Module: IB::Volatility

Extended by:
OrderPrototype
Defined in:
lib/ib/order_prototypes/volatility.rb

Overview

module OrderPrototype

Class Method Summary collapse

Methods included from OrderPrototype

aliases, alternative_parameters, defaults, optional, order, parameters, requirements

Class Method Details

.aliases ⇒ Object 



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# File 'lib/ib/order_prototypes/volatility.rb', line 17

def aliases
  super.merge volatility: :volatility_percent
end

.defaults ⇒ Object 



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# File 'lib/ib/order_prototypes/volatility.rb', line 8

def defaults
  { order_type: :volatility, volatility_type: 2 }  #default is annual volatility
end

.requirements ⇒ Object 



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# File 'lib/ib/order_prototypes/volatility.rb', line 13

def requirements
  super.merge volatility:  "the desired Option implied Vola (in %)"
end

.summary ⇒ Object 



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# File 'lib/ib/order_prototypes/volatility.rb', line 21

def summary
  "  Investors are able to create and enter Volatility-type orders for options and combinations \n  rather than price orders. Option traders may wish to trade and position for movements in the \n  price of the option determined by its implied volatility. Because implied volatility is a key\n  determinant of the premium on an option, traders position in specific contract months in an \n  effort to take advantage of perceived changes in implied volatility arising before, during or \n  after earnings or when company specific or broad market volatility is predicted to change. \n  In order to create a Volatility order, clients must first create a Volatility Trader page from \n  the Trading Tools menu and as they enter option contracts, premiums will display in percentage \n  terms rather than premium. The buy/sell process is the same as for regular orders priced in \n  premium terms except that the client can limit the volatility level they are willing to pay or receive.\n  --------\n  Products: FOP, OPT\n  HERE\nend\n"