OmniTrader Forum - OptionTrader
Net Debit

^ Top
gottfried

Posts: 62

Joined: 12/17/2003
Location: Biel/Bienne Switzerland

User Profile
 
Subject : Net Debit
Posted : 10/3/2017 9:24 AM
Post #42505

I have Option Trader2 I would like to make a trade Plan for buying option Straddle with a net debit of maximun $4.00. Is that possible?
^ Top
John J

Posts: 217

Joined: 8/3/2010
Location: Leduc, AB

User Profile
 
Subject : RE: Net Debit
Posted : 10/5/2017 5:59 PM
Post #42512 - In reply to #42505

Hi Gottfried,

In order to do that you would need to upgrade to OptionTrader v4. This newer version allows you to enter the straddle as a Multi-Leg Limit Order (see attached).


Attached file : Capture.JPG (178KB - 168 downloads)
Attached file : Option Trader User Guide.pdf (905KB - 88 downloads)

^ Top
gottfried

Posts: 62

Joined: 12/17/2003
Location: Biel/Bienne Switzerland

User Profile
 
Subject : RE: Net Debit
Posted : 10/5/2017 11:45 PM
Post #42515 - In reply to #42505

I made that but it doesn't work. I made a limit of 2.00 $ But it bought an option with net debit of 4.53
Attached file : Option 001.JPG (100KB - 30 downloads)
Attached file : Option 002.JPG (80KB - 34 downloads)

^ Top
John J

Posts: 217

Joined: 8/3/2010
Location: Leduc, AB

User Profile
 
Subject : RE: Net Debit
Posted : 10/6/2017 12:14 PM
Post #42518 - In reply to #42505

Try changing the 'Limit Units' setting from 'Percent' to 'Points'


https://www.omnitrader.com/currentclients/otforum/thread-view.asp?threadid=14508&posts=4