Section 5

Detail

Detail is the deep dive into one option contract or stock, with full context of the trade action you're considering or working on.

1. Security and contract heading

   Identifies the stock or option. Options display expiration, strike, put or call, percentage in or out of the money, and days to expiration (DTE). Stocks display company name and quote information.

2. Action

   Selects the applicable workflow: e.g., open a new position, close an existing position, etc. Only valid actions for the selected instrument or position are shown.

3. Info Popup

   Provides more detailed metrics and attributes for the given instrument or position.

4. AI analysis

   Requests an AI fundamental analysis of the contemplated action, where the AI agent is fed full portfolio context.

5. Charts

   Different charts are available here depending on the context of which instrument is in focus, and what action is selected. All views provide an ordinary stock price history chart as displayed here (though can display different markings based on the trade context -- if it does, these will be explained in the chart legend). Other charts (not shown) provide strength of correlation of the given stock with all 11 sector ETFs (to help guide diversification actions), as well as a view of prospective exposures if the contemplated trade is executed.

6. Exercise probabilities

   Five independent views on whether the option will finish in the money, and therefore be exercised.

   • Implied volatility. This method is based on what the implied volatility predicts for the stock's movement from now to expiration. There are separate formulas for puts and calls; they use the same mathematical framework as the Black-Scholes option pricing equation:

     Put: Φ(−d₂), where d₂ = [ln(S/K) + (r − 0.5σ²)T] ÷ (σ√T)

     Call: Φ(d₂), where d₂ = [ln(S/K) + (r − 0.5σ²)T] ÷ (σ√T)

   • Delta. This method uses the (absolute value of the) quoted delta directly. Absolute Delta is widely used as a practical proxy for exercise probability. While not theoretically exact, it offers a reliable, industry-standard rule of thumb.
   • Recent 3 years. This method tallies how often the relevant size move actually did occur in this stock's recent 3-year history.
   • Recent 20 years. Same as "recent 3 years", except for the recent 20-year history.
   • Stress or surge period. This method performs the 3-year sampling method repeatedly on a sliding 3-year window across 20 years of history, identifying the highest exercise probability that any such 3-year sampling calculates (and additionally noting the start and end dates of that identified period). For put options, this can be loosely described as "the worst 3-year period in the last 20 for moves of this size by this stock." For call options, it's "the best 3-year period in the last 20 for moves of this size by this stock." The opposite direction and meaning of these statements is why the identified period is called the "stress period" for puts, and the "surge period" for calls.

7. Trading context, metrics, and controls

   The bottom section of the detail screen contains context-specific metrics of particular value for finalizing the trade decision in focus, along with trade sizing and execution controls. The following sections detail the metrics for some of the more common contexts that occur within this screen.

   Where the broker supports it, actual trade execution (submitting and amending market or limit orders) can occur from this YieldGen screen. Where the broker does not support this, YieldGen will at least guide the user on permitted quantity of the specified trade, and then will summarize the exact trade the user must enter directly on their broker screen. In the latter scenario, YieldGen will pick up any pending orders or new positions in the next portfolio refresh from the broker.

   See the broker configuration screen within settings for which brokers support trade execution, and which support live intraday portfolio refreshes (vs. next day).