Chapter III. Using OptionExpert cont`d
Contents
1. Section 4 Tracking Your Positions OptionExpert provides you with the ability to save a position and track its performance in real time A small tracking window is created for the position and OptionExpert displays this window until you request its removal Chapter Ill Tracking Your Positions 78 Note To open a tracking window for a position the position must be displayed in the Position window Tracking Window for IBM Bull Time Spread position 74 AIQ OptionExpert User Manual The Tracking Window Tracking windows show dynamically updating information for the total position for each option and for the underlying stock or index Initially only one data column is shown This column named Last displays the current profit loss for the total position the last price for the option or options that the position is composed of and the last price for the underlying instrument You can however customize the tracking window by adding additional columns of information A column can be added to display any of 38 different data items that OptionExpert provides IBM BullTime Ticker Last Summary 1837 50 Summary of total position net Profit or Loss IBM IG 3 First Option last trade price IBMJG 55 8 Second Option last trade price IBM 1291 16 Underlying stock or index last trade price I To open a tracking window j Open Position Analysis and from the Position window and select the p2. mouse click on the heading of the column you would like to remove 2 From the menu that appears select Remove Column The column will be deleted from the tracking window Viewing tracking windows When you designate a position for tracking a tracking window is created and is always available for viewing from within OptionExpert Tracking windows cannot be viewed however while the Position Analysis window is displayed When the Position Analysis window is displayed and a tracking window is active the Trackers command button on the toolbar becomes active ety Position Analysis INTC AIQ OptionExpert File View Help eh ala E ire ee sa Position Analysis button Trackers button Clicking the Trackers button minimizes the Position Analysis window and displays a blank screen on which all active tracking windows will appear While this tracking screen is displayed a command named Position is added to the OptionExpert menu bar This command opens a submenu that provides commands for editing tracked positions and for removing tracking windows Position submenu Using Position command on menu bar When you designate a position for tracking a command is added to the OptionExpert menu bar This command named Position opens a submenu that provides commands for editing tracked positions for removing tracking windows and for printing You can use the Edit function to adjust prices to reflect the actual entry price f
3. on window 3 You can now view the Economic Analysis data for the position and also display Position Graphs I To print a tracking window 1 Select the tracking window by clicking on its title bar 2 From the Position submenu select Print 3 The printed page shows the position name position data and tracking data LO Sole pet Temi EA eben Pim ba fake Typa Sp ty Sarre Teer ner Price Corea ae aa F H y DN Gap ilam ki a Le bkta Bay F ki Gi j GM Cen te 14D Cel 5 Ls a ski Krean EIE HN H Dring En ma au CF
4. or a position you have taken Edit Remove Print Print Setup Print Properties Analysis I To edit a position that you are tracking 1 Select the tracking window by clicking on its title bar 2 From the Position submenu select Edit The Edit dialog box is displayed 3 Double click on the line you wish to change in the main window of the Edit dialog box A second dialog box will appear containing the data from the selected line Change the data in any of the individual boxes by clicking an insertion point in the box and typing in new data When you have completed your changes to this line click OK The Modify Position box will close and the changes are transferred to the previous Edit Position dialog box Repeat the above procedure for any other lines that require change 4 Click OK The dialog box is closed and all changes are transferred to the Position window I To remove a tracking window 1 Select the tracking window by clicking on its title bar 2 From the Position submenu select Remove The window will be removed from your screen Chapter Ill Tracking Your Positions TI Printed tracking window 78 AIQ OptionExpert User Manual I To display the analysis of a tracked position 1 Select the position s tracking window by clicking on its title bar 2 From the Position submenu select Analysis The Position Analysis window will open and the position will be displayed in the Positi
5. osition you want to track N Click the Track command above the Position window w A small tracking window will appear on your screen The name that appears in the title bar of the tracking window begins with the underlying ticker symbol followed by a brief description of the position e g Buy Opt I To add an additional data column to a tracking window ra Right mouse click on the heading of the column next to where you want to insert the new column 2 From the menu that appears select Insert Column Show Columns dialog box Show Columns Ww N amp Yesterdays Volume The Show Columns dialog box is displayed Use the arrows on the Select columns to display window to locate the data item you want to add Then select the item with your mouse Click OK to insert the new column To change a data column in a tracking window Right mouse click on the heading of the column you would like to change From the menu that appears select Rename Column The Show Columns dialog box is displayed Use the arrows on the Select columns to display window to locate the data item you want to use to replace the current data item Then select the item with your mouse Click OK to make the change to the selected data item Chapter Ill Tracking Your Positions 79 OptionExpert Toolbar 76 AIQ OptionExpert User Manual I To remove a data column from a tracking window 1 Right
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