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jpb

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Posts: 168

Joined: 5/11/2005
Location: Brown Deer, WI

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Subject : RE: Targeting Delta and DTE in option trade plans
Posted : 2/15/2020 2:51 PM
Post #46760 - In reply to #46759

I haven't found a way to achieve what you are looking to do in OT.

In fact, I haven't found a way to:
- properly calculate number of contracts
- select the best contract to trade based on rules
- monitor a trade in the trade plans
- reliably close a portion of the open position at various levels

Every attempt I've made with the various legs and the use of percentages results in closing more than expected and singing you from long to short, attempts to price an option at the underlying symbol price or it opens up the underlying symbol instead of the option.

My latest attempt is still in testing. I'm simply trying to get it to select the option that is in the money with a strike price as close to the current market price and has at least 40 days to expiration. I'm not having very good luck for something this basic. And I'm struggling to have Auto Trade do anything with options. AT runs but so far in the past month it has issued 0 trades even though the Focus List shows trades firing.

I'd love to hear how anyone has gotten OT to mechanically trade options.
Deleting message 46760 : RE: Targeting Delta and DTE in option trade plans


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