Strategy Menus

If you selected New Strategy from the Option Chart menu, a new strategy is created, and its strategy menu is displayed. A new strategy’s title is, by default, a unique strategy number. The system titles strategies using the letter S and a unique number, i.e., S1, S2, and so on. By default, a new strategy’s number is incremented one whole number greater than the strategy with the highest “S unique_number” title. (You can change a strategy’s title in the Strategy Parameters menu) If no strategies exist, choosing New Strategy from the Options Menu creates Strategy S1 and displays its strategy menu, as shown in the following figure:

If you select a defined strategy from the Option Chart menu, the strategy loads and the Strategy Menu for the selected strategy is displayed. Remember, you can always look at a Strategy Menu’s title to verify which strategy you are using.

The number of selections in a Strategy menu depends on the number of options groups, or positions, you have created in the strategy. A new strategy lacks option groups, so the menu contains six selections, as shown in the figure above. (As you create groups, they become selections displayed in the Strategy Menu between the menu title and the New Group selection.)

Selection	Function
Group selections	The number of group selections corresponds to the number of groups you have created (new strategies have no groups). Selecting a group loads the group and displays the group menu.
New Group	Displays the Group Menu. When the Group Menu is displayed, you are ready to create a new options position.
Slave Strategies	Displays the Slave Strategies menu.
Clone Strategy	Clones the current strategy. Cloning is copying. This selection duplicates, or clones the strategy.
Show or Hide	Toggles the display of the strategy. The default is Show strategy, which displays the strategy in the option chart. Toggling Show removes the strategy from the chart, although the strategy is still available for display.
Parameters	Displays the Strategy Parameters menu.
Volatility Skews	Displays the Vlty Skews menu containing the current skews used by the strategy. This selection is available only if the Volatility Type field in the Parameters menu is set to Skew.
Ochart menu	Displays the Option Chart menu.
DELETE	Deletes the current strategy. This selection is protected so that it is not accidentally selected. (Selecting a protected menu selection requires you to double click the left mouse key.)
Cancel	Causes the Strategy Menu to disappear and returns you to the Option Chart menu.