Option Wizard
The Option Wizard allows investors to access over 30 market centers to trade options. This feature prompts the investor to answer a few questions on either the price or volatility associated with the stock and identifies some standard strategies based on the investor’s parameters. To access this, please take the steps outlined below.
Instructions
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From the left-side panel click the Quote icon.
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Click Option Wizard along the top of the Quote page.
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Select an underlying from the Financial Instruments list on the left.
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The investor can make their own calculation as to:
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The price will go up
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The price will go down
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The price will stay within a range
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The price will go up and/or down by a certain amount or percent
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Volatility will go up
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Volatility will go down
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Once you have selected your prediction, select Find Strategies.
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Choose the time horizon in which you believe this event will occur and the price at which the asset will move.
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Click Find Strategies. The Option Wizard will identify strategies that could benefit if the price of the underlying moves the same way as the investor believes.
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Once a strategy is selected, you may update the order parameters on the right-hand side and Submit.