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Trading Options on Futures

Trading Futures Options Using CQG on Tradier Web

This guide explains how to access the futures options trading feature in the Tradier Web platform (via CQG), navigate the Options Ladder, customize your view, and use the Strategy Builder to create single-leg and multi-leg strategies.

Step 1: Access the Options View

  • When you first log in, options on futures are not displayed on the homepage by default.

  • From the left-hand menu, click OV (Options View).

  • The Options Page will open with the Options Ladder widget in the center.

  • You can also add the Options Ladder to a custom page or your homepage for quicker access.

Step 2: Navigate the Options Ladder

  • Calls appear on the left; Puts appear on the right.

  • Use the expiration tabs at the top to select the contract month.

  • The middle column lists strike prices—click the header to sort ascending or descending.

Step 3: Place a Basic Options Trade

  1. Right-click on the call or put you want to trade.

  2. From the menu, select:

    • Buy

    • Sell

    • Chart

    • Other available quick actions

  3. Selecting Buy or Sell will open an order ticket:

    • Hybrid Order Ticket

    • Trade Ticket

    • Slide Trader

  4. In the order ticket, you can:

    • Set contract quantity

    • Choose order type (Limit, Market, Stop)

    • Adjust Time-in-Force

    • Add conditional orders

  5. Review all details carefully before submitting your order.

Step 4: Customize Your View

  • Click the three dots in the upper-right corner of the Options Ladder widget.

  • Select Manage Columns to:

    • Add data fields

    • Remove columns

    • Rearrange columns by dragging items between sections

  • Keep only the metrics you use most frequently for a clearer display.

Step 5: Build Advanced Strategies

  • At the top of the platform, open the Strategy Builder dropdown.

  • Choose a predefined strategy or select Custom to create your own.

  • Adjust parameters such as:

    • Ratios

    • Symbols

    • Expirations

    • Strike prices

  • Once configured, send the strategy through your selected order ticket.

Next Steps

  • Practice navigating the Options Ladder and using different order tickets.

  • Customize your view for clarity and efficiency.

  • Explore the Strategy Builder in a simulated or paper trading environment before placing live trades.

Important: Futures and options on futures involve substantial risk and are not suitable for all investors. You could lose more than your initial investment. Please review the Risk Disclosure Statement for Futures and Options before trading.

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