OmniTrader Forum : Trade Plans : trade plans based on an options delta?

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OmniTrader Upgrade Forums Trade Plans trade plans based on an options delta?		Last Activity 1/2/2025 4:50 PM 0 replies, 1364 viewings

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kmcintyre

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Joined: 8/30/2007
Location: Valley Center, CA

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Subject : trade plans based on an options delta?
Posted : 8/7/2017 9:38 AM
Post #42321

It's been a while since I looked at options based trade plans. As I recall I could specify options based on time and ITM/OTM based on a +/- n syntax.

I don't recall being able to select options via delta. I.E. STO the Put with a delta < 0.15. Nor do I recall being able to then ask to BTO the Put closest to $5 below the first leg. (Although the +/- n syntax supported specifying if I wanted a credit spread n strikes wide...)

So I guess my question is, in trade plans can I specify the option legs in terms of delta?

Also, is it possible to access the Greeks and IV from OmniLanguage?

Thanks

Keith

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