Interactive Brokers’ mobile app adds Performance Details section for options, spreads
Traders can analyze option and spread characteristics, including Return-to-Risk Ratio, Profit Probability, Delta, Max Return, Max Loss thanks to the Performance Details section.
Electronic trading expert Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just released a fresh version of the IBKR mobile application for Android devices.
Build 8.3.951 of the solution offers more details about options and spreads. Traders can analyze option and spread characteristics, including Return-to-Risk Ratio, Profit Probability, Delta, Max Return, Max Loss and more with the Performance Details section of the Instrument Details (and Orders) screen.
To manage the display of this and other sections and to change the order in which sections appear in the Instrument Details screen, one should tap the “More” icon in the top right corner of the chain, and then tap “Sections.” Checking or unchecking a section results in displaying or hiding it. Grabbing the “move” icon to the right of a section to drag its position up or down leads to changing the section position on the screen.
Earlier in March, Interactive Brokers introduced significant upgrades to its mobile application concerning security. The IBKR Mobile app now combines IB TWS for Mobile and the IB Key security protocol into one app that lets traders securely manage their accounts and trade. Thanks to the upgraded solution for iOS and Android devices, traders can keep their accounts safe by applying IB Key two-factor authentication when logging into any of Interactive Brokers’ websites or trading platforms.
In one of the latest versions of the app for Android devices, a new options tool called Spread Template was added. It makes it easier to create a complex multi-leg spread by providing a pick list of the most used strategies. In addition to the helpful pick list, the Spread Template intuitive grid display:
- Lets traders quickly compare prices across a range of similar combinations and quickly pick the one you want.
- Enables traders to quickly compare tightness of the bid/ask spread for multiple strategies and quickly pick the one with the best spread.
- Helps traders quickly search for the most appropriate strategy to hedge an existing position via Delta and Gamma display in each grid box. Each grid displays key information such as delta and gamma, and traders can fine-tune grid strategies by adjusting filters.
To use a Spread Template, one should open Quote Details for an instrument and tap “Spreads” from the top row of access buttons.
