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Can I place rollover trades to IB?
Last Activity 10/5/2018 4:07 PM
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Posts: 300

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

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Subject : Can I place rollover trades to IB?
Posted : 10/27/2016 12:22 PM
Post #38407

It's been a long time since I looked at OT/Option Trader...

So I'm interested in selling weekly call options against either stock or a long term (LEAP) option. At the end of each week I need to roll over the weekly options, buying back the near option and selling another far (next week) option. By using a spread trade I can place one order to sell and buy, with less commission and splitting bid/ask spreads. Or so I'm told...

Does Option Trader allow me to place such an order with IB directly from the OT order placement UI?



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Barry Cohen

Posts: 5497

Joined: 1/19/2004

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Subject : RE: Can I place rollover trades to IB?
Posted : 10/27/2016 1:31 PM
Post #38408 - In reply to #38407

Trading an option spread is supported with OptionTrader 4, so yes that should work. Since you have OT4, try it with the Paper portfolio or with an IB demo account.

It sounds like you want to pick the option chains yourself rather than letting the Trade Plan or OptionFinder, so you would want to use the Trade Manager interface. Next you would pick each option you want & select the Multi-Leg Order Enable setting. Then select if you want to submit it as a market or limit order.

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