Buttons and Fields in the Volatility Surface

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Buttons and Fields in the Volatility Surface

The following buttons and fields appear in the Volatility Surface page:.

Table 1: Buttons and Fields in the Volatility Surface Page
Button/Field	Description
Chart	Lets you display a chart that shows by how many basis points per unit the SuperDerivatives’ price is higher than the TV price. The TV price is the price calculated using Black-Scholes and a flat volatility surface, that is, the ATMF volatility. It shows this for a range of strikes.
Export	Lets you export the displayed volatility surface to an Excel spreadsheet.
Refresh	The Refresh button: Reloads real-time market rates (for the underlying, ATMF volatility, the 25 Delta collar and the 25 Delta strangle) and automatically recalculates the volatility surface accordingly. Reactivates the automatic feed of these market rates (if this had previously been frozen by the user changing the market data used in this page by editing the market data in the Term Structure page).
Close	Closes the page without saving any of the changes made.
Commodity	Lets you set the commodity for which the volatility surface is displayed. You can select the commodity from the dropdown list or use the autocomplete functionality.
Trade date	Lets you define the trade date for which the volatility surface is displayed.
Nearby Contract Nearby future 3MT Spot	Lets you change the price of the underlying used in calculating the volatility surface. Which title is displayed depends on the current commodity displayed.
Exchange <> Selected toggle button	Lets you define whether the tenors displayed are exchange dates or system-selected dates. For more information on selecting which tenors and maturities are used click here.
Maturity	Lets you define the individual dates (or maturities) used from the list available for the chosen set of tenors (either exchange dates or system-selected dates). For more information on selecting which tenors and maturities are used click here.
Term Structure	Opens the Term Structure page for this commodity. Changes made in this page will affect the Volatility Surface page for this commodity for this session only. However, changes made in this page will not affect the term structure used to price this commodity in the pricing pages.
% Change of Forward Delta Exchange Strikes (European) Exchange Strikes (American)	This dropdown list lets you change the mode of display for a volatility surface.