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Web POP is a complete options risk management system. Designed by pit
traders to manage complex option portfolios, Web POP has all the tools
necessary to day trade options. Everything from pricing any option that
might trade to running end-of-day marked-to-market P/L's is just a matter
of a mouse click. Web POP's powerful risk analyzer shows your position's
entire risk now and projected into the future.
Because Web POP is Internet-based, your account is accessible from any
machine connected to the Internet -- there is no special hardware or
software required. It also includes extensive online hints that
guide new users through common tasks.
- Check overnight quotes using links to the most up-to-date free market
data sources.
- Analyze your options position using the most recent market values such
as price of the underlying, days, etc.).
Web POP shows your delta, vega, theoretical P/L, etc. over a wide range
of futures prices. These risk matrices set Web POP apart. You can also
have a second matrix that projects your position into the future.
On a single page, see how much the model says you should make if X amount
of time passes and the underlying moves Y number of points. You set the
number of days and the range of futures prices.
- Generate theoretical options prices for the current market conditions.
Choose whether to apply skew to the prices. This is essential for
stock index and agricultural markets.
- Use Web POP's interactive graphing to create graphs of historical
volatilities and futures prices. What happens to volatilities when the
underlying market makes dramatic swings one way or the other? How does the
contract tend to behave as expiration approaches?
- Enter trades throughout the day. See your risk at any time.
- As the price of the underlying changes, generate new theoretical
prices with one click of the mouse. See the delta, gamma, vega, and theta
of each option.
- At the end of the day, import options settlements and run P/L's for
all of your options position with one click no matter how many markets you
trade.
- Imply the current volatility skew for the markets you trade. Graph the
skews, and if you like, automatically smooth or otherwise manipulate the
skew curve.
- See how much skew risk is in your position. How much of your position's
value is due to directional bias?
- Measure your worst case scenarios. If the futures go to infinity,
what is your position? Conversely, what happens if the market absolutely
collapses? These are numbers that brokerage houses monitor closely --
traders should, too.
- View the Daily Option Summary to see a complete end-of-day market
profile.
- Look at the Global Summary and examine every market summarized on a
single web page. Quickly spot opportunities and trends.
- Set up Web POP to automatically send you emails when a contract exceeds
a certain futures price or volatility level.
- If your overseas broker calls in the middle of the night with news
of a big market swing, just logon from home and analyze your position's
risk given the latest inputs.
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