PositionBook was designed and built by experienced commodity traders to
fill a significant void in the commodity/risk management software
market. As traders, we were searching for a user-friendly package that
would allow us to enter any combination of positions (actual or
hypothetical) and quickly examine the risk/return tradeoffs associated
with those positions. PositionBook fills this void by allowing the user
to enter any number of futures, options and cash positions and analyze
them either as individual strategies or as an entire book. This gives
the user the ability to take a number of individual positions and
quickly quantify their net exposure to changes in commodity prices,
implied volatility, time and other factors.
PositionBook has a built-in "auto-link" feature that allows the user to
easily link positions to real-time futures and options quotes from
Reuters, CQG, Bridge Station and ProphetX. This allows for real-time
updating of prices, P&L’s, implied volatilities and other
option pricing parameters such as delta, gamma, theta and Vega.
PositionBook presents these powerful analytical tools in an intuitive
and user-friendly fashion.
Authorized clients click here to download PositionBook.
Position Entry -
Options
Positions can be entered either manually, or using the position entry
wizard.
Position Entry –
Futures
This module allows for the entry of futures positons.
Option Greeks
PositionBook presents the option "Greeks" in a user-friendly and intuitive
fashion. For example, time decay is measured in dollars per day.
Comparison of Alternative
Strategies
PositionBook allows you to compare alternative strategies – for
example this screen compares the characteristics of a long call, collar and
vertical call spread for corn.
Scenario or "What if"
Analysis
PositionBook allows for a wide range of scenario analyses. For example,
you can over-ride parameters such as the underlying futures price to
determine the impact on your P&L. You do this by comparing the actual
P&L to the "with over-ride" P&L.
Charting
Features
You can chart either your entire position, or individual components. The
charting features include P&L vs. Price, P&L vs. Implied
Volatility, Delta vs. Price and Theta vs. Price. Shown below is the chart
for P/L vs. Price.
DISCLAIMER
This information is not to be construed as an offer to sell or a
solicitation or an offer to buy the commodities herein named. The factual
information of this report has been obtained from sources believed to be
reliable, but is not necessarily all-inclusive and is not guaranteed as to the
accuracy, and is not to be construed as representation by R.J.O'Brien & Associates. The risk of trading futures and options can be substantial. Each
investor must consider whether this is a suitable investment. Past performance
is not indicative of future results.
