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Trading with Delta Options |
  
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Trading with Delta Options |
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Introduction
This section describes how to trade with Delta Options.
Method
| 1. | Open an Instrument window by clicking on the Windows menu item and select one of the windows that you have created. |
| 2. | Select the instrument and right-click on an instrument and see the context menu appear. |
| 3. | Click on Delta to see the Delta options window. |
| 4. | Select the appropriate Strike instrument. Orders can be submitted by clicking on any of the following quantity cells: Bid Quantity with column header Qty (B), Bid Price with header Price (B), Ask Price with header Price (A), Ask Quantity with header Qty (A). |
| 5. | Clicking on the bid quantity or bid price for a particular instrument will open a Bid dialog box and clicking on the Ask quantity or Ask Price will open an Ask dialog box. |
| 6. | The shortcuts for opening a Bid dialog box is the F2 key on your keyboard and F3 for an Ask dialog box. |
| 7. | The image below represents a bid dialog box for SEP13 ALSI Delta. |
| 8. | Select Call or Put, enter values for Qty, Strike and volatility and other relevant fields. |
| 9. | Click on submit to send the order to the exchange. |
| 10. | If the order did not immediately trade click on Swordfish menu View > Active Orders to view the orders. |
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