QCharts - Option Chain and Option Montage Window

qcharts - option chain and option montage window

this article provides a general overview of the qcharts options windows.  

qcharts has both an option chain window and an option montage window.  the option chain window is included with a qcharts basic subscription while the option montage window requires a qcharts plus subscription.  a subscription to stock options (opra) is required for both windows. 

the option chain window

opening an option chain window 
an option chain window opens in a quote sheet window.  there are three ways a user can open a option chain window.  the first way is shown below by selecting file from the main menu and clicking new, option chain.

 

the second way to open an option chain window is by right clicking over a symbol on a quote sheet and selecting new, option chain.



the last way is by using the shortcut button  at the bottom of qcharts located on the quotes toolbar.  you'll want to first open a new quote sheet window before using this icon.  (learn more about the quotes toolbar by clicking here)

using the shortcut button will open a new window called chains.  this window allows for additional filtering such as minimum and maximum strike price, expiration, and type which are described below.



choose to filter by: 

expiration
filter all listed contracts, just long-term leap contracts, or by a specific month.

strike price min/max
filter by a specific strike price.

type
filter to see calls only, puts only, or both calls & puts (any). 

the option montage window

opening an option montage window 
there are three ways a user can open a option montage window.  the first way is shown below by selecting file from the main menu and clicking new, option montage.



the second way to open an option montage window is by right clicking over a symbol on a quote sheet and selecting new, option montage.



the last way is by using the shortcut button  at the top of qcharts. 



the option montage window opens in its own window type (as opposed to opening the symbols into the quote sheet window).  the option montage window is where you'll find the greek analytics (delta, theta, vega and gamma) as well as other option data fields.  

can i filter the options montage window? 

yes, you can use the options toolbar located by default in the bottom left hand corner of qcharts to filter your view of the option montage window. choose to filter by: 

listed
filter all listed contracts, just long-term leap contracts, or by a specific month.

type
filter to see just calls, just puts, or both calls & puts.

strike price category 
filter by in the money, at the money, out of the money, or all strikes. 

how can i customize the option montage display?

in addition to the default displays, you can customize the window by editing columns in the same manner as with the quote sheet window. you can add the additional columns like delta, theta, vega, etc by right clicking a column header and selecting from the options sub-menu.  also the options toolbar allows for additional customizations.

what do the different option montage display settings do?

double montage basic
this view places calls on the left and puts on the right, with columns of strike price and expiration month down the middle that apply to both calls and puts. both calls and puts have columns of last, net, bid, and ask for each contract.

double montage detailed
this view, split in the same manner as the double montage basic, adds a bid/ask spread column for calls and puts.

double montage advanced
this split view adds delta and % chg.iv columns to the detailed view.

single montage basic
this view mixes calls and puts in the option montage, with only one row per contract and thus more columns. columns added to the double montage basic display are open, high, low, volume, tick volume, open interest, net %, days left, and settlement. bid and ask are removed.

single montage detailed
this view adds to single montage basic the columns, bid, ask, and bid/ask spread, as well as time value and intrinsic value. net% and settlement are removed.

single montage advanced
this view adds to single montage detailed the greek columns delta, vega, theta, and gamma, plus implied vo

can i remove the singlequote display?

using the right-click menu, you can toggle on and off the upper singlequote display, which works just like a singlequote window. the main body of the window is the option montage display, which can be configured into six views (each an .opl file in your layouts folder).