The new Bourse 7 and Market Analyser 7 trading platforms include a comprehensive range of tools for the derivatives market.
Data is available for all ASX exchange traded options, as well as warrants traded on the ASX. If the share has derivatives available you can access these with a right click on the share code and click Options Monitor. The window shown on the right of the screen will then appear. You can also access the Derivatives from the Analytics menu at the top of the screen, which contains the Options Monitor, Warrants Monitor and the Option Valuation tool.
You can use the filters at the top of the screen to narrow down your selection to the options you are interested in. Choose from Calls or Puts by clicking on the C or P buttons. You can display both if you want to.
You can also select the expiry month from the drop down list, and you can sort the data by any of the column headings. Click on Exercise Price to display the Puts and Calls next to each other, provided you have them both selected with the filters above. Click on Volume to see the most actively traded options today or click on Open Interest to see the options with the most “interest” in them at present.
Once you find the option you are interested in you can right click on the option and click Option Valuation. This window provides more insight into the option, including the implied volatility and the Greeks. Altering any of the parameters in the right hand pane will update the Results in the left pane. You can change the volatility, underlying price and days to expiry and see the value of the option update, as well as any associated changes in the Greeks. If you want to get back to the starting point with today’s prices, click the Request button.
For those traders more interested in warrants you can display these in a similar way. Click on the Analytics Menu and then select Warrant Monitor. Type in the code of the share and click Request to display the warrants for that company. Once again you can use the filters at the top of the screen to display only the information you want to see and sort by any column to find the option you are interested in.
You can also use the Option Valuation to find out more detail about the warrant you are interested in. Right click on the warrant and click Option Valuation. This will display the data for the warrant and allow you to run What-If scenarios on the warrant, just as you can do with options.
Right click on any option or warrant in a quote window and click D2MX Chart to display the chart for that instrument. Remember that because of the low-volume nature of the options market the chart may contain very little information, so this works best on the options and warrants that are actively traded.
Enjoy using the derivative tools available in the new Bourse 7 and Market Analyser 7 trading platforms. These tools are here to assist you to make your trading decisions when trading options and warrants.