# Option Analytics

Option Analytics is a professional panel for options traders that allows making strong options analysis and send orders in one click.

![General view of the Option Analytics panel](https://content.gitbook.com/content/urdqk4sHwHHpr4J3s5P6/blobs/eUkLmtZy2dAGFF9624kC/general%20view%20of%20Option%20Analytics.png)

There are 3 main controls on the main toolbar

![Main toolbar](https://blobscdn.gitbook.com/v0/b/gitbook-28427.appspot.com/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-L_DEdSKXLIpNHZZB9G2%2F-L_DZbIZ74WzWEHV-Yhn%2FOption%20analytics%20main%20toolbar.png?alt=media\&token=f9caf346-0bb3-4915-9e1a-e6136a5b1a38)

**Symbol Lookup** for selecting a trading instrument that has an option series

* **Level 1 bar** provides information about current Ask/Bid/Last prices, spread and day range of selected symbol
* **Panel Appearance** allows trader to go throungt three different views of panel: ***Option desk, Analyzer*** and combination of ***Desk & Analyzer*** simultaneously.

## **Options desk** <a href="#options-desk" id="options-desk"></a>

![](https://blobscdn.gitbook.com/v0/b/gitbook-28427.appspot.com/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-LSnVXu35IQzafDlIMiZ%2F-LSngO9GHi6I7kf8btdj%2Fimage.png?alt=media\&token=75a4ba5b-56f5-4c42-bbe9-5a5fe49d34d0)

(1) - This control allows to manage simultaneously visible options series and strikes. (2) - Right click on table's header will show a context menu where trader can select visible columns. (3) - Paper column is an interactive column that used to add a paper position to porfolio, to do it - click on column's cell and set value. (4) - Right click on a row will show a strike's context menu

![](https://blobscdn.gitbook.com/v0/b/gitbook-28427.appspot.com/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-LSnVXu35IQzafDlIMiZ%2F-LSnqF2d24hFAIDZQBrD%2Fimage.png?alt=media\&token=326adf80-32f8-4952-a72a-a340caaefe9b)

(5) - Double click on Ask/Bid cells will open an Order Entry panel

## **Joint mode of Option Desk & Analyzer** <a href="#joint-mode-of-option-desk-and-analyzer" id="joint-mode-of-option-desk-and-analyzer"></a>

Add Paper positions in the options desk and the strategy analyzer will immediately show the option profile. This mode will allow you to see all changes in options desk — prices, volatility, options Greek values — and option profiles on one screen.

![Option Analytics panel offers the joint mode of Options Desk and Analyzer](https://blobscdn.gitbook.com/v0/b/gitbook-28427.appspot.com/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-L_DEdSKXLIpNHZZB9G2%2F-L_DOrnFepUuXcQTTkMk%2Fdeskanalyzer.gif?alt=media\&token=0a005a66-11b2-4924-a168-8fa06e49083d)

Option Analytics panel offers the joint mode of Options Desk and Analyzer

## **Analyzer** <a href="#analyzer" id="analyzer"></a>

Analyzer allows users to see the profile of existing portfolio. The profile illustrates a behavior of portfolio in cases of underlying instrument price change, volatility change or time decay. Also Analyzer provides a possibility to add an overlay to main chart. It can be one of Greeks: Delta, Gamma, Vega, Theta or Rho

![](https://content.gitbook.com/content/urdqk4sHwHHpr4J3s5P6/blobs/9Jx4bdylxFZ9mXaFlT99/image.png)

(1) - This controll allows to select a chart's data type. Possible options are: P/L, Delta, Gamma, Theta, Vega, Rho (2) - This controll allows to add an overlay to main chart

![Add overlays on options profile chart](https://content.gitbook.com/content/urdqk4sHwHHpr4J3s5P6/blobs/zOBdEdID4IIC3QmqpPHb/options-overlay.gif)

(3) - By clicking on this button user can apply "What if" scenarios.

![Use What-If scenario analysis to assess the impact of volatility or time decay on the position](https://content.gitbook.com/content/urdqk4sHwHHpr4J3s5P6/blobs/4YdZKTICAwIylEvylUm8/what-if-analysis.png)

Trader is able to simulate the time decay and volatility impact scenarios simultaneously or separately by setting corresponding values. Up to 5 lines can be drawn at the same moment of time. All "What if" lines are drawn in dashed style.

## **Papers, Positions, Working orders** <a href="#papers-positions-working-orders" id="papers-positions-working-orders"></a>

The bottom part of the panel contains combined table with paper positions, real positions and working orders

![](https://content.gitbook.com/content/urdqk4sHwHHpr4J3s5P6/blobs/manq3WoFnUMRTZa5SVyO/image%20\(1\).png)

&#x20;(1) - Add underlier button allows to add a paper position of underlying symbol to the list of existing positions. (2) - Hot buttons provide a possibility to make group actions with portfolio such as: place papers, cancel papers or close real existing positions. (3) - Right click on table's header will show a context menu where trader can select visible columns. (4) - By clicking on Anayse checkboxes user can include or exclude certain positions from portfolio. (5) - Place button allows to place a paper position (6) - Remove icon allows to remove a paper position


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