Risk Radar X

In this manual we will cover how to:


Accessing Risk Radar X

  1. Opening Risk Radar X as a new window:

    Click Modules and select Risk Radar X

  2. Opening Risk Radar X as a tab on the Main screen:

    Click the "..." tab on the main screen and select Risk Radar X


Reading Information on Risk Radar X

Main Header Bar Controls

Account Group: Selects an account group as set-up in the main Settings menu

Update Now (##s) - Click to manually update the spreadsheet with current market data (if not in live mode)

Note: Risk Radar X defaults to interval updating to minimize bandwidth usage

Interval: Sets the automatic update interval (in seconds)

Real-time Mode - Check the box to turn on real-time updating

Note: Large portfolios will require a great deal of bandwidth while in live mode

Date: Changing the date field to a future date extrapolates your account/position's risk values for that selected date.

Step %: Sets the interval between the theoretical risk columns ("#.## %" columns)

IVol: Switches between applied volatility models
 
Fitted: Polynomial Interpolation/Extrapolation (Tail-Capped Binomial Model)
ATM: Weighted At-the-Money Volatilities
OptionImplied: Per-Option Implied Volatilities

IV +-: Manually adjust the volatility applied to risk calculations. The value entered will increase/decrease all current option volatility values in the module by the amount (points) entered.


Customizing the Data Display

Grouping accounts

View your aggregate risk/P&L at many different levels including:

Account level:
You can display your custom Account Groups on the Risk Radar X using the Account Group pull-down menu.
Note: Account Groups are created in the System Settings menu.
Trading group level:
Drag and drop grouping
Left-click and drag a column header to the section labeled "Drag a column here to group by that column" to create a sub-grouping based on that column.
Example: You can associate group names with account numbers using the "Group" column text fields and view accounts associated by the assigned text.
Trader grouping:
Example: You can associate individual trader names with account numbers using the "Trader" column text fields and view accounts associated by the assigned trader.

Column Customization

The data displayed on the Risk Radar X spreadsheet can be customized by adding / removing, resizing, and re-ordering columns.

Click here for the complete guide to Column Customization

Account Level Data Definitions

$ DeltaDelta Value * Mark
#.## % Theoretical dollar risk based on percentage move of the underlying security. Can be user defined.
Account Account number
Alias User defined text field. Allows you to assign an Alias to an account for reference purposes.
BP Buying Power
Calls Bought Gross number of Call contracts purchased
Calls Sold Gross number of Call contracts sold
Comment User defined text field. Allows you to type comments for reference.
Contact Contact information
Crash Theoretical risk based on a 25% market decrease and a 50% volatility increase
Current HC Current Haircut margin requirement
Delta Net Delta for the account
Drops # Number of order dropped into SILEXX OEMS
Equity Account equity. Broker supplied value
Fut Bought Gross number of Futures contracts purchased
Fut Sold Gross number of Futures contracts sold
Fut Traded Gross number of Futures contracts traded
Fut Working Gross number of Futures contracts on working orders
Gamma Net Gamma for the account
Gross Exp Gross Exposure
Gross Exp L Gross Exposure Long - Gross long exposure
Gross Exp S Gross Exposure Short - Gross short exposure
Group User defined text field. See this section for further details
Linear Decay {Premium / Days left to expiration}
Lvrg. Ratio Leverage Ratio - {Gross Exposure / Net Equity}
Market Value Net market value of the open positions
Min Req. Minimum Required haircut margin. [$25 per contract]
Net Calls # Net number of Call contracts in the account
Net Equity Net account equity. {Equity + P&L}
Net Puts # Net number of Put contracts in the account
Net Stock # Net number of Stock shares in the account
Opt Traded Gross number of Option contracts traded
Opt Working Gross number of Option contracts on working orders
Orders # Total number of orders sent through SILEXX OEMS on the day
P&L Profit / Loss calculation [marked to market]
P&L Theo Profit / Loss Theoretical - Theoretical P&L based on theoretical option prices
Performance Account performance - {P&L / Equity}
Platform Trading platform of origin (if other than SILEXX OEMS)
Premium Net option premium
Puts Bought Gross number of Put contracts purchased
Puts Sold Gross number of Put contracts sold
Qty Displays the net quantity of shares/contracts in the account. U: = underlying, C: = Calls, P: = Puts
Realized P&L Net Profit / Loss realized on the day from closing positions
Rho Net Rho for the account
Stk Bought Gross number of Stock shares purchased
Stk Sold Gross number of Stock shares sold
Stk Traded Gross number of Stock shares traded
Stk Working Gross number of Stock shares on working orders
Takeover Theoretical risk based on a 25% market increase and a 50% volatility decrease
Thet Net Theta for the account
Trader User defined text field. See this section for further details
Type Account type classification
Unrealized P&L Net Profit / Loss on the day on positions that are currently active in the account
Vega Net Vega for the account
Volatility Theoretical risk based on a 50% volatility increase

Symbol Level Data Definitions

$ Delta Delta Value * Mark
% Change Percent change of the underlying security
#.##% Theoretical dollar risk based on percentage move of the underlying security. Can be user defined using the Step control field in the main header bar.
Avg. Volume Average volume for the underlying security
Bid x Ask Underlying bid and Ask quotes
Calls Bought Gross number of Call contracts purchased
Calls Sold Gross number of Call contracts sold
Calls Traded Gross number of Call contracts traded
Change Change in price on the day for the underlying security
Crash Theoretical risk based on a 25% market decrease and a 50% volatility increase
Current HC Current Haircut margin requirement
CUSIP 9-character alphanumeric code for the purposes of facilitating clearing and settlement of trades
Delta Net Delta
Description Full description of the underlying security
Div. Annual Annual Dividend
Div. Yield Dividend yield percentage
Earnings Next earnings date (if available)
Ex-Dividend Ex-dividend date (if available)
Fut Bought Gross number of Futures contracts purchased
Fut Sold Gross number of Futures contracts sold
Fut Traded Gross number of Futures contracts traded
Fut Working Gross number of Futures contracts on working orders
Gamma Net Gamma
Gross Exp Gross Exposure
Gross Exp L Gross Exposure Long
Gross Exp S Gross Exposure Short
Industry Industry classification for the underlying
Last Last trade price
Linear Decay {Premium / Days left to expiration}
Market Cap. Market capitalization of the underlying
Min. Req Minimum Required haircut margin
Net Calls # Net number of Call contracts in the selected account(s) in the underlying
Net Puts # Net number of Put contracts in the selected account(s) in the underlying
Net Stock # Net number of Stock shares in the selected account(s) in the underlying
Opt Traded Gross number of Option contracts traded
Opt Working Gross number of Option contracts on working orders
P&L Profit / Loss for the position(s) held in the selected account(s)
P&L Theo Profit / loss Theoretical - Theoretical P&L based on theoretical option prices
Premium Net option premium
Prev Close Underlying Previous Close price
Puts Bought Gross number of Put contracts purchased
Puts Sold Gross number of Put contracts sold
Puts Traded Gross number of Put contracts traded
Qty Net Quantity summary
Rho Net Rho
Sector Sector in which the underlying is listed
Stk Bought Gross number of Stock shares purchased
Stk Sold Gross number of Stock shares sold
Stk Traded Gross number of Stock shares traded
Stk Working Gross number of Stock shares on working orders
Symbol Underlying Symbol
Takeover Theoretical risk based on a 25% market increase and a 50% volatility decrease
Theta Net Theta
Vega Net Vega
Volatility Theoretical risk based on a 50% volatility increase

Position Level Data Definitions

% Change Percent change of the underlying security
Account Account number
Bid x Ask Underlying bid and Ask quotes
Change Change in price on the day for the underlying security
Delta Position Delta
Description Full description of the underlying security
Last Last trade price
Mark Midpoint of the Bid / Ask price
P&L Profit / Loss for the position
Prev Close Previous Close price
Price Avg. Price Average - {(OpeningQty * OpeningCost + TradingNetQty * TradingFIFOCost) / (OpeningQty + TradingNetQty)}
Qty Quantity
Symbol Security's Symbol
Theo Theoretical price

Freezing Columns

Columns can fixed either to the left or right side so that they will always be in view when scrolling horizontally.

Saving Custom Layouts

Right-click anywhere in the spreadsheet and select Quick Layout

Select Save Current Layout As...

Enter a name for the layout and select Save

The named layout is now available in the Quick Layout menu

Filters and Sorting

Data on the spreadsheet can be quickly organized using SILEXX OEMS's filtering and sorting functions.

Click here for the complete guide to Filters and Sorting


Viewing a Position with Position Analyzer

In the Underlying section of Risk Radar X, right-click the row of the security for which you want to analyze graphically.

A Position Analyzer widow will launch with all positions in the selected underlying active on the analyzer.