Working with the Table Pane

Trades Table

The Trades table is made up of rows of trades. The number of rows depends on the strategy selected. The rules of the strategy dictate which cells on this table can be edited.

Column	Description
Symbol	Enter any valid options commodity. Usually only the commodity symbol must be entered. Based on this entry, the system automatically fills in the series information, generally selecting the near-term, at-the-money series. Change by typing a new symbol in the field.
Long/Short	A strategy rule dictates this setting. Change by using the drop-down menu.
Qty	The Quantity defaults to 1 contract, or the lowest appropriate ratio numbers for ratio spreads. However, you can change this number. When the quantity for one trade in a multi-trade strategy is changed, the quantities for the other trades change proportionately. Change by typing a new value in the field.
Exp Month	When an option has been entered, either by a user or by the system, the trade type (Call or Put) appears in the Type box. Additionally, the Exp Month box contains a drop-down list of available expiration months. When the Type is Underlying, this box is disabled. Change by using the drop-down menu.
Strike	The Strike box lists the strikes for the selected expiration month. When you select a different expiration month, the available strikes and the default strike change, based on the price of the underlying futures contract. Strategy View uses the at-the-money strike as the default strike, unless a strategy rule for the selected strategy imposes other requirements. In some cases, the available strike list is shortened, based on the contents of another Strike box. Example: For instance, in a butterfly call strategy, the strike price of trade 2 is greater than the strike price of trade 1. In this case, CQG shows only the strikes for trade 2, which are greater than those for trade 1. Similar to the Exp Month box, Strategy View displays a strike price only for options trades. Change by using the drop-down menu.
Call/Put/Under	A strategy rule dictates this setting. Change by using the drop-down menu.
Entry	Type a new price or use the default. Right-click the field to open this window: Select one of six prices from the list. Bid/Ask averages are shown only when they can be calculated, but the system always displays theoretical value and last trade or settlement price. Changing the values in the Underlying, Volatility, DTE or Int Rate boxes results in a new theoretical value. Click the Set Defaults button to choose default values. For UDS Entry price is calculated as the weighted sum of the strategy legs unless strategy is already registered by an exchange. Example: Butterfly Call, Long for EPM4 Leg quantities: 1, 2, 1 Leg entry prices: 4050, 3875, 3475 UDS entry price: (4050 - 2*3875 + 3475) / 100 = -2.25 (100 is price scale for EP)
Comm	You can systematically track the commissions paid by entering the amount of the commissions in the table under the Comm column. Change by typing a new value in the field.
Last	Last price. For UDS Last available synthetic best bid or best ask for the strategy calculated in the same way they are calculated for synthetic spread strategies, unless the strategy is already registered by an exchange.
DTE	Number of days from now until expiration. The DTE for the strategy equal the DTE for the first expiring contract.
Full Symbol	Names strategy and lists symbols for trades.

Customizing Columns

With the exception of the Trades table, the column display of each of the tables in this pane can be customized. Click the Setup button, then click Customize <table> Columns.

Column Name	Description
B-E Point At Exp	Underlying value necessary to reach the breakeven point at expiration, i.e. Where expiration value curve crosses zero.
B-E Point Cur Val	Underlying value currently necessary to break even, that is, where the theoretical value curve crosses zero.
Bid Ask Time	Time for the most recent bid or ask
Credit/Debit	Indicates the total amount received or (paid) before commissions.
Delta	Change in price with respect to change in the underlying.
Expiration Date	Lowest strike for the strategy.
Full Symbol	Complete symbol for each leg of the strategy.
Gamma	Change in the delta with respect to a change in the price.
Implied Underlying Price	Implied underlying price uses options data to predict what the market value of the underlying should be. The position summary line provides a weighted average of IU for the entire strategy. The same weighted averaging method is also used for Implied Volatility (IV) calculations.
Implied Volatility	Implied volatility for the option contract.
Interest Rate	User-selected interest rate. (From the Setup menu)
Last Ask	Most recent offer.
Last Bid	Most recent bid.
Last Trade	Value for the last trade.
Last Trade Change	Change in price since the prior close.
Last Trade Elapse	Time elapsed since the last trade.
Last Trade Time	Time of day for the (CT).
Max Gain	Indicates the maximum gain for each leg of the strategy, as well as for the overall strategy.
Max Loss	Indicates the maximum loss for each leg of the strategy, as well as for the overall strategy.
MMR Estimate
Open Interest	Open interest for the selected option or the open interest for the entire complex for an underlying futures contract.
Open Trade Equity	Current value of the strategy - the entry value of the strategy.
Rho	Change in theoretical value as a result of a 1 percentage point change in interest rates.
Theo Value	Theoretical value of the option.
Theta	Loss in theoretical value in one day, holding all other factors constant.
Trade Commission	Commissions paid for each part of the strategy (users must input these values).
Trade Entry	Entry price for the trade.
Trade Quantity	Number of contracts long or short in the strategy.
Under Trade Change	Tick value of the underlying.
Under Trade Elapse	Time elapsed since the underlying futures contract last traded.
Under Trade Time	Time the underlying futures contract last traded.
Underlying Avg Vol	Average volatility of the underlying instrument.
Underlying Days to Expiration	Number of days, including the current day, until expiration.
Underlying Hist Vol	Historical volatility for the underlying instrument.
Underlying Total Open Interest	Total open interest for the relevant futures contract.
Underlying Total Volume	Total volume for the relevant futures contract.
Underlying Trade	Last trade price for the underlying contract.
Vega	Change in theoretical value as a result of a 1point change in volatility.
Volume	Volume for the futures of options contract.

Customizing Tabs

Adding a custom tab

1. Right-click an existing tab

2. Select New Tab.

3. Enter a name for the new tab.

4. Click the OK button. This closes the New User Tab window, displays the new, user-created tab and displays the Customize Strategy…Columns window, allowing you to include the desired items in the new tab.

5. Select the desired items from the Customize Strategy…Columns window.

Deleting and renaming a tab

You can delete or rename any of the top table tabs (except the Trades tab).

1. Right-click on the tab.

2. Select Delete Tab.

3. Select Rename Tab.

4. Enter the new name for the tab.

5. Click the OK button to close the Rename Tab window.