Trade analysis

The Analyze tab models any trade on one underlying: shares, option legs, or both. Every search and screen in Qwidgets opens its results here.

Trade Analysis for a SPY call calendar: the target date, fill assumption, debit, amount at risk, and breakevens above a payoff chart, the forecast range slider, the modeling results, and the two legs with their Greeks.

Build the trade

The legs table at the bottom holds the trade:

  • The shares row: Buy or Sell and a quantity.
  • Each option row: Buy or Sell, a quantity, an expiration, Call or Put, and a strike. Its bid/ask and Greeks show alongside, and the Trade row totals the Greeks.
  • + Option adds a leg; the trash can removes one.

Set the assumptions

  • Date: the date the trade is valued at. Dates a leg expires are bold.
  • Fill assumption: where between the bid and the ask you expect to trade, from Taker to Maker. The midpoint is the default.
  • Forecast: drag the range under the chart, or across the chart itself, to say where you think the underlying will be.
  • Size to a budget (the icon next to At risk): enter Most I want at risk and the trade is scaled to fit.

Read the results

  • Debit or Credit, At risk, and Breakeven summarize the trade.
  • The chart shows profit and loss across prices at the date, green above zero and red below, with standard-deviation marks and your forecast range shaded.
  • Under Modeling for…, for the forecast range:
    • Lowest and Highest: the worst and best outcome inside the range.
    • Expected Value: profit or loss, weighted by probability.
    • Probability: the chance the underlying lands in the range.
    • Win in range: the chance the trade is profitable, given it lands in the range.

These come from a model with stated assumptions; see Disclosures & Model Limits.

Take it further

  • Trade opens an order ticket in your brokerage account with these legs.
  • Model in book adds the trade to an account’s book as pending changes and opens Book management.
  • Save trade keeps the trade in your saved trades, when you’re signed in.
  • The page’s address updates as you edit, so you can bookmark or share a trade.