Options Chain Overview
The Options Chain feature in Tradier Web provides a comprehensive view of available options contracts for any given symbol. This guide will walk you through all the functionality and help you navigate the platform efficiently.
Setting Up Your Default Preferences
Before diving into the Options Chain, you can customize your default viewing preferences to streamline your workflow.
To set your default strike display:
Click your Account Name in the top right corner of the Tradier Web Dashboard
Select "My Preferences" from the dropdown menu
Scroll to "Trade Preferences"
Find the "Default In the Money Filter" setting
Set your preferred number of strikes to display above and below the At-The-Money (ATM) strike
This setting determines how many strike prices you'll see by default when loading any options chain, saving you time on future searches.
Accessing the Options Chain
Click the "Chains" tab from the main menu at the top of your screen
Enter your desired symbol in the symbol entry field
Press Enter or click the magnifying glass icon
The options chain display will load along with the symbol data
Navigating the Interface
Strike Price Settings
On the right side of the interface, you'll find the Strike dropdown menu. This defaults to your preference settings but can be adjusted at any time using the dropdown menu.
Expiration Date Selection
The expiration dropdown menu allows you to select different contract expiration dates. When you scroll through the chains, this dropdown menu conveniently scrolls with you. The platform automatically displays the number of days remaining until each contract expires.
Switching Symbols
To analyze a different symbol, simply return to the symbol entry field, type in the new symbol, and press Enter. The chain will update automatically.
Viewing Options
The platform offers three distinct viewing modes:
All View (Default)
Displays both calls and puts options together in a comprehensive view, allowing you to see the complete picture of available contracts.
Calls View
Shows only call options with their relevant data points, perfect when you're focusing specifically on bullish strategies.
Puts View
Displays only put options with their corresponding information, ideal for bearish strategies or protective positions.
Selecting Options Contracts
The Options Chain allows you to build complex strategies directly from the chain view using the selection buttons:
Buy and Sell Buttons
"B" Button (Buy):
First click: Adds leg as "Buy to Open"
Second click: Changes to "Buy to Close"
Third click: Removes from ticket
"S" Button (Sell):
First click: Adds leg as "Sell to Open"
Second click: Changes to "Sell to Close"
Third click: Removes from ticket
The Stager
As you make selections, the system automatically populates your choices in the "Stager" located in the top right corner. You can:
Preview your selections using the dropdown arrow
Modify the side of any leg within the stager
Review your strategy before sending to the trading ticket
Submitting Your Trade
Once you've configured your options strategy:
Click the main "Send to Ticket" button
The Trade Ticket will appear from the bottom of the screen
Review, adjust, and preview all details in the Trade Ticket
Submit your order when ready
The Trade Ticket provides additional functionality for order management and execution, covered in detail in separate documentation.