Continuous Update
If checked, the option limit price is automatically updated based on significant movement in the price of the underlying.
Hedge Aux Price
If needed, enter the auxiliary price for a delta neutral order type that requires another price field.
Hedge Order Type
Define an order type for a delta neutral trade. This will be submitted in conjunction with dynamic management of your volatility orders.
Reference Price Type
For dynamic volatility orders. Choose the average of the NBBO, or the bid or ask price to be used as the reference price.
Undrl. Range (High)
The optional low-end value of a stock range for Volatility orders. If the price of the underlying falls below this value, the order is cancelled.
Undrl. Range (Low)
The optional high-end value of a stock range for Volatility orders. If the price of the underlying rises above this value, the order is cancelled.
Volatility
Displays volatility for the option at a specific strike price.
Volatility Type
Select either Annual or Daily implied volatility calculation for VOL orders.
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Last updated on August 20, 2024