Wednesday, 13 February 2019

Option Workshop, version 19.2.1808

We have released a new version of the Option Workshop. Main changes are around the FOS (Futures Orders Stairs) feature. We've rewritten it from scratch. Documentation is not updated yet, thus, a brief description of what has changed below.

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Tuesday, 28 August 2018

Option Workshop, version 18.8.1744

New features

  • User parameters of volatility scew lines now can be marked as default to be used for all new charts
  • Application initialization speed improved
  • In the instrument tree it's now possible to see instruments, which doesn't have options
  • Option desk now after some time will be automatically scrolled to an ATM strike
  • Option desk now lets user to show 75 and 100 strikes
  • In delta hedger it's now possible to manualy set a value inside a range to which adjust the delta
  • Vertical line showing current price of an underlying asset added to the volatility scew chart
  • Now it is possible to remove all contracts from market-maker with single click
  • Now it is possible to scale number of contracts in positions, for all positions at once
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Friday, 15 June 2018

Option Workshop, version 18.6.1727

Subscription rotation

The main feature we've added in this version is an ability to “rotate” market data subscriptions. The problem which we were trying to solve is the limitation on a number of instruments, for which market data you can subscribe simultaneously. In Interactive Brokers TWS this limit is very low, only 100 instruments. CQG limit is about 400, IQ Feed - 500. You buy an extension for this limits, but it is not cheap.

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Monday, 19 February 2018

Option Workshop, version 18.2.1657

Dear Option Workshop users, our long-awaited update will be released today. We will update the documentation shortly, but until then, please take a look at the new features described in this post.

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Tuesday, 06 June 2017

Option Workshop, version 17.6.1515

In this update, we’ve added several improvements:

  • Changes in the Positions manager:

    • Copying a strategy with all fills
    • A new Mnns (moneyness) column that shows the option status: in the money, at the money, out of the money
    • A new Risks tab. Now the tab shows only the total number of underlying contracts to be settled if in the money options expire right now. In the next updates, we plan to add more useful information about strategy in this tab
  • Changes in the Charts form:

    • The ability to bind the Charts form with the active (selected) strategy in the Positions manager. The form will show a chart for the currently selected strategy in the Position manager
    • The ability to display the P&L chart taking the commission for the fills into account
  • In the Option Desk, the bid and ask cells are now highlighted if the best bid/ask price is higher/lower than the theoretical price.

  • In the new version, you can add contracts to the market maker by dragging a position or a strategy into the market maker setting form.

You can read more about these and other changes in this article.

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Tuesday, 18 April 2017

Bear Call Spread

Strategy name and alternative names

Bear Call Spread. An alternative name is Credit Call Spread.

Main characteristics

Bearish position. It is a vertical spread involving an equal number of long and short calls on the same underlying asset and with the same expiration date. It is a credit spread, which means you receive money to put on the position. The strategy profits as long as the price of the underlying security remains below the breakeven point.

Options used in the combination

Sell to open one at-the-money (ATM) call and simultaneously buy to open one out-of-the money (OTM) call. The strike price of the short call is below that of the long call. The advantage of this spread is that it benefits from time decay and provides an immediate inflow of cash. The maximum gain and loss on the spread are very limited and well defined.

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Monday, 03 April 2017

Release fix, 17.4.1457

We’ve released a small update, which includes only two bug-fixes:

  • The program sometimes hangs when user try to change position price through the Set price button;
  • The program ignores the first line of a CSV file with volatility curve.
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Thursday, 23 March 2017

Option Workshop, version 17.3.1431

We prepared a major update for Option Workshop. Many new features have been added to help our users trade efficiently.

There are two new tabs in the Positions manager:

  • Orders – contains orders that are linked to selected strategy. On this form, you can place or cancel orders, and shift orders one step up or down from the midmarket price.
  • Notes – contains text comments about the selected strategy. You can write comments on any strategy. Notes are displayed when you hover the cursor over the strategy name.

In the new version, you can change the position’s opening price, set the commission for the exchange/underlying assets/option series/futures, display the IV curves for several pricing models simultaneously, etc. We will discuss these and other features in this article.

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Friday, 03 February 2017


Strategy name and alternative names

Straddle. An alternative name is Long Straddle.

Main characteristics

Neutral position. It is a combination involving an equal number of long puts and long calls at the same strike price and the same expiration date. It is a debit combination, which means you must pay to put on the position. The strategy profits when the price of the underlying security moves up or down beyond the breakeven points.

Options used in the combination

Buy to open one at-the-money (ATM) call and simultaneously buy to open one ATM put. Both options derive from the same underlying stock and have the same strike price and expiration date. The advantage of this combination is that it benefits from volatility, independent of the direction of stock price movement. Both the put and the call have (potentially) unlimited upsides but limited loss exposure.

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