Options Electronic Eye

This reference describes the settings available for the Options Electronic Eye widget and the fields you can use to create filters.

Display settings

  • Show tabs: Check to show tabs at the bottom of the widget. Uncheck to hide tabs.
  • Set Options Electronic Eye columns: Select the columns you want shown in the Options Electronic Eye.

Options Electronic Eye column descriptions

Column Description
Instrument Options instrument
C/P

Whether the instrument is a call or put option.

Strike

Shows the underlying Futures contract price at which a holder can exercise their option to buy or sell the contract. The strike column reflects the range of the day by shading the strike. The high / low line indicators as seen on MD Trader® are displayed in the strike column relative to their position.

DTE

Number of days until the option expires.

Expiration Type

Type of expiration (e.g. monthly, weekly) associated with the options instrument.

UndPx

Price of the underlying instrument.

BidQty

The total quantity working at the bid.

Bid

The best market bid price. Click the value open an order ticket.

Sell Edge

Difference between the best bid and the theoretical value.

TV The theoretical value of an option calculated using the Barone-Adesi and Whaley price model with volatility as an input.
ATM Vol

At-the-market volatility.

Buy Edge

Difference between the best ask and the theoretical value.

Ask

The best market ask price.

AskQty

The total quantity working at the ask.

UV

User volatility values that are used for calculating theoretical call and put values. These user-defined vols are entered using the Vol Curve Manager, which fits the curve to the control points on the volatility curve. The user volatility values are a result of the fitting process.

Delta calculated using the user-defined volatility.

IV

Implied volatility value. Implied volatilities are calculated using the midpoint of bid and ask prices.

The delta calculated with the auto-fit volatility curve values provided by TT.

SV

Settlement volatility value, which indicates volatility calculated per strike using settlement prices.

Delta calculated using the settlement volatility.

Filter field descriptions

When creating filters, you can use the following fields in a rule.

Field Description
Active Delta Call delta calculated using the active volatility curve in the Vol Curve Manager widget.
Active Gamma Change in delta per change in the underlying, calculated using the active volatility curve in the Vol Curve Manager widget.
Active Rho Change in options value per change in interest rate, calculated using the active volatility curve in the Vol Curve Manager widget.
Active Theta Change in options value per change in time, calculated using the active volatility curve in the Vol Curve Manager widget. Also known as time decay.
Active TV Theoretical value of an option calculated using the Barone-Adesi and Whaley price model with the active volatility curve in the Vol Curve Manager widget as an input.
Active Vega cChange in options value per change in volatility, calculated using the active volatility curve in the Vol Curve Manager widget.
Active Vol TT-calculated theoretical value based on the active volatility curve values in the Vol Curve Manager widget.
Ask Implied Delta
Ask Implied Gamma
Ask Implied Rho
Ask Implied Theta
Ask Implied TV
Ask Implied Vega Change in the price of the Call or Put Option for every 1% change in the volatility of the underlying Futures contract calculated using the implied Ask prices.
Ask Implied Vol
Atm Vol
Bid Implied Delta
Bid Implied Gamma
Bid Implied Rho
Bid Implied Theta
Bid Implied TV
Bid Implied Vega Change in the price of the Call or Put Option for every 1% change in the volatility of the underlying Futures contract calculated using the implied Bid prices.
Bid Implied Vol
Buy Edge
DTE Number of days until the options instrument expires
Expiration Type Type of expiration, such as monthly or weekly
Market Ask Px
Market Ask Qty
Market Bid Px
Market Bid Qty
Mid Implied Delta
Mid Implied Gamma
Mid Implied Rho
Mid Implied Theta
Mid Implied TV
Mid Implied Vega Change in the price of the Call or Put Option for every 1% change in the volatility of the underlying Futures contract calculated using the midpoint of the implied Bid and Ask prices.
Mid Implied Vol
Put/Call Whether the instrument is a put or call option.
Sell Edge
Settlement Delta
Settlement Gamma
Settlement Rho
Settlement Theta
Settlement TV
Settlement Vega Change in the price of the Call or Put Option for every 1% change in the volatility of the underlying Futures contract calculated using the settlement prices.
Settlement Vol Settlement volatility value, which indicates volatility calculated per strike using settlement prices.
Std. Dev
Strike Strike price for the options instrument
TT Delta
TT Gamma
TT Rho
TT Theta
TT TV
TT Vega
TT Vol
Underlying Ask Px Best ask price of the underlying instrument
Underlying Bid Px Best bid price of the underlying instrument
Underlying Px