Customisable option chain data

04 Aug 2023


Options Trading has its advantages. Experienced investors who trade options can see amplified gains and potentially control their losses compared to investors who trade stocks.

But even though a lot of us get the basics of how options work, we usually run into a bunch of issues when it's time to actually trade, such as the trading interface of the app being too complex and not learning how to customise it to our preferences.

Don't worry, we can solve this problem

When trading options, the options list automatically shows both call and put options for different strike prices. But to make filtering more efficient, you can pick to see just call options or just put options individually.

Doing this will show only the type of option you choose (calls or puts) in the options list. This lets you focus on just the kind of options contracts you want.

If you need to show call and put options at once, you can pick the T-shaped display format instead of the default list format. In this layout, the page centres around the strike price, with call and put options symmetrically displayed on the left and right. This makes it easier to compare how call and put option prices change at different strike prices.

For instance, in a bullish strategy, you can compare how call and put option prices change at the same strike price to decide whether to buy calls or sell puts. Similarly, in a bearish strategy, compare call and put prices at the same strike price to determine whether to sell calls or buy puts.

Under the T-shaped format, you can customize the order of details like bid, ask, last price, change, and cha% (percentage change). Here's how you can arrange them as you prefer:

  1. For highly liquid instruments: If liquidity is most important, put the bid and ask prices first. These come with contract quantity, and a higher quantity means greater liquidity.

  2. For trend-focused investors: If you follow trends, put cha% (percentage change) first. Finding options with the biggest percentage change lets you quickly spot top performers.

  3. For strategy-focused investors: If you focus on strategies, consider putting the last price first. The last price is the latest buy and sell price for the option. This can help calculate costs and potential returns.

Remember, these are just general suggestions. You can adjust the order based on what you prefer and your investment strategies.

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