In options trading, your software is your battlefield radar. Many beginners open Tiger Trade (or any other app), see a wall of numbers, get overwhelmed, and place orders without even knowing the Delta.
Today, SilentXx walks you through how to spend 3 minutes adjusting settings to turn your Tiger Brokers into a professional hunter’s cockpit.
💡 Silent’s Note: This guide uses Tiger Brokers as an example, but the logic applies universally. Moomoo and IBKR users can follow the same principles.
Setting 1: Bring Back the “Missing” Greeks
The default options chain usually only shows Last Price and Change %. Fine for stocks, but for options, it is like driving without a dashboard. We need to surface the most critical parameters.
How to access: Go to the stock’s options chain → tap the settings gear or ”…” in the top right → Field Settings / List Items.
Hunter’s recommended layout (in order):
- Last Price — see the price.
- Delta (Δ) — Most important! This is the core basis for choosing strike prices (sellers typically target Delta 0.2–0.3).
- Implied Volatility (IV) — judge whether the option is expensive.
- Open Interest — check liquidity. Do not touch options nobody is trading.
Put these four on your first screen. One glance tells you whether the trade is viable.
Setting 2: Enable “Probability Mode”
This is a hidden feature many experienced traders do not even know about. Modern platforms like Tiger Brokers can display Probability of ITM (In The Money).
Why enable it? Instead of guessing “will this stock break $100?”, look at the data. Once enabled, the chain shows a percentage next to each option. For example, a 100 Put might show Prob. ITM 15%. This means: the market believes there is only a 15% chance the stock falls below $100 by expiration. Your win rate as a seller is 85%. This data is far more objective than any chart analysis.
Setting 3: Default Order Type to “Limit Order”
This is the key setting that prevents you from getting ripped off. Options liquidity is nowhere near stock liquidity. Some options have a Bid of $1.00 and an Ask of $2.00 — a massive spread.
If you use a Market Order:
- The system might buy at $2.00 or sell at $1.00.
- That is a 50% slippage loss on entry and exit combined.
Hunter discipline: In your trading settings, change the default options order type to Limit Order. Every time you place an order, manually enter a price between Bid and Ask (e.g., $1.50) and let it fill gradually. Never trade in this market without regard for cost.
Final Word
Tools are dead. People are alive. But good tool settings can filter out 80% of the noise, letting you focus only on the numbers that matter. Now, pick up your phone and check — is your battle radar properly configured?