|Enhancements coming soon
1. For the next release, we are looking at changing the way the program works when both Trade IDs and R codes are used.
2. It is time to re-visit the pricing model that was developed a year ago but put “on ice”. We want to see if it can be developed
into a truly superior model. One goal is to get a better curve fit so that fair values in the Matrix come closer to actual market
prices. Another goal is to develop a model that accurately anticipates changes in the shapes of the skew curves in response to
possible market moves. Don’t worry, the pricing model in the software now will be kept and given a name, perhaps “the golden
oldie”, and users will be allowed to switch between this and the new model. At the same time, we want to improve upon the
current volty skew graphics and add the ability to show IV skews of different dates, current and past.
3. As of January 1st, we will begin storing BackTrader data on 15 minute intervals.
Information about the new Trade IDs
A new “Trade ID” field was added to the Trade Log (on the far right) in version 8.10. It can be used to help group a series of
trades that are meant to be considered a single “campaign”. Trade IDs can be used just like R codes except that a Trade ID
can be up to 40 characters in length. Also, unlike R codes, Trade ID’s can be used to group two or more separate trades even
if those trades were not contemporary.
We are hoping that users will switch to recording all of the transactions that take place in a single brokerage account in a single
OptionVue account, or at least all of the transactions in that brokerage account during a calendar year. That way the user can
make use of OptionVue’s aggregate performance reporting, including a historical graph of account value and an analysis of
how various trading approaches, as coded using the Strategy and Class fields, have performed.
In the Matrix, there is a new drop-down for choosing a single Trade ID to be displayed. By default this is set to “ALL”, in which
case all existing, open positions are displayed. This new Trade ID selector is only visible if the user is making use of the Trade
ID field when recording transactions.
OptionVue groups trades primarily by Trade ID and secondarily by R code. In the same way, when selecting a particular trade
to be displayed in the Matrix, the program selects primarily by Trade ID and secondarily by R code. If a user never begins
using the new Trade ID field, OptionVue will behave exactly as it did before with respect to the R codes. Trade ID selectors are
also available in the T.Log and in Reports.
Trade ID is available to be displayed in a new column in Account Status and Reports. To cause it to be displayed, open the
Report Formats form by clicking the Format button in the upper left area of Account Status or Reports, find Trade ID in the list
and checkmark it. You may also move it into the desired position among the other columns of the report. Users accustomed to
how Trade IDs work in ONE may have a bit of an adjustment as they begin to use them in OptionVue. In OptionVue, a Trade ID
is just another “tag” that can be attached to individual trade records as you add them to the T.Log. It is optional. Other optional
tags are R code, strategy, and class. These tags are useful for selecting certain trades to be shown in the Matrix or included in
various Reports, and are also used for automatically grouping trades in Account Status and Reports, and for determining what
previously realized G/L’s should be included when looking at a trade in the Matrix.
Trade ID is basically just a better version of the R code that allows you to use a string of characters when naming a trade. It
works just like the R code except that it has precedence over R codes if you ever want to use both. The following table shows a
breakdown of this logic, and is up-to-date including the changes made in version 8.13.
|OptionVue version 8.13 started shipping January 30, 2017.
1. We changed the way the program works when both Trade IDs and R codes are used. In Account Status and Reports,
positions are grouped by Trade ID without regard to R codes. In the Matrix, which has both a Trade ID selector and an R code
selector, the following conditions apply:
When the R code selector is set to ALL, the positions displayed in the Matrix, plus the gain/loss and greeks displayed in the
summary section, will reflect the currently selected Trade ID and gain/loss will include any previously realized G/L’s that are
tagged with this Trade ID.
When the R code selector is set to something other than ALL, the positions displayed in the Matrix will be an appropriate
subset of the currently selected Trade ID position and the greeks will reflect the displayed position. Gain/loss will include only
the trades tagged with the currently selected Trade ID and the currently selected R code(s), and previously realized G/L’s that
are tagged with this Trade ID and this set of selected R code(s).
2. We now accommodate the new Monday and Wednesday weeklys in the $SPX, and the new Wednesday weeklys in the
SPY. We have not yet accommodated the new Wednesday weeklys in the ES because of the difficulties in dealing with the
strange symbol format the exchange invented for these.
3. When using IB or TOS for live quotes, in the Matrix the program now gives top priority to any options in which there is an
existing position or a trade and collects quotes on them non-stop. The underlying(s) too.
4. The list of parameters that can be exported now includes Time Premium.
5. Changes were made to accommodate the relatively new NQ end-of-month options.
1. In Graphic Analysis, repeated clicks on the snap-to-dot button caused the vertical axis to scale larger and larger. This was
2. When there is a position in a stock whose symbol contains a period (e.g. BRK.B), the Account Status form was not showing
any beta number associated with that stock. Now it does.
3. Importing IB trades into the T.Log where the fields are delimited using semicolons was not working. Now it does.
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