Can you dynamically link an options chain chart to a main chart?

Chemmy

New member
VIP
I'm currently testing a new strategy based on some indicators I'm looking into, and part of my strategy involves being able to look at options premiums charts for the related equity. Is there any way for me to be able to link a chart for the nearest expiration and input ____ strikes away dynamically? For example, if I want to look at SPX (weeklies):

fvnNHwN.png


On 8/24/22 for the 0dte expiration, is there a way for me, based on the current price of SPX at the time, to dynamically view the call or puts options premium chart 3-4 strikes out of the money? Or is this something that simply can't be automated? Any clarity on this would be greatly appreciated.
 
Solution
I'm currently testing a new strategy based on some indicators I'm looking into, and part of my strategy involves being able to look at options premiums charts for the related equity. Is there any way for me to be able to link a chart for the nearest expiration and input ____ strikes away dynamically? For example, if I want to look at SPX (weeklies):

fvnNHwN.png


On 8/24/22 for the 0dte expiration, is there a way for me, based on the current price of SPX at the time, to dynamically view the call or puts options premium chart 3-4 strikes out of the money? Or is this something that simply can't be automated? Any clarity on this would be greatly appreciated.
No sorry, the ToS app does not provide for that...

MerryDay

Administrative
Staff member
Staff
VIP
Lifetime
I'm currently testing a new strategy based on some indicators I'm looking into, and part of my strategy involves being able to look at options premiums charts for the related equity. Is there any way for me to be able to link a chart for the nearest expiration and input ____ strikes away dynamically? For example, if I want to look at SPX (weeklies):

fvnNHwN.png


On 8/24/22 for the 0dte expiration, is there a way for me, based on the current price of SPX at the time, to dynamically view the call or puts options premium chart 3-4 strikes out of the money? Or is this something that simply can't be automated? Any clarity on this would be greatly appreciated.
No sorry, the ToS app does not provide for that automation.
 
Solution

CommercialGary

New member
Thanks for the clarification! I figured as much through my own research, but I figured if anyone would know it would be this community. I'll stick to manually navigating these then.
Create a scan that only picks up SPX weeklies then create a watchlist that auto updates. The scan should only pick up strikes like 2-3% otm max so you aint bogged down with irrelevant noise. Then open your watchlist and link to one of your charts. Sort by volume, IV, premium, whatever then just click the first option on the list and you can quickly change the chart by tapping the up down key (watchlist must still be active, you cant click on the chart and keep scrollling thru them i think, youll have to click on the watch list again.)

But if you make a column in the watchlist with a few chart links on it you can quickly load up your other open charts. Hope that helps.
 

Chemmy

New member
VIP
Create a scan that only picks up SPX weeklies then create a watchlist that auto updates. The scan should only pick up strikes like 2-3% otm max so you aint bogged down with irrelevant noise. Then open your watchlist and link to one of your charts. Sort by volume, IV, premium, whatever then just click the first option on the list and you can quickly change the chart by tapping the up down key (watchlist must still be active, you cant click on the chart and keep scrollling thru them i think, youll have to click on the watch list again.)

But if you make a column in the watchlist with a few chart links on it you can quickly load up your other open charts. Hope that helps.
This is actually a great idea -- I'll look into this over the weekend, that might honestly work better than what I originally had in mind. Thanks!
 

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.
Top