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Social Sentiment is a thinkorswim feature designed to help you with your trading decisions based on current trends in social media. This feature provides you with an outline of social media mentions of miscellaneous companies and their affiliated divisions, taking into account the mood of posts where these companies or divisions have been mentioned. Analyzing the relationship between the social media discussion around a certain company and the price of its underlying may be used to create trading signals. Posts presented in social signals are not subject to any fact-checking, may be without reasonable basis and claims may be unsubstantiated. Thoroughly evaluate all information before trading.
Today's Trade Activity
In the Today's Trade Activity section of the Activity and Positions tab, you can view and manage all your working, filled, and cancelled orders.
Your orders are organized into four groups in the Today's Trade Activity section:
- Working orders: Orders that have been placed but not yet filled.
- Filled orders: Orders that have been executed.
- Cancelled orders: Orders that have been cancelled, for example, because they were not filled by the end of the trading day.
- Rolling strategies: Complex orders for rolling options. Rolling is the process of buying back the short option near expiration and simultaneously selling the next expiration period's same strike option.
Here is how you can use Today's Trade Activity:
- To see the contents of each of the order groups, click on the 'tick' icon before its title. To hide the contents, click on this icon again.
- By default, the following columns are displayed in each of the groups: Time, Order ID, Description, and Status. You can add more columns by clicking on the More fields button on the far right of each group.
- You can sort each group by any column. To do so, click on the header of the by which you would like to perform the sorting. An up arrow will appear, which indicates the ascending sort. Clicking again will give the column the descending sort (indicated by a down arrow). To return to the unsorted state, left click on the header again.
In the Working Orders section, you can try to cancel an order or orders. To do so, right-click the order you would like to cancel and click Cancel.
To cancel multiple orders, try using the Cancel menu available from the Show actions button in the top-right corner of the Working orders section. In this menu, you can select a group of orders you wish to cancel: all working orders, all day orders, all day and Extended-Hours orders, all GTC (good till cancelled) orders, all buying orders, or all selling orders. In addition, you can try to cancel all the orders for a certain underlying.
To make changes to a working order, right-click it and select Cancel/replace order... This will redirect you to the order entry dialog so you can modify the order.
Note: Any order can get filled or partially filled while you are attempting to take any of the above actions.
In the Filled Orders section, you can view filled orders by specifications such as execution time, price, order type, etc. Click on the View Average Fill Prices button to view average buy and sell prices of each underlying you trade during the day.
Note: The numbers of fills you receive may not be equated to the number of orders you placed. Sometimes orders are filled in pieces, called “partial fills,” which may or may not be completed in full. Note also that trades partially executed over multiple trading days may be subject to commission charges for each trading day.
Today's Option Statistics
The Today’ Options Statistics section displays the detailed options data. To view the data, click on the V-shaped icon before the section title.
You can find the following kinds of data in Today’ Options Statistics:
1. The first section to the left displays a breakdown of the chosen security’s volatility measurements. There are two data points:
- IV (Implied Volatility) is a measure of market sentiment regarding the security’s potential movement. In general, the higher the implied volatility, the higher the option’s premium.
- HV (historical volatility) attempts to measure a security’s potential price movement based upon the ranges of price movement a security has historically shown.
The first section displays the 52-week high and low of both of these volatility measurements as well as the percentile of volatility relative to that range.
The final value in this section is the VWAP, which stands for Volume Weighted Average Price. VWAP is a measure of the underlying’s price based on the number of shares or contracts traded at different prices.
2. The area in the center is Trade Analysis. This collates the records of all options trades recorded for the current date and breaks them down into useful classifications.
The three different colored columns represent sums of the rows for Calls, Puts, and the aggregated total. The following rows are shown:
- Total volume: The aggregate volume of each of these three columns for the current trading day.
- Traded at BID or below: The total number of contracts traded at or below the bid price at the time of their execution.
- % of Total: The percentage of “Traded at BID or below” relative to the total number of calls, puts, or all options traded.
- Traded at ASK or above: The total number of contracts traded at or above the ask price at the time of their execution.
- % of Total: The percentage of “Traded at ASK or above” relative to the total number of calls, puts, or all options traded.
- Between the Market: The total number of contracts traded at a price between the quoted bid and ask at the time of execution.
- %of total: The percentage of contracts traded “between the market” relative to the total number of calls, puts, or all options traded.
- Delta between: Collective deltas of all options at the time they were traded divided into quintiles. To simplify the display, the deltas of both calls and puts are shown as their absolute value for convenience if you are comparing the delta values in the puts column to the puts section of the option chain.
Note: A negative delta on the chain is equivalent to the positive value on the options statistics page.
3. The final section on the far right contains data based on Sizzle Index. Sizzle Index is a ratio of the current day’s volume for all options on the underlying against the average of those options previous five days’ volume.
In addition to the Sizzle Index, the following values are displayed in this section:
- Call and Put Sizzle Indices: These indices measure solely the volumes of that underlying’s calls and puts.
- Volatility sizzle: This index measures the underlying’s current Volatility Index against the average of the past five days.
- Stock Sizzle: This index measures the underlying’s trading volume against the average of the past five days.
- Put-Call ratio: The ratio of the underlying’s put volume to its call volume.