Documentation / Create, Adjust and Manage Trades

Create, Adjust and Manage Trades

Creating trades, saving them, and managing your positions

Creating a Trade in the Model Column

The Model column in the options chain is where you stage legs before saving a trade:

  • Enter a positive number (e.g., 2) to buy contracts
  • Enter a negative number (e.g., -1) to sell contracts
  • The payoff diagram on the right updates in real-time as you add legs
  • The Analysis area shows the strategy's net cost/credit, and aggregate Greeks. You can click the caret next to Analysis to display the individual legs in your trade.

You can model legs across multiple strikes, expiration dates, and option types. Mix calls and puts freely.

The Save Dialog

When you click Save in the toolbar, the Save Dialog opens. It lets you record the trade in your log or send it to your broker:

  • Trade Name & Strategy: Name your trade and assign a strategy type. The strategy type is automatically detected (e.g., "Vertical Spread", "Iron Condor") based on the legs you enter, but is fully editable.
  • Cost Basis: Calculated automatically from the mid-prices of your modeled legs. You can override this with the actual fill price.
  • Account: Optionally, you can assign the trade to a specific broker account. If you submit the trade to your broker to be executed, this field will be automatically populated with the correct broker account number.
  • Campaign, Setup, Timeframe: These are optional fields that help you organize and analyze your trades.
  • Notes & Tags: Free-text notes and searchable tags for the trade.
  • Custom Fields: Up to 10 user-defined name/value pairs for your own categorization.
  • Broker Execution: Select a broker if you would like to submit the order directly to your broker.

After saving, the Model column is cleared and the trade appears in Trades Summary.

Adding Legs to an Existing Trade (Adjustments)

To add new legs to a trade you have already saved (e.g., rolling a strike or adding a hedge):

  1. Load the existing trade from Trades Summary by clicking its right arrow triangle icon
  2. Model the new legs you want to add in the Model column
  3. Click Save — the dialog will default to "Add to existing trade" mode
  4. Confirm, and the new executions are appended to the same trade record

The trade navigation buttons (chevrons) in the toolbar let you jump between adjustment timestamps to review the trade's history.

Partial Closes

A partial close is recorded by modeling the closing quantity with the opposite sign of your current position and saving it to the existing trade:

  • If you are short 2 contracts of a put, model +1 on that put to close half
  • The system calculates the realized P&L for the closed portion
  • The trade remains open with the remaining quantity
  • When the net quantity reaches zero, depending on your selection in Settings, the trade is either left open or automatically closed

Viewing and Editing Trade Details

Click any trade in the Trades Summary to open the Trade Detail dialog:

  • Metadata editing: Click any field (name, strategy, notes, tags) to edit it inline
  • Execution management: Edit or delete individual executions. Each execution shows its quantity, fill price, and commission. Editing a commission or price triggers a recalculation of cost basis and realized P&L.
  • Split & Merge: Move specific legs or executions between trades if they were grouped incorrectly
  • Status: Mark a trade as open or closed
  • Delta / P&L Monitors: Configure automated alerts for delta limits, exit loss triggers and profit targets from the monitoring section at the bottom of the dialog

Bulk Actions

You can edit groups of trades all at once from the trades list. Select which trades you would like to edit and press the Update Selected button. In the Bulk Update Trades dialog you can modify the metadata fields and status. Clicking Update Trades will apply those changes to all trades at once.