This series of lessons will help deepen your understanding of options and discuss the many available TWS tools investors can use to analyze the market before making a trade. Each lesson focuses on a single tool or approach to a valuable concept about the options market.
Introduction to Option Tools
Accessing Option Chains in Mosaic
Using Strategy Builder in Mosaic
The Strategy Builder window can be used to monitor chains of options but can serve as an area to quickly build simple or complex combos. Build simple and complex option combos including buy Writes and Covered Calls. Select from the inbuilt list of strategies to quickly populate the embedded Order Entry panel with popular combinations.
Performance Profile for Options
IBKR Probability Lab
Use the IBKR Probability Lab to analyze the market’s probability distribution, which shows what the market believes are the chances that certain outcomes will occur. This tool can be used to locate potentially profitable trading strategies for stocks and options in the event that your view on a stock is different from that of the market. This lesson will explain how to navigate and utilize the Probability Lab.
Using the TWS Option Layout Library
Trading Option Volatility
Option Market Scanners
TWS Options Write / Rollover Tool
In this lesson we’ll discuss the TWS Write Options tool which may be used to sell calls against long stock positions and sell puts against your short stock positions. We’ll explore the Rollover Options tool to roll over options that are about to expire to a similar option with a later expiration date.