Custom Trade: Go directly to strategy, expiry and strikes.
Users who already have a strategy in mind can go directly to Custom Trade via the Trade Menu.
Strategies are available from Call to Iron Condor. Selecting a trade name like Debit Call Spread will pre-populate the page with the long and short strikes (expected moves strikes) and expiry (cloest to today). The user can adjust the strikes and expiry to the trade of their choosing.
While changing strikes or expiry, the new trade’s risk, reward and probability of profit will re-calcualte in real time and based on current market prices. Liquidity of the legs and greeks will be displayed when selected as well as a summary of those for the entire trade.
Upon saving, the user will see their trade on the Trade Chart, before proceeding to the Ticket.