Options trading in Questrade Edge Web

Looking up an option quote (sometimes called an option “chain”) using the Edge web platform is easy. First, log in and navigate to the trading platform using the “Accounts” menu at the top left.

Then, click the Options button from the left navigation menu, and enter the ticker symbol of the underlying asset. You can also toggle between Stock (STK) and Option (OPT) in the main symbol lookup window.

1. At the top of the page, you’ll see a simplified level 1 quote with important information about the underlying asset like the Bid, Ask, Volume and change in price.
2. The menu on the left allows you to switch between viewing single-leg options (buying or selling a call or put), or complex multi-leg options strategies which involve combining different types of options or stock ownership.
   • Check out this article on Option levels for more information about the different types of strategies available.
   
3. The menu here allows you to switch between viewing different expiration dates.
   • You can choose to view only options expiring soon (near), in a long time (far),  All expirations, or a select date.
4. The Edit columns button on the top right allows you to change the default columns of information displayed here in the options quote table.
   • By default, you’ll see the Bid, Ask, Last traded price, Change in $, Volume, Open interest, and Implied volatility.
   • The additional columns available are: Ask size, Bid size, Change in %, and the various Options “Greeks”:
     • The “Greeks” (Delta, Gamma, Rho, Theta, and Vega) are explained in more detail in the section down below.
5. You can also choose to change how many Strike prices are shown in the quote table below.
   • You can view any amount from 4-9, or choose to view All strike prices
   • Please note: If you choose All strike prices, and All expiration dates, depending on the speed and performance of your computer, you may experience slowdowns due to the amount of information streaming and processing in the background.

You can also click on the Calls or Puts buttons at the top of the table to show only that type of option.

Let’s take a deeper look at the options quote table:

With the default view, Calls are shown on the left, and Puts are shown on the right side.

Options highlighted in green are considered to be In-the-money, in this example, SPY’s price per share is $452.73.

1. On the top left, we’ll see the expiration date for the 4 strike prices shown.
2. On the top right, we’ll see the amount of days left until expiry.
3. Click on any of the Bid or Ask prices to quickly add this specific option to your order entry screen on the right side.
   • Clicking the Bid or Ask will set up a limit order with that specific price.
4. Click on any of the rows in the table to view a detailed quote for that specific option.
   • In this example above, clicking would bring up a quote for the $453 Put expiring Sept 1 ‘21.

You can also expand, or hide specific expiration dates from the table by clicking on the blue arrow on the left beside the expiration date.