Once you've completed a Position Search, you can look at your top choices in-depth with Position Analysis, the control center of OptionStation®2000i

Here, you'll be able to monitor your strategy in real time or end-of-day, set alerts so you're notified when the market is moving in your direction, track your strategy's profit and loss and review options analysis indicators.

The Position Analysis is the control center of OptionStation. Here you will make most of your trading decisions, as well as monitor, track and analyze both hypothetical and existing positions. The Position Analysis is broken down into three sections: assets; options; and position summary.

The Position Analysis is the control center of OptionStation. Here you will make most of your trading decisions, as well as monitor, track and analyze both hypothetical and existing positions. The Position Analysis is broken down into three sections: assets; options; and position summary.

Built-In Analysis Indicators. OptionStation 2000i is equipped with hundreds of analysis indicators to help you study your positions in detail. Each column on your spreadsheet is an indicator that can be used to get a better perspective of what your positions will do in particular circumstances. Using these models, you'll evaluate whether or not an option is over- or under-valued, risks, and the possible future worth of a position based on your outlook of price, time and volatility. Here's a sample of just some of the indicators available to you to examine your positions:

Smart Bid/Ask columns display the modeled bid and ask information determined by the current bid-ask model. OptionStation 2000i gives you the ability to synthesize bid and ask information when none is provided by your data feed, or if bid and ask data is stale, as is sometimes the case in lightly traded markets.

The Theta value relates to time value and shows you the expected change in an options price due to a 1-day passage in time. The Delta value shows you the expected change in the price of the option contract due to a 1-point change in the price of the underlying asset. The Vega value relates to volatility and shows you the change in an options price due to a 1-percent increase in volatility. And finally, the Gamma value shows you the expected change in delta due to a 1-point change in the price of the underlying asset.

Percent To Double plots the percentage movement the underlying asset must move to double the current price of each option.

Covered Call-Put will help you analyze covered call or put positions by plotting the simple annual return at current price, simple annual return for maximum gain, probability of profit and probability of maximum gain. By sorting on any of these fields, you can rank the best-covered position for the current asset.

Probability Indicators give you a look into the mathematical probability that certain things will happen in the future. For example, the ProbabilityBE indicator, or ProbBE, tells you the probability that an option will expire at a price which at least breaks even. It's calculated using the option cost and the price of the underlying asset.

ProITM uses a calculation to determine whether an option contract will be in-the-money at any time during the option contract period or at expiration.

Once you've analyzed all the numbers, you can use the Position Chart feature to take a graphical look at your positions….