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PreferredTrade
6.2
Option
Chain
You can request
real-time streaming options quotes displayed in a table
showing the options montage for a specific stock or filter
the options for that stock in only a class, a month or a
range of strikes. Calls are on the left, Puts are on the
Right. This table is illustrated below.
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Volume:
The volume of contracts traded during market
hours.
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cCode/pCode:
Displays the call or put OPRA code of the symbol.
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Last:
Last sale of the most recent trade performed in a
security.
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Bid:
This is the quoted bid at which an investor can
sell an option.
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Ask:
This is the quoted ask at which an investor
can buy an option.
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Symbol:
Displays the symbology that PreferredTrade uses
for that option.
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Class:
Option contracts of the same type (call or put),
style and underlying security.
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Strike:
A price at which the stock or commodity underlying
a call or put option can be purchased (call) or
sold (put) over the specified period.
Automatically
Enter Orders from Option Chain
Left-click on Bid/Ask: Left-click on a
"Ask" price to transmit a Buy limit order or left-
click on the "Bid" price to transmit a Sell limit
order. This action automatically activates the order entry
window. You then enter the number of contracts and send the
order.
Right-click on cCode/pCode:
to open a pop-up box for option orders and then "left
clicking" on the type of option order in the box that
you want to enter. This action automatically activates the
order entry window. You then enter the number of contracts
and send the order.
Option Depth
of Market NEW
Left-click on a cCode or pCode to launch the options
depth of market. The option depth of market shows each
exchange that the option trades on, along with bid, ask,
last and size for each exchange.
Automatically
Enter Orders for Option Depth of Market
Click on the "Ask Price" to transmit a Buy
limit order or click on the "Bid Price" to
transmit a Sell limit order. This action automatically
activates the order entry window to the selected
exchange. Click on the Price will use the default
quantity, adjust the number of contracts and send the
order.
Click on
the "Ask Size" to transmit a Buy limit order
or click on the "Bid Size" to transmit a Sell
limit order. This action automatically activates the
order entry window to the selected exchange. Clicking
on the Size transmits the entire size to the order
entry screen, adjust the number of contracts and send
the order.
Index Options
Quotes
You can request index options quotes displayed in a table
showing all options for a specific index or as above for
that index in only a class, a month or a range of strikes.
(Note: You do not need to enter ".X" with the
index symbol to request the options quotes here.)
Splits and
Mergers
It is the policy of Newedge USA, LLC to list the
publicly traded options of an acquired company on the
PreferredTrade options montage under the symbol of the
acquiring company. Example: JDSU acquired ETEK.
PreferredTrade options tab will list KHE options under JDSU,
the acquiring company. KHE options do not represent 100
shares of JDSU. KHE options represented 100 ETEK and now
represent number of shares of JDSU pursuant to the terms of
the merger. See http://www.cboe.com/tools/splt&mrg.htm
for contract details regarding splits and mergers. You are
responsible to know the terms of each contract you buy
and/or sell.
Note: Options involve
risk and are not suitable for all investors. Click
here for Risk Disclosure.
To obtain a copy of
the Options Disclosure Document contact us at
1-888-781-0283.
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