The Portfolio Manager - "Built for Option Traders"

OptionVue 5's Portfolio Manager module is comprehensive portfolio management system designed for option traders.

• Track an unlimited number of accounts
• Track all open positions from one screen
• Comprehensive record keeping and reporting
• Detailed performance analysis

The Status window provides a detailed summary of each account and displays critical information pertinent to successful portfolio management.

Current positions are displayed in spreadsheet format that can be fully customized from the choice of 21 fields. Multi-legged positions can be grouped as net positions and previously realized gains can be displayed for rolling transactions.

Settings allow the inclusion of previously defined “slippage” and whether to include the closing transaction commission when determining current valuations.

Portfolio Delta, Beta and Theta

The Status window can be a very powerful tool to help you manage and balance portfolio risk. Many portfolio managers attempt to maintain delta-neutral portfolios to reduce the risk caused by price fluctuations. OptionVue 5 normalizes Position Delta to an index so traders can effectively determine the appropriate hedge.

OptionVue 5 calculates a “Beta-adjusted Delta” relative to the choice of 5 underlying indices. Column 12 in the Status window shown above displays the "Asset Delta" in terms of the underlying security. Column 13 displays the beta-adjusted "Portfolio Delta" in terms of the SPX index contained in the drop-down box as the "Beta/Delta Base".

The last cell in the center column of the Summary section at the top of the Status window displays the "Net Portfolio Delta" in terms of the SPX index, indicating how long or short the overall portfolio is relative the SPX index.

Note** The Portfolio Manager "screen shots" display the actual results of the model portfolio managed by OptionVue Research and Advisory Service, June 1, 2002-August 28, 2003.