Volatility Columns

Column Name

Description

 

Continuous Update

If checked, the option limit price is automatically updated based on significant movement in the price of the underlying. Also used for EFPs.

Hedge Aux Price

If needed, enter the auxiliary price for a delta neutral order type that requires another price field.

Hedge Order Type

Define an order type for a delta neutral trade. This will be submitted in conjunction with dynamic management of your volatility orders.

Reference Price Type

For dynamic volatility orders. Choose the average of the NBBO, or the bid or ask price to be used as the reference price.

Undrl. Range (High)

The optional low-end value of a stock range for Volatility orders. If the price of the underlying falls below this value, the order is cancelled.

Undrl. Range (Low)

The optional high-end value of a stock range for Volatility orders. If the price of the underlying rises above this value, the order is cancelled.

Volatility

Displays volatility for the option at a specific strike price.

Volatility Type

Select either Annual or Daily implied volatility calculation for VOL orders.