Trading settings

Settings → Trading holds the choices that change how P&L, targets and option figures are calculated. They apply as you change them.

• Plan margin: what “% of margin” targets and stops measure. Max (default) is the most risk the trade has carried. Current is the risk now. Original is the risk after the entry fill.
• Commissions in P&L: Exclude (gross), Include (default, net of commissions paid) or Round trip (net of commissions paid and of the cost to close). It applies to every P&L in the app. The Performance tab also has an Include commissions box.
• Risk-free rate: Auto (default) uses the rate Tented’s server publishes, refreshed every six hours, and the note shows the rate and its date. Manual lets you type a percent from -1 to 25 in steps of 0.05.
• Option time: Trading (default) makes nights, weekends and holidays decay less. Calendar decays every hour alike. With Trading, Time weights chooses Chain (default, measured weights refined by the chain) or Fixed (measured weights only). Time weights is missing when Option time is Calendar; you choose only Chain or Fixed, not the weights.
• Vol model: Skew (default) moves each leg’s IV along the smile as the price moves. Sticky strike keeps IV at today’s level.

Note

Futures options always use calendar time and keep today’s IV, whatever you choose here, so Option time and Vol model have no effect on them. If the risk-free note reads “Sign in for the current rate” or “could not refresh”, Tented prices with the last rate it received, or 4% if it never received one.

How these choices change figures is in How Tented prices options and Risk graph.