Lesson: 1 of 11

Introduction to Option Tools

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Duration: 2:00
Level: Intermediate
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Interactive Brokers Trader Workstation includes several option trading and analysis tools that are free of charge for our clients. This introduction will discuss the option tools that will be covered in the course.

Study Notes:

Interactive Brokers Trader Workstation includes several option trading and analysis tools that are free of charge for our clients. Each lesson will focus on a specific option tool or screen from our Layout Library. We will walk you through examples on how to use the tools using a variety of option trades and strategies to illustrate practical trading scenarios.

We’ll access Option Chains in Mosaic explore the Strategy Builder and the Layout Library’s preconfigured Option Trading Screen. We will take a deep dive into the Option Strategy Lab, Probability Lab, and the Performance Profile and show you how they can help in your analysis. We will also go into how to trade option volatility and use the Volatility Lab to assist you in researching both implied and historic volatility.

Two of the more popular option trading tools are Option Write and Rollover tools.  We will show you how to use them to manage your existing stock and option positions.

Trader Workstation also offers market scanners that allow you to search underlyings for several option related activities. A few examples are: “Top Option Implied Volatility % Gainers and Losers” and “Most Active by Option Volume”.

We will finish the option tools course with lessons on how the Risk Navigator “What-if” function can be used for options. They will show you how to Calculate Option Forward Prices for single options and option combinations and how to set alarms and alerts.

By the end of this course, you will be familiar with several of the option tools available in the Trader Workstation.


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Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.
Disclosure: Multiple Leg Strategies

Multiple leg strategies, including spreads and straddles, will incur multiple commission charges.
Disclosure: Options Trading

Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

CFA Accredited Course:

CFA Institute allows its members the ability to self-determine and self-report professional learning (PL) credits earned from external sources. CFA Institute members are encouraged to self-document such credits in their online PL tracker.

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