Option Profit loss label on chart

[vivekshahi]

Hi,

I day trading with Option in TOS. Is there any way to show the option trade live pnl on the chart. I found pal label script here which only works with stocks.

Please guide me in this regards.

thank you in advance.

 

[Izzylbs]

Hello, I think I may have a solution for you. I am no coder lol. You will have to make a watchlist and add each individual option purchased to the watchlist and open the chart for each and when you click each one (not SPY but .SPY220401P454 for example) you can see your P/L for the option on the chart plotted with this (and add label to show as well):

declare lower;

input showlabel = yes ;

def qty = GetQuantity() ;
def opencost = qty * GetAveragePrice() ;
def netLiq = qty * close ;

plot MaunalopenPL = netLiq - opencost ;
plot autoopenpl = GetopenPL() ;

AddLabel(showlabel, "OPTION P/L: " + MaunalopenPL , if maunalopenPL >= 0 then color.green else color.red) ;    
AddLabel(showlabel,  "OPEN P/L: " + autoopenpl ,if autoopenpl >= 0 then color.green else color.red);

 

[vivekshahi]

Thank you, I added option pnl label on my sidebar in quick chart and the main chart dedicated to watch regular stock price. very cumbersome from too but its working.