Analyzing options trades effectively requires tracking key time-related metrics. Recently, three new columns have been added to TraderLog to help with this: Duration, DTEO (Days Till Expiration on Open), and DTEC (Days Till Expiration on Close). These provide critical data points for options traders.
What Do These Columns Mean?
- Duration: This column displays the number of days a trade was held, from entry to exit. It gives you a clear picture of how long you held a position.
- DTEO (Days Till Expiration on Open): This shows the number of days remaining until the options contract’s expiration at the time you opened the trade. It shows you the time remaining when you began the trade.
- DTEC (Days Till Expiration on Close): This shows the number of days remaining until the options contract’s expiration at the time you closed the trade. It shows you the time remaining when you ended the trade.
Why Are These Columns Important for Options Traders?
These columns provide critical insights into the time-sensitive nature of options trading. By viewing duration and DTE data alongside your other trade metrics, you can:
- Analyze the impact of time decay on your trades.
- Evaluate the effectiveness of your chosen expiration dates.
- Identify patterns in your holding periods and their impact on profitability.
- Improve your overall options trading strategy.
How to Add These Columns to Your TraderLog Journal
Adding these columns to your TraderLog journal is simple:
- Locate the Settings Icon: In the upper right-hand corner of your trade table, you’ll find the settings icon (usually a gear or cog icon). Click on it.
- Open the Edit Columns Modal: A modal window titled “Edit Columns” will appear.
- Add and Organize Columns: Within this modal, you’ll see a list of available columns. Simply select “Duration,” “DTEO,” and “DTEC” to add them to your table. You can then drag and drop the columns to arrange them in your preferred order.
- Save Your Changes: Once you’re happy with the column arrangement, save your changes.
If you’re looking for a powerful and user-friendly trading journal to track and evaluate your trades, consider exploring the features and tools offered by TradeLog. If you’re not already using our platform, sign up today to take advantage of this and many other tools designed for traders like you.
