Using the [Tab] key (to move to the next cell) and [Shift] + [Tab] keys (to move to the previous cell) keys facilitates moving around Options Calculator.
Using Options Calculator involves:
1. Selecting the desired instrument symbol.
2. Inputting the desired series.
3. Selecting a model.
4. Inputting the WhatIf values (if desired).
5. Choosing a type of graph (top tabs).
6. Selecting a view (bottom tabs).
Selecting a Symbol
To begin using Options Calculator you must:
Enter the symbol prefix without any month indicator.
Example: JY
Selecting the Class and Expiration Month
Once you have entered the desired symbol, a drop-down list appears in the Option row of the Contract section.
Select the desired class and expiration month from the drop-down list associated with the Option row in the Contract section.
Selecting the Strike
After you have selected a symbol, class and expiration month, a drop-down list appears in the Strike row.
Select the desired strike price.
After a series is selected, the Actuals column is filled in with the most recent values.
Note: Prices indicated by an asterisk in the Actuals column are yesterday's values.
Selecting a Model
Options pricing models produce theoretical values for an option contract based on five inputs: Underlying Price, Strike Price, Time to Expiration, Interest Rate, and Underlying Volatility.
CQG offers eight basic option models that serve as the framework for valuing options: Bachelier, Black, Black-Scholes, Bourtov, Cox-Ross-Rubinstein, Garman-Kohlhagen, Merton, and Whaley.
1. Click the drop-down arrow in the Model row in the Contract section.
2. Select the desired model.
Or
1. Click the Setup button.
2. Select Preferences.
3. Select a model from the list.
4. Click the OK button to close the Preferences for the Options Calculator window.