SignalPlus Toolkit Tutorial—Options Trading
Last updated
Last updated
Within the "Dashboard", you will find the "Classic" module. Users can use this default module to trade perpetual futures and review your current positions and option chain of the underlying cryptocurrency at choice.
The historical orders (broken down into Regular Orders Multi-Leg Orders) part can be found when you roll down. You can also customize the dashboard from "Add a Widget" in the upper right corner depending on your needs.
Once you find your desired order, regardless of whether it's a perpetual futures order or an option order, click cell in the option chain directly and an order window will pop up.
First, you have to review the order details on top and the max selling/buying power; then, enter the desired price and quantity; next, order Greeks and order books are available for you to review; finally, press the Buy or Sell button to submit your order.
Noted that "Reduce Only" means the specific order is only intended for closing existing positions. And "Post Only" is a special order condition that your order will be posted in the order book, ensuring you will receive the maker rate.
Select "Smart Dealing" and you will be able to trade BTC/ETH options at your choice.
Furthermore, you can use our pre-built multi-leg strategies or your customized strategies to fulfill your investment needs. Simply by adjusting the details of the options you prefer and hitting "Execute All', your order will be submitted to the order book.
You can also conduct analysis for the entire strategy, such as Greeks and payoff diagram, on the same page.
More advanced features can be found here as well. When you execute a large multi-leg trade, it is a good choice to use "Balance Trade" to divide the portfolio into smaller parts, which minimizes the market impact and risk exposure. After configuring your balance trade and hitting Execute All, our algorithm will help you to submit the order in the most optimal way.
If you would like to neutralize your Delta, Gamma or Vega, you can check Delta Exchange, Gamma Neutral, and Vega Neutral respectively. Essentially, we propose using perpetual futures or adjusting the size of some of the legs to control corresponding Greeks.
Within the "Dashboard", you will also find the "Volatility" module. Users can identify different patterns and opportunities from the charts regarding volatility.
For instance, Term Structure shows you the relationship between expiration dates and IV under different strike prices. Volatility Smile plots strike prices and their corresponding IV for selected expiration dates. Volatility Surface, Volatility Cone and more graphs can be found in the widget section for your disposal.
The last default module within "Dashboard" is Risk Scenario, which helps you to simulate your PnL in seven days within selected underlying price range and IV change. Both the simulated risks and the PnL are broken down by Greeks for users to review.
You can add the "Professional" module by clicking the "+" signal within the Dashboard. This pre-built module helps you to manage different risks and PnL attribution factors in a more granular view.
The SignalPlus Live Risk/PnL widget allows users to see daily profit and loss by coin, and review risk and return by Greeks.
The detailed PnL Attribution can be found in "Add a Widget", which provides the users daily or accumulated profit for 7 days. Move the cursor over the histogram, the profit detail will be shown.
Some other advanced analytical tools give the user the ability to examine pin risk and decay in more granular ways.
Not too fond of the layout? Don't worry. You can customize the dashboard however you like. Click plus sign on the ribbon and choose "Customized".
Use "Add a Widget' to add any widgets you want to display on this page. Drag and resize the widget to your liking, so you can have all the information you need on one page.
On the top right corner of each widget, you can also group the widgets, so the coin selection will feed to all the widgets with the same group automatically. You can also choose the columns you prefer to see next to the grouping function. Other functions include duplicate, expand to full screen, and remove.
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