# Option Analytics Option Analytics is a professional panel for options traders that allows making strong options analysis and send orders in one click. ![](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-M0c6MjdHnPPFSYbWd_O%2F-M0c6TivKYQ19GvTrhXJ%2Foptions.png?alt=media\&token=fb97cd71-f3ed-41bb-8cdf-aaec0bdeeed4) To open a new Options Analytics panel, go to the ***Main menu*** (Logo icon) and select ***Options Analytics*** in the Analytics section. ![Open Options Analytics panel via Main menu](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-M0c7Ad-LwFIuHbv9TJH%2F-M0c8Bjg6YwFgLq0sYUj%2FOptions%20analytics%20how%20to%20launch.png?alt=media\&token=632214a9-fd80-4b2e-bccb-fcda6f10c6c4) ### Key Elements of Options Analytics panel ![](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-M0c7Ad-LwFIuHbv9TJH%2F-M0cSqvoN3_IMptFNaKs%2FOptionAnalytics.png?alt=media\&token=5226e253-4a60-4487-b645-0090a5e4a1f4) **Underlying Asset & Account** for selecting a trading instrument that has an option series and selecting trading account (in case of multiple accounts) **"Mode"** controls the visibility of additional panels — ***Options Desk, Options Risk Analyzer, Volatility Smile (Skew)*** **Level 1 Data** **bar** provides basic information about current Ask, Bid, Last prices, spread and day range of selected symbol ### **Options Desk** ![](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-LSnVXu35IQzafDlIMiZ%2F-LSngO9GHi6I7kf8btdj%2Fimage.png?alt=media\&token=75a4ba5b-56f5-4c42-bbe9-5a5fe49d34d0) (1) - This control allows to manage simultaneously visible options series and strikes.\ (2) - Right click on table's header will show a context menu where trader can select visible columns.\ (3) - Paper column is an interactive column that used to add a paper position to porfolio, to do it - click on column's cell and set value.\ (4) - Right click on a row will show a strike's context menu
(5) - Double click on Ask/Bid cells will open an Order Entry panel ### **Joint mode of Option Desk & Analyzer** Add Paper positions in the options desk and the strategy analyzer will immediately show the option profile. This mode will allow you to see all changes in options desk — prices, volatility, options Greek values — and option profiles on one screen. ![Option Analytics panel offers the joint mode of Options Desk and Analyzer](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-L_DEdSKXLIpNHZZB9G2%2F-L_DOrnFepUuXcQTTkMk%2Fdeskanalyzer.gif?alt=media\&token=0a005a66-11b2-4924-a168-8fa06e49083d) ### **Analyzer** Analyzer allows users to see the profile of existing portfolio. The profile illustrates a behavior of portfolio in cases of underlying instrument price change, volatility change or time decay. Also Analyzer provides a possibility to add an overlay to main chart. It can be one of Greeks: Delta, Gamma, Vega, Theta or Rho ![](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-LT1aoP-ijVgOrWgOXuh%2F-LT1skSA5BqfVdjgBDDJ%2Fimage.png?alt=media\&token=d423db57-eb70-4081-9769-8a24bf98d27b) (1) - This controll allows to select a chart's data type. Possible options are: P/L, Delta, Gamma, Theta, Vega, Rho \ (2) - This controll allows to add an overlay to main chart ![Add overlays on options profile chart](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-L_DEdSKXLIpNHZZB9G2%2F-L_DP4_2Tg9QXmibySGH%2Foptions-overlay.gif?alt=media\&token=0ca9b895-3e4d-456d-a888-9f8431016c9f) (3) - By clicking on this button user can apply "What if" scenarios. ![Use What-If scenario analysis to assess the impact of volatility or time decay on the position](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-L_DEdSKXLIpNHZZB9G2%2F-L_DPEFcgHk8WxML5I2o%2Fwhat-if-analysis.png?alt=media\&token=57829b01-0a6d-4515-b093-afadde607070) Trader is able to simulate the time decay and volatility impact scenarios simultaneously or separately by setting corresponding values. Up to 5 lines can be drawn at the same moment of time. All "What if" lines are drawn in dashed style. ### **Papers, Positions, Working orders** The bottom part of the panel contains combined table with paper positions, real positions and working orders ![](https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-LSnsLMZPVzfC5JtSlK7%2F-LSntJhd5dmFyhNHXmJr%2Fimage.png?alt=media\&token=61f94281-e8dc-4718-8612-a403af3f6007) (1) - Add underlier button allows to add a paper position of underlying symbol to the list of existing positions.\ (2) - Hot buttons provide a possibility to make group actions with portfolio suh as: place papers, cancel papers or close real existing positions.\ (3) - Right click on table's header will show a context menu where trader can select visible columns.\ (4) - By clicking on Anayse checkboxes user can include or exclude certain positions from portfolio.\ (5) - Place button allows to place a paper position\ (6) - Remove icon allows to remove a paper position