Retrieve Option Quotes and Greeks with QM_GetOptionQuotesAndGreeks
The QM_GetOptionQuotesAndGreeks function helps you quickly fetch real-time option quotes and fundamental Greeks (Delta, Gamma, Theta, Rho, and Vega) directly in Excel with MarketXLS. This function leverages the QuoteMedia data feed to simplify options analysis, saving you time and making your workflow more efficient.
Why Use This Function?
- Helps identify option opportunities by returning a full set of basic and advanced option metrics.
- Provides real-time Delta, Gamma, Theta, Rho, and Vega, all essential for understanding option sensitivity.
- Simplifies your Excel analysis—results are placed directly in cells, making them easy to reference or integrate with other formulas.
- Useful for traders, portfolio managers, or researchers needing up-to-date option quotes.
- Reduces manual data collection so you can focus on strategy.
How to Use in Excel
QM_GetOptionQuotesAndGreeks("SYMBOL")
- In an empty cell, type the above formula, replacing "SYMBOL" with the ticker symbol you want options data for (e.g., "AAPL", "TSLA").
- Press Enter.
- MarketXLS will connect to QuoteMedia, retrieve the detailed option data and Greeks, and then display them in your Excel worksheet.
Note: The function prints data in your worksheet below the cell where you entered the formula. Be sure to have enough space available.
Parameters Explained
Parameter | Description | Example Values | Notes |
---|---|---|---|
Symbol | The ticker symbol for which you want option quotes & Greeks | "AAPL" | Must be a valid symbol recognized by QuoteMedia |
Only the symbol parameter is required when calling QM_GetOptionQuotesAndGreeks. Under the hood, the function sets “greeks = True” automatically, so you don’t need to pass extra arguments.
Example Usage
Basic Examples
-
Retrieving Data for Apple (AAPL)
• Enter in a cell:
=QM_GetOptionQuotesAndGreeks("AAPL")
• The function will populate columns below with AAPL's option data, including last price, bid, ask, open interest, implied volatility, and all five Greeks. -
Retrieving Data for Tesla (TSLA)
• Enter in a cell:
=QM_GetOptionQuotesAndGreeks("TSLA")
• Option chain data plus the Greeks for Tesla will appear below the formula cell.
Advanced Scenarios
• Passing Different Symbols in Multiple Cells
- You can set up multiple calls (e.g., one per row) for different symbols to compare option data across various tickers.
• Handling Additional Arguments Internally
- Although not exposed in the standard formula, the underlying code can handle additional arguments (like "structured" or "inclExpired") in advanced or custom scenarios. If you customize the code to pass them to the RequestListVBA method, you could retrieve formatted chains, show expired options, or limit data to certain strike ranges.
Common Questions and Troubleshooting
• “No Data Retrieved” Error
- This might occur if the symbol is invalid or not recognized by the data feed. Double-check your symbol spelling and ensure your subscription covers that market.
• Overwriting Cells
- Be aware the results will print below your active cell, overwriting existing data. Plan your spreadsheet layout accordingly.
• License or Configuration Issues
- If your MarketXLS license is invalid or QuoteMedia is not properly configured, you may see an error. Check Settings/Help ? Data Subscriptions ? QuoteMedia to verify.
• Handling Big Option Chains
- Large option chains can create many rows. Consider placing your formula in a location with sufficient space.
• Missing Greeks or Fields
- Occasionally, certain greeks or columns may not be computed for some options (e.g., deep-out-of-the-money or illiquid options). Results depend on market data availability.
By using QM_GetOptionQuotesAndGreeks, you can effortlessly integrate real-time option quotes and Greeks into your Excel workflows, making your options analysis both comprehensive and convenient. Combine this with other MarketXLS and Excel functionalities for powerful trading or portfolio decisions.