Options Desk

Overview

The Options Desk is an exclusive platform designed specifically for options traders. It can be accessed directly from the homepage. To navigate to the Options Desk:

1. Click on the Products menu.
2. You will see two options: Charts and Options Desk.
3. Click on Options Desk to access its features.

The Options Desk offers a range of tools and features tailored to assist options traders in making informed decisions. Below is a detailed description of each feature available on the platform.

Features of the Options Desk

1. Options Chain

The Options Chain in the Options Desk provides a comprehensive view of the options market, with the following capabilities:

• Default View: The standard display format for quick access to essential data.
• Custom Views: Users can create personalized views to track specific options data according to their preferences.
• Preset Views: Predefined settings that can be adjusted based on the number of strikes visible.
• Trading and Alerts: Allows users to trade directly from the options chain and set alerts based on market conditions.

2. Risk

The Risk feature helps traders manage their risk by enabling them to hedge strategies using various options and futures. Key functionalities include:

• Ability to analyze profit and loss scenarios based on market movements.
• Evaluation of strategies before actual trade execution.
• Useful for managing and mitigating risk in options trading.

3. Charting

The Chart feature on the Options Desk is identical to the charting tool available in the Products section on the homepage. It includes:

• Charting capabilities for multiple asset classes.
• Access to a wide range of indicators for in-depth analysis.
• Tools for drawing and customizing charts to suit various trading strategies.

4. Analysis

The Analysis feature provides a comprehensive dashboard, offering a high-level view of crucial market parameters like OI, OI Change, and Volatility. Comparison of market data for multiple expiries is also possible, thus helping traders to make informed decisions.

5. Flow

Flow is a unique feature on the platform that combines data from both futures and options to predict market direction:

• Integrates futures and options data for comprehensive analysis.
• Assists traders in understanding the broader market trend.

6. Multistrike

The Multistrike feature is essential for selecting the right strike price in options trading:

• Monitors parameters such as Open Interest (OI) and OI Change across multiple strike prices.
• Helps traders compare various strike prices simultaneously for better decision-making.

7. Open Interest (OI)

The OI feature focuses on tracking features like Open Interest, OI Change, and Put/Call Ratio (PCR) for a range of strike prices:

• Allows traders to gauge market sentiment by analyzing OI trends.
• Provides insights into the market’s potential direction based on OI and PCR data.