Option Strategy
1. Option Strategy View
In the Option Strategy View, each component of an option strategy will be listed under the respective strategy.
Once you turn on the Option Strategy View, your P/L will be calculated based on the terms of the entire strategy.
Example
Say you hold a covered call on stock XYZ, the current price, cost per share, and P/L for the covered call position will be displayed as follows:
Symbol | Quantity | Current Price | Cost Per Share | P/L |
Covered Stock | 1 | 11 | 8 | 300 |
XYZ | 100 | 14 | 10 | 400 |
XYZ CALL 20 | -1 | 3 | 2 | -100 |
Then you continue to establish a vertical spread on stock XYZ by selling one XYZ call 20 at $4 and buying one XYZ CALL 16 at $4.5, and your covered call position and vertical spread position will be displayed separately as follows:
Symbol | Quantity | Current Price | Cost Per Share | P/L |
Covered Stock | 1 | 10 | 7 | 300 |
XYZ | 100 | 15 | 10 | 500 |
XYZ CALL 20 | -1 | 5 | 3 | -200 |
Vertical | 1 | 2 | 1.5 | 50 |
XYZ CALL 16 | 1 | 7 | 4.5 | 250 |
XYZ CALL 20 | -1 | 5 | 3 | -200 |
2. How to turn off the Option Strategy View
The Option Strategy View is turned on by default. To turn off the Option Strategy View, please go to:
Me > Settings > Accounts Page & Position > Show Option Strategy View.
