Hopefully easy question:
How can I set up a column in my Monitor / Activity & Postions / Position Statement section to calculate "Delta Dollars"?
Delta Dollars is simply the positon delta (which TOS does have a column for) x the underlying price of the security.
It basically gives the exposure in total dollars that you have in the option.
Here is a link to the explanation and why it matters:
https://optionstradingiq.com/why-delta-dollars-will-change-your-option-trading-forever/
You can add columns on this page/section and there are custom scripts under the available items but I can't seem to figure out how to craft the formula.
Help appreciated. Thank you!
How can I set up a column in my Monitor / Activity & Postions / Position Statement section to calculate "Delta Dollars"?
Delta Dollars is simply the positon delta (which TOS does have a column for) x the underlying price of the security.
It basically gives the exposure in total dollars that you have in the option.
Here is a link to the explanation and why it matters:
https://optionstradingiq.com/why-delta-dollars-will-change-your-option-trading-forever/
You can add columns on this page/section and there are custom scripts under the available items but I can't seem to figure out how to craft the formula.
Help appreciated. Thank you!