This article will guide you through how to access and use the Trade Summary page for your options trades.

To view the Trade Summary for a specific trade, you can either click the “Trade Summary” link located at the bottom of the option’s tile card or navigate to the “Trade Summary" link found under the More drop-down menu on the Asset Details page.

The Trade Summary page provides a detailed overview of your trade, helping you analyze performance and make informed decisions with ease.

Trade Summary Details

• Option Ticker - Clicking this link takes you to the Asset Details page for the options trade (1).
• Underlying Ticker - Clicking this link directs you to the Asset Details page for the underlying asset (2).
• Strategy - Allows you to toggle between our TradeSmith strategies and base options (options not following our algorithms).
• Trade Details (4):
• • Action - The action that opens the trade.
  • Quantity - Number of contracts.
  • Type - Put or Call option.
  • Expiration Date - The contract’s expiration date.
  • Strike Price - The set price at which an option contract allows you to buy or sell the underlying asset, such as a stock.
  • • Call Option: The strike price is the price at which you can buy the stock.
    • Put Option: The strike price is the price at which you can sell the stock.
  • Entry Price – Displays the contract’s entry price. (We use the bid price for sells and the ask price for buys).
• Best & Worst Case Scenarios – View potential outcomes for this trade (5).
• Options Strategy Overview - Displays key metrics to follow (6):
• • Options tile card
  • Fair Value graph
  • Underlying Asset indicators (Health status, trend, risk, cycles, next earnings)
  • Key Statistics

Trade Summary Details

At the bottom of the Trade Summary page, you’ll find a section that shows whether your options trade aligns with your Trade Entry Checklist. This feature helps you stay disciplined and follow the rules of your trading plan.

If the trade doesn’t meet all your checklist criteria, you might choose to explore other opportunities. On the other hand, if most of the criteria are met, you may decide the trade is strong enough to pursue.

TradeSmith provides industry-standard checklists tailored to each strategy, but you also have the flexibility to create your own. To build a custom checklist, click the "Checklists Management” link or use the Checklist drop-down menu and select “Add New Checklist."

Additionally, at the bottom of the Checklists window, you can easily add the options trade to a manual portfolio or a basket watchlist, helping you stay organized and track your trades more effectively.

*Note—The tabs and features you see on your TradeSmith Finance site will vary based on your subscription(s) and subscription level(s). The pictures in our Education Center articles are taken from a TradeSmith Platinum account.