OmniTrader Forum - OptionTrader
OPT Condor Stops

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LSJ

Posts: 515

Joined: 8/17/2006
Location: Citrus Springs, FL

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Subject : OPT Condor Stops
Posted : 11/13/2020 7:37 AM
Post #47582

I want to apply above and below price stops on a condor based on the underlying.

The orignal trade plan only has an expiration exit. Editing the trade plan will only allow use of either the below price or above price stop but not both. On the second price stop it does not allow use of the original A,B,C,D legs and adds legs starting with D.

If instead in settings the "Apply Above/Below Price Stops(s)" is checked it only does one and tries to just close two legs of the 4-leg position making the steps incomplete.

I can't figure out how to add the stops - any suggestions?




Attached file : condor.jpg (258KB - 432 downloads)

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Barry Cohen

Posts: 6338

Joined: 1/19/2004

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Subject : RE: OPT Condor Stops
Posted : 11/16/2020 11:31 AM
Post #47585 - In reply to #47582

Try this, Larry. Submit the trade plan normally without adding stops. After the position has filled, drop the yellow chevron down to place a Below/Above Price stop. Repeat for another stop.
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LSJ

Posts: 515

Joined: 8/17/2006
Location: Citrus Springs, FL

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Subject : RE: OPT Condor Stops
Posted : 11/16/2020 12:29 PM
Post #47586 - In reply to #47582

Voila! thx


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