Remove to modify or delete the order.

You can set Alarms in Risk Navigator that trigger the creation of a pre-defined Option Portfolio order. You must submit the order manually.

Available measures against which you can set alarms include Delta, Futures Delta, Gamma, Delta Dollars, Gamma Dollars, Vega and Theta. Note that these are "position" values (indicated by capitalization of the first letter). You can set alarms at the position level or at the "All Underlying" level.

To Set up an Alarm

  1. Right-click the contract and select Set Alarm.

    The risk navigator set alarms menu in TWS.

To Trigger an Option Portfolio order from a Risk Navigator Alarm

  1. Right-click a contract and select Set Alarm.

  2. Define the measure, select the operator, specify the value.

  3. Click Add Option Portfolio Order to open the Option Portfolio tool.

  4. Specify the criteria and run the Option Portfolio query.

  5. Click Save Query to Alarm in Risk Navigator to have the order created when the alarm triggers.

  6. Click Set to set the alarm.

  7. When the alarm triggers, the Option Portfolio order will be displayed and you can transmit the order.

 

Additional Resources