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OptionTrader for Option Trading

OptionTrader is a robust trading tool that lets you view and trade options on an underlying.

option trading

OptionTrader displays market data for the underlying, allows you to create and manage options orders including combination orders, and provides the most complete view of available option chains, all in a single screen.

TWS OptionTrader offers trader the following benefits:

  • Configurable format.
  • Quick click order entry.
  • Manage options orders on a single screen.
  • Display Implied Volatility by contract.
  • Calculate fair value of option contracts.
  • View the Greek risk dimensions.
  • See open interest on option chains.
  • Color-coded values for quick glance information.
  • Access Trader Workstation's other integrated options tools with a single click, including IB Risk Navigator, Options Analytics and Model Navigator.

Combo Tab

how to trade options
The OptionTrader Combo tab offers a quick, easy and accurate way to create and transmit a multi-leg combo order in as few as three mouse clicks. The Combo tab lets Traders:
  • Monitor price variations of the underlying in the Quote panel.
  • View all available chains or filter for specific contracts. Option chains are organized by strike and expiry, with calls on the left and puts on the right.
  • Use the Statistics panel to view open interest, volatility and volume changes, and other option-related statistics.
  • Configure the data displayed by adding or removing columns for calculated model prices, implied volatilities, open interest and the Greeks.
  • Trade in terms of volatility rather than option premium prices.
  • Submit Delta Neutral trades, for which the required stock position is automatically calculated to hedge an option's delta risk.
  • Create multiple pages for different underlying securities.
  • Add "Display size" to work large orders on an iceberg basis.
option chains for options trading

Interactive Brokers Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the IIROC AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.

Know Your Advisor: View the IIROC AdvisorReport