The Option Board module is a special summary table that displays real-time market data for various option contracts of a single underlying asset. It allows traders to analyse prices, compare strikes and expirations, and place trades directly from the table.
Where to find it
You can find the Option Board module in the left-hand toolbar on the website platform, under the Quotes section.
Option Board – Side Menu
Risk Warning: Options are complex financial instruments and are not suitable for all investors. Options trading carries a high degree of risk. Before engaging in options trading, it is essential to fully understand the risks and complexities involved. We recommend you read the Risk Disclosure Statement before making any investment decisions.
General overview
The Option Board is arranged as a two-sided table:
Calls on the left
Puts on the right
The strike prices are listed in the centre. Each row represents one strike at a particular expiration date. You can sort the strikes in ascending or descending order by clicking the arrow icon.
Option Board – Website Platform
Connected modules
Clicking any cell in the option chain displays the selected instrument in the Order module and on the Chart.
Order Module
Chart Module
Header
Expirations
By default, the first five expirations are displayed in the module header.
Option Board – Header
You can choose the expiration dates by pressing the Expirations button in the top-right corner of the module and opening the drop-down menu to view all expirations.
Option Board – Expirations
Greeks
When you hover over any Put or Call, the theoretical Greeks (Delta, Gamma, Theta, and Vega) are displayed in the header of the module. If you have open positions for this expiration, you can also see position Greeks (Position: Delta, Gamma, Theta, Vega).
Option Board – Greeks
Selected instrument
In the top-right corner of the module, the selected instrument name is displayed.
Instrument Name – Option Board
The coloured circle next to the name indicates the status of market data availability for your account:
Green: You have an active market data subscription. Besides, it indicates an active market session.
Yellow: You are not subscribed to the real-time market data feed.
Red: The feed is offline.
Grey: Schedule break.
Click the circle to see the subscription option.
Tip: If you previously opened an option and do not want to search for it again, select the recent option from the drop-down menu in the top-right corner of the module by clicking the name of the selected instrument.
Recent Options – Option Board
Underlying asset
At the top of the table, you can see the name of the underlying asset and its mid price. Left-click on the instrument name to open it in the Order module.
Underlying Asset – Option Board
There is also an ATM (at-the-money) line, which highlights the central strike and displays the current dynamic market price of the underlying asset.
ATM Line – Option Board
Option values
For every contract, the board shows live Bid, Ask, Last, IV%, Greeks, Open Interest, and other values.
Option Values – Option Board
Tip: You can drag and drop the columns to any place within the Call or Put section. You can also add and remove columns by clicking the gear icon in the top-right corner of the module.
Option Values – Option Board
Possible columns include Bid Size, Ask Size, Open Interest, Price to ATM%, P/L, Daily Volume, Average Price, Theor. Price, Price / Margin, IV%, and Greeks. Greeks are also divided into theoretical ones (Delta, Gamma, Vega and Theta) and positions (Pos Delta, Pos Gamma, Pos Vega, and Pos Theta).
You can also enable Price Distance to add a percentage view to the strike price, showing its distance from the current market price.
Price Distance – Option Board
Find the description of each value in the dedicated article.
How to select an option
Click the option or its underlying in the Instruments module to view the option chain.
Press the Expirations button in the top-right corner of the module and choose the expiration date from the drop-down menu.
Select a strike and press bid or ask in the Call or Put column. It will open the Order module.
Place an order.
Your trading activity appears in the Strike column.
Placing Order – Option Board
Read our comprehensive overview to understand options trading.
Orders and positions
Orders and positions are displayed directly in the Option Board table. If a trade is made for a Call option, it appears on the Call side of the board in the Strike column. If it’s a Put option, it appears on the Put side in the Strike column. Each strike may show two indicators — one for orders and one for positions. They sit next to each other, separated by a slash.
The interface uses plus (+) and minus (–) signs along with green and red colours to indicate direction. They are displayed in the table header.
Colour and sign
Green “+” stands for long positions and orders
Red “–” stands for short positions and orders
Muted grey stands for an order
Bright white stands for a position
Tooltips
Hovering over an order or position displays a tooltip with trade details, such as:
Position size
Average price
Position Delta
Context menu
Right-clicking on an order or position opens a context menu:
For an order: View details, Replace order, Cancel order, Add TP/SL
For a position: Close position
Orders and Positions – Option Board