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OmniTrader Archives OmniTrader 2016 Technical Support PutVal and CallVal Parameters		Last Activity 7/12/2021 11:35 AM 5 replies, 1826 viewings

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EYEGUY

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Subject : PutVal and CallVal Parameters
Posted : 11/21/2016 7:52 AM
Post #38446

Support:

I would greatly appreciate it if you could provide explanations for the PutVal and CallVal parameters in OmniTrader:

There is no explanation for the parameter in the Option Module manual.

Thanks,

Tom Helget

[Edited by EYEGUY on 11/21/2016 7:53 AM]

Attached file : What Are The Parameters in the Call Value.PNG (47KB - 568 downloads)

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Barry Cohen

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Subject : RE: PutVal and CallVal Parameters
Posted : 11/21/2016 11:12 AM
Post #38459 - In reply to #38446

Look on page 9-10 of the OptionTrader User Guide for the indicators.

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EYEGUY

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Subject : RE: PutVal and CallVal Parameters
Posted : 11/21/2016 11:58 AM
Post #38460 - In reply to #38459

Barry:

While pages 9-10 of the "Option Trader User Guide" does give a brief description of the Put Value and the Call Value there is no reference whatsoever to the Parameter Inputs of these Indicators.

What happens when "In the Money" is checked?

Does "Strike" refer to the next strike up or down? In the case of Put Value Up if "In the Money" is checked and Down if "In the Money" is not checked?

The Expiration parameter - is that in days to expiration?

And, here is the biggest mystery to me (I really don't know much about options) what in the heck is "Roll" and what are it's units of measurement - days maybe?

Thanks, any assistance you can provide would be appreciated.

Tom Helget

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Roland van Giesen

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Subject : RE: PutVal and CallVal Parameters
Posted : 7/11/2021 5:38 PM
Post #48219 - In reply to #38460

Hi Tom, can you help me with the answer to the already outdated question on Callval settings? I tried a lot, but didn't find any correlation to the option chain values so far....assuming that you received an answer on your question, of course.
Thanks in advance
Roland van Giesen

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EYEGUY

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Subject : RE: PutVal and CallVal Parameters
Posted : 7/11/2021 5:43 PM
Post #48220 - In reply to #48219

Roland:

Yeah, that still is a bit of a mystery.

Hopefully in "resurrecting" this thread maybe Barry or some other knowledgeable person with give a clear explanation of the parameters.

Tom Helget

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Barry Cohen

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Subject : RE: PutVal and CallVal Parameters
Posted : 7/12/2021 11:35 AM
Post #48224 - In reply to #48220

This is what I was able to find out...

The indicator returns the historical close price for the option model. If “In the money” is checked (unchecked), then it’s N strikes up (down). Expiration & roll are in days. Roll is how far out you pick the contract for calculations. All parameters are the same in OptionFinder & throughout the option model.

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