Active Trader/Template work for Option trading

kristinas33

New member
Hi. Have been trying to have automated strategy with my predefined templates to work for options. As I understand as per obviously my stop loss and take profit won't be showing on the chart of the underlying asset (stock) since the instrument I am trading is an option (and option name is used in the Active Trader panel.


Basically I trying to have a runner outlined here minute 7 of the video work for options.


Did anybody try this? as I understand that the order details probably won't show on the underlying asset graph but that's ok, as I want the functionality to be there to provide a fast in a out of the transaction without having to switch tabs or do lots of manual (error prone) entry. Thank you.
 
I have always traded Options using Active Trader, similar to how the first video describes... I have attached an image of how my trading screens are setup... I also toggle Time and Sales on and off as needed...

You can also lookup Options from the Active Trader as well... When you click into the symbol box you get a menu and if you click on Options you get a condensed version of the Trade Tab... It doesn't give as much information but works well if you just want the ATM, ITM, or OTM option... I still use the Trade Tab at times because I have added the Delta column for picking OTM Options greater than a Delta of .30...

Just wanted to share...

iIUAcMF.jpg
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

@rad14733 thank you. out of curiosity - did "flatten" ever work on option orders during the live session (i have noticed that it doesn't for options - but so far i have been testing it using "on demand" simulator). perhaps there is place where "flatten" can be overwritten ). i was doing "single" buy /sell but it flatten doesn't allow to exit out of the position
 
@rad14733 thank you. out of curiosity - did "flatten" ever work on option orders during the live session (i have noticed that it doesn't for options - but so far i have been testing it using "on demand" simulator). perhaps there is place where "flatten" can be overwritten ). i was doing "single" buy /sell but it flatten doesn't allow to exit out of the position
Yes, I use Flatten Now instead of Flatten because I don't want the delay of confirmation... I have Active Trader set for Auto Send but you have to swap the Flatten Now button in place of the Flatten button... It definitely works for Options...
 

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
356 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top