Can anyone help me here. On Dan's presentation of how to ener the data on this form from TOS, He said he uses 10 DTE for this field entry, but I couldn't catch if he was actually setting the Day Step Value to 10, or setting the value to a setting that would show 10 DTE in the Value Box in the lower left hand corner of the Risk Profile Chart.
This approach is used to estimate the possible loss at 3.5% down in only 10 days. So, set the day step window to 10 as you have shown above (using +2, +3, or +4 @ day step for the number of lines you wish to see) and then read the value on the line which corresponds to 10 DTE at the value of SPX equivalent to 3.5% down. If the criterion is NOT met, then your short strike is probably too close to the money.