Key figures
Here you will find the key figures of the output area of the option strategy calculator.
Standard key figures
The standard key figures are in the upper third of the output area. They correspond in part to the key figures of the strategy evaluation.
| Field | Description |
|---|---|
Strategy type | Your Infront Portfolio Manager automatically recognizes which standard strategy type is involved, even when the strategy is constructed manually. All other strategies are called "Free combination". The strategy type is the heading of the key figures. |
Remaining term | Remaining term of the strategy, i.e. the shortest remaining term among the strategy options, in days or years. |
Course | The total price of the options. If this is negative, subscription income is recognized. |
Number of contracts | Number of contracts that can be purchased for the specified investment. Where necessary, the key figures relate to this number of contracts, e.g. the number of contracts is included in the calculation of charges. (If 0 is given here, the key figures for the number of contracts are determined as 1) In the "Per contract" column, you will find the sizes calculated down to one contract. |
Capital investment | Costs arising from the purchase of the strategy, the expenses and the (current) margin. Subscription income is offset here. |
Premiums | Purchase price of the strategy. |
Expenses | Expenses for the purchase according to the expense regulations. |
Margin | Margins currently incurred for the strategy. |
Percentage shares of capital investment, premiums, expenses, margin | Two cases must be distinguished here:
|
Capital investment, premiums, charges and margin are shown in two ways, once in relation to the number of contracts calculated for the specified investment and once in relation to one contract.
Key figures: Strategy analysis
All other key figures relate to a model-based evaluation of the strategy, i.e. simulated prices (for the future). The key figures are calculated for two sales dates: The specified sale date and for the end of the term.
| Key figure | Description |
|---|---|
Expected profit | Simulated profit of the strategy if the market expectation is realized. The reference value is the capital investment, i.e. the fixed capital includes the margin. |
Maximum profit | Simulated maximum profit of the strategy if the price expectation is kept open. The maximum profit corresponds to the maxima of the graphs in the first diagram (profit/loss at base price). |
Maximum loss | Simulated maximum loss of the strategy if the price expectation is kept open. The maximum loss corresponds to the minima of the graphs in the first diagram (profit/loss at base price). |
Profit-risk ratio (GRV) | The ratio of maximum profit to maximum loss. The higher the value, the greater the chances of winning. |
Lower-Break-Even/ | This view refers to a fixed volatility and interest rate expectation, while the price is varied. The break-even values indicate the base prices at which the profit/loss chart changes zones, i.e. from profit to loss or vice versa. Lower break-even is the closest point of this type below the current base price, upper break-even correspondingly above. These figures are also given as a percentage of the current base rate. Depending on the strategy, they can be read as safety margins before the loss zone or as a minimum target for the profit zone. |
Price model key figures
The key figure fair price and the Greeks (Delta, Gamma, Omega, Vega, Rho, Theta) are known from the valuation of individual options. When evaluating combination items, the individual values (as gradients) are added together to form a total value. The interpretation of these key figures is analogous.
| Key figure | Description |
|---|---|
Distance course | The "Price gap" key figure indicates the percentage gap between the fair price and the current combination price. |