# Option Chains



### Overview

The _Option Chain_ widget offers a way to import real-time market data for Option Contracts directly into the dashboard. This data can then be used by other widgets, such as _Black Scholes_ or _Strategy Builder_, to perform calculations and visualizations based on the latest market information. This functionality allows users to stay up-to-date with market movements for developing trading strategies or analyzing Option Contracts.

### Accessing the Widget

The widget can be found under Live Data. Then the desired platform (Deribit, Bybit, etc.) can be chosen by a click.

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2FuPqdmChBHbbBTTTZ0Y5x%2FOption%20Change%20Access.png?alt=media&#x26;token=3d0c4674-6807-42b3-8ae5-d66c8f33e276" alt="" width="377"><figcaption><p>Option Chain</p></figcaption></figure>

[_Launch the App_](https://oss.thales-mfi.com/)

### Choosing an Option

On the selected Option Change the expiry can be chosen.

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2F9tORAT8JJRXtVBHhGVEC%2FOption%20Chain.%20Expiry.png?alt=media&#x26;token=2bb729cf-b433-46c6-ab9c-83dfaedd7f94" alt=""><figcaption><p>Choosing the Expiry</p></figcaption></figure>

By choosing the market and then the specific Option, its widget appears and ready to export its live data to a receiving widget.

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2F5aIp0X3zmSEFxaqOWYyT%2FOption%20Chain.png?alt=media&#x26;token=db295a75-47ac-41f7-8cca-618663b74ad7" alt=""><figcaption><p>Desired Option contract can be chosen by double click.</p></figcaption></figure>

[_Launch the App_](https://oss.thales-mfi.com/)

### Connecting the Option to another Widget

Now the selected Option data can be exported out to another widget such as _BS_, via its _outlet_:

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2FIfLfiq4ASouSKlF4pVlB%2FOption%20Chain%20Export.png?alt=media&#x26;token=8c45340e-9f5f-4462-8011-ecd6f1f3ba18" alt=""><figcaption><p>Exporting the live data of the chosen Option contract to another widget via the sockets.</p></figcaption></figure>

Option Widget can be exported to multiple widgets.

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2FSJFI3utrccbqkWSty53y%2FOption%20Chain%20Multiple%20Export.png?alt=media&#x26;token=a21ee65c-9206-4a4e-b23f-062f08f1af9c" alt=""><figcaption><p>Exporting Option to Multiple widgets</p></figcaption></figure>

[_Launch the App_](https://oss.thales-mfi.com/)

### Features

The data of the selected Option is Live, i.e. it updates the data of the Option in real time. The pulsing green circle together with the time display, show that it is getting updated (see the image below).

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2Flr9daoODgeHT4xTm1V9c%2FOption%20Chain%20Live%20Data.png?alt=media&#x26;token=fab5d491-4ec3-4a6f-acca-a5686e984dc5" alt="" width="563"><figcaption><p>Option data is updated in real-time. </p></figcaption></figure>

Based on the preference of the user, one of the prices of the Option can be selected: Best Bid price, Mark Pirce, or Best Ask Price. This helps the user to get more appropriate data according to their conditions.

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2F62Dp654FvBekinSq40TM%2FOption%20Chain.%20Choosing%20Price.png?alt=media&#x26;token=01fdf15b-7d02-4120-9b27-90c58f1bd3f3" alt="" width="563"><figcaption><p>Selecting the most appropriate price of the market</p></figcaption></figure>

[_Launch the App_](https://oss.thales-mfi.com/)

The Option price can be displayed in either Bitcoin (BTC) or US Dollars (USD) according to your preference. A designated toggle button within the application interface allows you to switch between these two currency options.

<figure><img src="https://2274672748-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLxoTgQmpmRHyiptQrHhG%2Fuploads%2FKfXWrVw6Ij9OaI7W9ZaN%2FOption%20Chain%20Btc%20Usd.png?alt=media&#x26;token=249223f6-d0f5-4489-bc32-9a01219779ba" alt=""><figcaption><p>Option Price can be shown on BTC or USD.</p></figcaption></figure>

[_Launch the App_](https://oss.thales-mfi.com/)
