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Strike Detail Popup: See Strike Info at a Glance

Our last blog post broke down the Strike Detail Sheet in QuikStrike. But as we mentioned in the post, there is another way to access all the information on the page. Clicking on (almost) any strike price in QuikStrike launches the Strike Detail popup:

QuikStrike Strike Detail popup

 

As you can see in the image above, the popup includes:

  • Strike Detail
    • Selected strike price is anchor strike for all trade types on the chart
    • Has the same functionality as Strike Detail Sheet minus Analysis Bar
  • Vol History
    • Volatility and Future Price of selected strike price on a specific date (going back as far as 12 months)
  • ATM Vol History
    • ATM Volatility and Future Price of ATM strike on a specific date (going back as far as 12 months)
  • Volume & OI
    • Trade Volume and Open Interest for calls and puts for selected strike price (going back as far as 12 months)
  • Vol Chart
    • Current and Settlement Vol Chart for selected expiration
  • Pricing Sheets
    • Standard Pricing Sheet and Straddle Sheet for selected expiration
  • Futures
    • Future Price vs. Time graph for the selected expiration’s underlying at a specific time
      • Some months go to underlying futures that are not the same as their expiration month
      • Trade Volume and Open Interest will be shown in the same view when selecting a history of at least 1 Week

Launch this popup from (almost) any page in QuikStrike. Don’t forget to hover over the graphs and charts in each tab of the popup to view specific information.

The Strike Detail popup allows users to access information about a particular strike price, expiration or future price without navigating from their current page. Please let us know if there is anything you would like to see us add to this popup, or any of our other popups within QuikStrike. Feel free to add a comment below, shoot us an email (info@quikstrike.net) or tweet us.

View All Common Spreads on the Strike Detail Sheet

If you’ve read the blog post about our Standard Pricing Sheet, it’s time to try out our Strike Detail Sheet. Now that you know how to find call, put and straddle prices, view Greek values associated with those positions and manipulate inputs in a theoretical pricing model, you can apply that knowledge on this more advanced page.

Select a strike price from the Strikes column on the left hand side to get started using the Strike Detail Sheet (NOTE: The page will always open with the ATM strike selected). Use this page to find information for strikes and multiple trade types, including Spreads, 1x2s, Flys, Trees and Ladders, Condors, Iron Flys and Strangles (NOTE: To learn more about the trade types on the page, visit the Trade Examples tab in the QS.EDU section of QuikStrike). You’ll notice that the strike width increases in each group of spreads as you move down the line. Look at 1x2s, for example. The 385/390 spread is one strike wide, while the 385/405 spread is four strikes wide.

Let’s look at the OZCG5 Strike Detail Sheet to help you get a better understanding of how it works:

OZCG5 Strike Detail Sheet

As you can see on the above chart, the Strike Detail Sheet has the same Analysis Bar as all other pricing sheet pages in QuikStrike. Manipulating the Future Price, Volatility (or ATM Price) and Days to Expiration (DTE) will alter the the calculations in the table. Users have the opportunity to see how a change in one of the inputs can affect the Premium Price, Delta Position and Change between the premium price and previous settlement prices for all the common spreads on the table. Don’t forget about the Mode and Direction dropdowns within the Analysis Bar. The Mode allows you to view a specific range or group of strikes, while you can toggle the Direction from Vol to Price to Price to Vol.

Now that you’re comfortable with the Analysis Bar, let’s go through an example. Analyze the information on the table if we decrease the DTE by four days:

OZCG5 Strike Detail Sheet 3

Did you notice that almost every value in the table changed? Adjusting each input will affect the values in the table in different ways.

Clicking on the strike prices in any of the spreads will launch a Trade Strategy popup that contains Greeks data, Premium information, Profit/Loss tables and an Expected Return chart. Underneath the chart, you’ll find graphs for all the Greeks. Hovering over the curve on each graph allows users to view Greek values with corresponding future prices.

The popup in the image below displays a 385/390 Call Spread (NOTE: The current values for the the spread are highlighted in pink).

385-395 Trade Strategy

It’s important to note the Risk Analysis button and the ability to save the page down to your machine as a PDF. The image below shows the Risk Analysis page which has the same Expected Return and Greeks chart on the Trade Strategy page. In addition to these larger graphs, users can evaluate the potential risks of their trade in the Future, Volatility and Time sections. In each section, you can analyze how a change in the given variable affects Profit and Loss, Time Value and all the Greek values.

QuikStrike Risk Analysis

With all the functionality that resides within the Strike Detail Sheet, it’s important to take some time to get acclimated with the page and its popups (NOTE: The Strike Detail Sheet can also be displayed as a popup by clicking any Strike Price within QuikStrike). We’re interested to hear about your experience with the Strike Detail Sheet. Get in touch with us via email at info@quikstrike.net or find us on Twitter. We appreciate you reading our blog!