Modeling – "Starting Price" and "Current Price" should be per share
Brian Chia
In modeling, a trade's Starting Price (input and display) is currently the full debit or credit in whole dollars for the entire trade (regardless of how many contracts are specified per leg). The trade also shows the Current Price in whole dollars for the entire trade.
In order to remain consistent with typical options chains, could both the Starting Price (input and display) and Current Price (display) be changed to accept dollars and cents
per share
? For example, if I sell 2 puts at $0.75 credit, I should be able to use Qty 2 and credit of $0.75. OO will then know this is a total credit collected of $150. For ratio spreads, take the base ratio or the smallest irreducible ratio (e.g. -3/+5 is priced in it's entirety, whereas a -3/+6 ratio would be priced as a -1/+2 with 3 lots, or a +2/-6/+4 unbalanced fly would be a +1/-3/+2 with 2 lots). This is consistent with how most trading platforms handle ratio spread pricing.