Option Greeks Label

hmrussell

New member
Hopefully easy question:

How can I set up a column in my Monitor / Activity & Postions / Position Statement section to calculate "Delta Dollars"?
Delta Dollars is simply the positon delta (which TOS does have a column for) x the underlying price of the security.
It basically gives the exposure in total dollars that you have in the option.

Here is a link to the explanation and why it matters:
https://optionstradingiq.com/why-delta-dollars-will-change-your-option-trading-forever/

You can add columns on this page/section and there are custom scripts under the available items but I can't seem to figure out how to craft the formula.
Help appreciated. Thank you!
 
Solution
@JP782 @grapetux
TOS thinkscript option greeks ( delta, rho, gamma, etc ) don't work in labels. This has been a problem with TOS for a long time and for some reason, TOS has ignored this.

Charting options and knowing the delta ( shown on a label ) is very useful, but it's only a dream.

TOS should fix this ( if the correct option greek data exists in a table, why can't TOS feed this data to their thinkscript commands ? )

Sending the details of this thinkscript bug to TOS may work this time - I will cross my fingers.
I attempted to do a very simple option delta label but its not working. The value on the chart doesnt match whats in the delta column on the option chain page
Ex SPY 9/28 366Call on the chart delta reads .63 but the column shows .79

What did I do wrong?

def D =delta();
AddLabel(1, "∆" + Round (D), Color.GRAY);
 

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As I'm attempting to spruce up my option chart I'd like to display the delta of the selected option as a label on the price chart .
My goal is to add another label which multiplies the ATR on underlying with the delta of the selected contract to give me an idea of of how much delta I can expect to capture per candle. Im trying to tighten up and refine my execution.I feel like this will be helpful in setting up orders , selecting targets/ stop losses etc. Can use some help formulating the code to achieve this, thanks for any help !
-N
 
@JP782 @grapetux
TOS thinkscript option greeks ( delta, rho, gamma, etc ) don't work in labels. This has been a problem with TOS for a long time and for some reason, TOS has ignored this.

Charting options and knowing the delta ( shown on a label ) is very useful, but it's only a dream.

TOS should fix this ( if the correct option greek data exists in a table, why can't TOS feed this data to their thinkscript commands ? )

Sending the details of this thinkscript bug to TOS may work this time - I will cross my fingers.
 
Last edited by a moderator:
Solution
Thinkscript Option Greeks Values Incorrect - Delta(), Gamma(), Rho(), Theta(), Vega()

TOS thinkscript option greeks ( delta, rho, gamma, theta, vega ) show incorrect values. This has been a problem with TOS for a long time.

These values ( if they were correct ) would be very useful.

TOS option tables accurately show these option greek values.

Does anyone know why TOS continues to avoid fixing this problem ???
 
Last edited by a moderator:

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