tastyworks desktop version 1.8 7/15/2020
tastyworks desktop version 1.8 debuts a new trading mode in the Trade tab: Grid mode! You can now place orders for stocks, ETFs, outright Smalls contracts, and outright futures using the Grid mode.
Do you base your trading decisions on a chart? Well, you can now take that one step further with the Grid mode in the Trade Tab. You can display multiple charts and underlyings when using Grid mode. To take that one step further, you can also and line up trades within the chart when using Grid mode.
To access the Grid mode in the desktop trading platform, proceed to the Trade tab, then select click the Grid button or select Grid from the Trade Mode dropdown menu. To learn more about the Grid mode, please visit the How do I place a trade in Grid mode article.
tastyworks desktop version 1.7 5/27/2020
tastyworks desktop version 1.7 features several new additions and improvements. Some notable additions include platform font size customization, setting default profit and loss percentages for bracket orders, and a number of Pairs Trade mode improvements. Also, portfolio margin (PM) account holders now have expanded Cap Req reporting.
Platform font size adjustments
You can now adjust the platform's zoom factor to increase or decrease the size of any displayed text on the desktop trading platform. To learn more about changing your platform's display zoom settings, please click here.
Default Profit/Loss % Setting for Bracket Orders
Do you regularly use bracket orders and have a set profit and loss percentage that you often use? You can now set default Profit % and Stop Loss % for stocks/ETFs, single-leg options, and outright futures. To learn more about setting a default percentage for bracket orders, please click here.
location of default profit target % and stop loss %
Pairs Trading Improvements
Futures Notional Value
Do you regularly perform outright futures pairs trades? If so, and you wanted to view the notional value instead of the contract's spot price, you now have the option to view the notional multiplier for futures in Pairs Trade mode. To learn how to enable the notional multiplier for futures, please click here.
List of Preset Pairs
Included in this update is a list of preset futures, Smalls, and stocks pairs trades (orange arrow). Pairs trades listed in the Presets list are approximately equal in notional value and serve as a reference. Smalls trading will be available on June 1, 2020.
Expandable Pairs Chart Viewing Options
Pairs Trading mode now includes expanded chart viewing options. You may enlarge the chart by clicking the expand icon (orange box) and choose between a one-day, one-month, or one-year chart (yellow box).
example of expanded pairs trading mode chart and location of various chart intervals
Expanded Capital Requirement (CAP REQ) Reporting for PM accounts
PM accounts can see the Regulation T (standard margin) or PM capital requirements for open positions. A Reg T column will only appear to the right of the Maintenance column for PM-enabled accounts. The numbers listed in this column serve as a reference to what the capital requirement would be if the account did not have PM. To learn more about Cap Req, please click here.
tastyworks desktop version 1.6 5/11/2020
tastyworks desktop version 1.6 features three new additions to the desktop trading platform.
- Pairs Trading Mode
- One-click outright Futures Rolling
- IVR Chart Indicator
During this initial release, you can view and cancel any working futures rolling order or pairs trade in the web browser platform or mobile platform. However, you cannot replace or edit any working futures rolling and pairs trade at this time.
Got a hunch behind two underlyings that you believe trade opposite of each other? Well, now you can quickly line up a pairs trade by going to the Trade Tab and selecting the Pairs Trade Mode. You may line up a stock, ETF, or outright futures trade when utilizing the Pairs Trade Mode. To learn more about the Pairs Trade Mode, please click here.
Location of Pairs Trade Mode
To access the Pairs Trade Mode, navigate to the Trade Tab then click PAIRS, as illustrated below. The Pairs Trade Mode modal will appear after clicking.
Pairs Trade Mode, expanded
Within the Pairs Trade Mode, you can save pairs (orange arrow), or you can view a combined 1 Day:1 Year chart of both underlyings (green arrow). Furthermore, you can quickly enter the desired quantity to long and short, the price action of both underlyings, check and see if you have any existing positions, as well as the IV Rank and IV Index.
Outright Futures Rolling
Now, you can quickly roll any outright futures contract to the next cycle in one click. To line up an outright futures rolling order, go to the Positions tab, locate the outright futures position, right-click and select Roll Futures. To learn more about rolling outright futures contracts, please click here.
IVR Chart Indicator
You can now chart IVR beneath the price chart by adding it as an indicator in the Chart tab. To view IVR on a chart, add (tw) IVR from the Indicator menu. To learn more about IVR charting, please click here.
Location of (tw) IVR chart indicator in the Chart tab's Indicator menu
The (tw) IVR indicator added to a chart
tastyworks desktop version 1.5.4 03/30/2020
The tastyworks desktop version 1.5.3 includes a couple of minor additions to the platform including:
- Small Exchange Watchlist
- individual Underlying Trading Halts and Market-wide Halts
- Viewing Implied Volatility Rank (IVR) on a chart
Small Exchange Watchlist
Although the Small Exchange has not officially released for live trading, you can see the live quotes of their current lineup in the Small Exchange Cash Indicies built-in watchlist.
To learn more about other Built-in Watchlists, including more details about the Small Exchange products, please click here.
Individual Underlying Trading Halts and Market-Wide Halts
As volatility picks up, market-wide halts can become more commonplace. The platform will indicate whenever there is a market-wide halt or a halt to a specific underlying. To learn more about trading halts, please click here.
Individual Underlying Halts
Individual stocks or ETFs that face trading halts will now be indicated with a red HALTED icon wherever the symbol displays.
Market-wide Trading Halts
In the event of a Market-wide trading halt, the platform will display a pop-up when you hover your cursor over the halted icon, as illustrated below
Viewing IVR on a Chart
You can now view the historical IVR of an underlying by going to the Chart tab in the desktop platform or when viewing an enlarged chart in the Web-based platform. To see the historical IVR chart of any stock or ETF type the symbol and add .IVR to the symbol. For example, to see the IVR of SPY on a chart type SPY.IVR into the symbol field, as illustrated below. To learn more about IVR charting, please click here.
tastyworks desktop version 1.5.1 2/19/2020
tastyworks desktop version 1.5.1 includes several new additions. Features include the ability to view the ex-dividend date in the center Watchlist Tab, as well as quickly see where the ex-date lies when viewing an options chain in the Table Mode, similar to the way an upcoming earnings announcement displays. The center Watchlist Tab also includes expanded IV Rank filtering, namely, the ability to filter for IVR less than 0 and greater than 100. Are you confused about how IVR can be less than 0 or higher than 100? Well, continue below to learn more. Lastly, if you like to export your Positions to a CSV, then it now includes IV Rank when you add the column to your Positions Tab.
Ex-Dividend Date Display
Similar to the way an upcoming earnings date displays in the Table mode, upcoming ex-dividend dates (when published) will display as a blue line above the options expiry the ex-dates falls in, as illustrated below. This can be especially helpful when determining dividend risk. To learn more about dividend risk, please click here.
Ex-dividends dates also display in all watchlists of the desktop trading platform. Before, the ex-date only displayed in the right-hand sidebar, but now you may add the Dividend At column to your any of your watchlists to view any upcoming ex-dividend dates. Remember, dividends are not paid out on the ex-date. Instead, it is when the stock trades without the dividend. To learn how to add or remove columns, please click here.
IV Rank Filtering in the Watchlist Tab
The Watchlist tab now includes expanded IV Rank (IVR) filtering capabilities. You may now filter for stocks or ETFs with an IV Rank less than 0 or greater than 100. To learn how to screen or filter for stocks/ETFs in the Watchlist tab, please click here.
Are you wondering how IVR can be less than 0 or higher than 100? In short, IVR can be less than zero when the low for IV gets tested intraday. Conversely, IVR can be greater than 100 when the high for IV gets tested intraday. That said, IVR will reset back to the 0-100 range since a new high or low is established as long as the high or low does not get tested again. To learn more about this, please click here.
IV Rank in Position Export (CSV)
Do you have a knack for spreadsheets, but were clamoring for the IV Rank of your positions? If this sounds like you, then clamor no more. IV Rank now exports with your Position CSV (spreadsheet) export, as long as the IV Rank column is added in your Positions tab. Please note that exported data is not live and will only include the displayed data at the time of export.
tastyworks desktop version 1.5 1/13/2020
Aside from the usual back-end improvements, version 1.5 for the desktop trading platform includes an option for customers on a managed network (corporate or public) to sign into their platform by ignoring their systems proxies. In other words, just another way to stick it to the man so that you can log in to the desktop platform! However, if you do not have any issues logging in with the network you're on, then you won't need to use this.
Expanded Advanced Options for Logging In
If you're one of the few customers who cannot log into the desktop trading platform due to permission settings by the network administrator, then you have one last resort to Ignore System Proxy Configuration to see if that gets you through. After launching your platform, click Advanced Options below the Sign In button. To learn more about this, please click here.
tastyworks Android v1.9 & iOS v1.12 1/9/2020
tastyworks Android version 1.9 and iOS version 1.12 now features the ability to view, revise, and cancel any of your working bracket orders in a neatly encapsulated window similar to the desktop trading platform. Additionally, you can now see the Trade Info of any order lined up in the order ticket during order entry.
Viewing Bracket Order Details
If you have any working bracket orders (OTOCO or OCO) then you can now view the entire order on one screen through the Activity tab to make adjustments or cancel any portion. To learn more about viewing working bracket orders on your iOS device, please click here.
Trade Details During Order Entry
Similar to the desktop and web browser trading platform, you can now quickly view the max profit (Max P), Max loss (Max L), POP, etc. position that you have lined up in your order ticket. For further instructions, please click here.
tastyworks desktop version 1.4 12/9/2019
tastyworks desktop version 1.4.X features the option to give your account a nickname! By default, your account is labeled by your account type, for example, Roth IRA. However, if you want to name it something else, then have at it by logging in to your account tastyworks.com. For instructions on how to change your account nickname, please click here.
Example of nicknamed account:
After giving your account a nickname at tastyworks.com, it will reflect on your platform after restarting it. Below is an example of an Individual account nicked named to $Maker.
Ex-Dividend Date Column in the Positions tab
Furthermore, we've also added the ability for you to view the ex-dividend date as a column in the Positions tab. If any of your stocks or ETFs pay a dividend, then an ex-dividend date will list. To learn how to add Ex-Dividend Date as well other columns to your Positions tab, please click here.
Viewing the Beta-Weighted Delta of an Order
Lastly, you may now view the beta-weighted delta of a trade lined up on the order ticket. To view, just click Delta and it will interchange from the raw delta to its beta-weighted delta. To learn more, please click here.
tastyworks desktop version 1.3 12/2/2019
tastyworks desktop version 1.3.X features the long-awaited bracket orders–namely One Triggers a One Cancels Other (OTOCO) order and One Cancel Other (OCO) order. OTOCO's are utilized when establishing a new position, while OCO's are used on existing open positions. You may use bracket orders on stocks/ETFs, single-leg equity/ETF options, and outright futures (including micros). For an instructional video and detailed write-up on how to set up a bracket order, please visit our "How to Set Up a Bracket Order" help article by clicking here.
Example of OTOCO Order Setup
Example of OCO Order Setup