# Option Analytics

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

![](https://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-26e1c5ddb37d8e2025681e6a458b46817eaa3bab%2Foptions.png?alt=media)

To open a new Options Analytics panel, go to the ***Main menu*** (Logo icon) and select ***Options Analytics*** in the Analytics section.

![Open Options Analytics panel via Main menu](https://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-89160cd5b267ad3545f4e979166e5055302ab9cd%2Foptions-analytics-how-to-launch.png?alt=media)

### Key Elements of Options Analytics panel

![](https://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-d3771053e7b5aea7f13a30f5b44274384f13668a%2Foptionanalytics.png?alt=media)

**Underlying Asset & Account** for selecting a trading instrument that has an option series and selecting trading account (in case of multiple accounts)

**"Mode"** controls the visibility of additional panels — ***Options Desk, Options Risk Analyzer, Volatility Smile (Skew)***

**Level 1 Data** **bar** provides basic information about current Ask, Bid, Last prices, spread and day range of selected symbol

### **Options Desk**

![](https://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-1a2e62a28bd51ec8ad45d484be3a20cb07027074%2Fimage%20\(1\)%20\(1\)%20\(1\).png?alt=media)

(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

<div align="left"><img src="https://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-66f7ac047cfe899d07c0aa7e7fe0b95597d86c96%2Fimage%20(6)%20(1)%20(1).png?alt=media" alt=""></div>

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

### **Joint mode of Option Desk & Analyzer**

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://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-55da0b080e05eca4fb1f1ba58c8b623c1351b754%2Fdeskanalyzer.gif?alt=media)

### **Analyzer**

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://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-533ea89d8f35d115bf4f0a252f8fa32f02cbe90f%2Fimage%20\(33\)%20\(1\).png?alt=media)

(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://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-12b6f5ebfbb6febebdad73b0b8c4b830e127be90%2Foptions-overlay.gif?alt=media)

(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://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-4bee1fe007fbd1a362ff27a3a31d730f34bdf085%2Fwhat-if-analysis.png?alt=media)

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**

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

![](https://1574671354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQAglKSOJnxCrGxFyuplO%2Fuploads%2Fgit-blob-d2115bebac58af6229ef60718ebd91df5f1641e2%2Fimage%20\(39\)%20\(1\).png?alt=media)

(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 suh 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
