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jpb

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

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Subject : RE: Targeting Delta and DTE in option trade plans
Posted : 2/19/2020 3:55 PM
Post #46770 - In reply to #46763

Mel & LD,
Thanks for sharing your experience with options trade plans.

I'll go back over my settings and see if I can find out what I'm doing wrong. I did discover the search and settings at the bottom of the order definition tab and that has helped narrow the option selected to trade.

The one thing I'm struggling with yet is the quantity to trade. Is this controlled with Trade Calculator or the allocation within the Method (or is that based on the setting in Auto Trade)?

Are you setting the quantity to trade as 100 shares = 1 contract or are you able to just use the value 1 to mean one contract? The labeling of the fields in Trade Calculator completely confuses me.

Another question I have is related to Roll. Do either of you use it to roll from one contract to the next? I think that's what it's there for but it also looks like it sets the minimum days to expiration for finding an option but I've never tried it to see if it exits one and tries to enter another further out.
Deleting message 46770 : RE: Targeting Delta and DTE in option trade plans


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