Options Open/Close indicator on Underlying's Chart

[BraveWampa]

I'm wondering if anyone has ever developed an indicator that would plot option open and close positions on the underlying stock chart.

For example what I'm trying to do is have the chart for ticker MSFT show an indicator (maybe just an arrow) when I opened an option position on .MSFTxxxxxxx and then another indicator showing where I closed the position on .MSFTxxxxxxx.

I just want to visually see the entry and exit of option positions on the underlying's chart.

Has anyone done anything like that before? I asked the ThinkScript Lounge if it would be possible, and they said if it was part of your own portfolio, then it should be possible.

Any thoughts or ideas on this at all? I don't want to reinvent the wheel if someone's already some something similar.

 

[BraveWampa]

I'm wondering if anyone has ever developed an indicator that would plot option open and close positions on the underlying stock chart.

For example what I'm trying to do is have the chart for ticker MSFT show an indicator (maybe just an arrow) when I opened an option position on .MSFTxxxxxxx and then another indicator showing where I closed the position on .MSFTxxxxxxx.

I just want to visually see the entry and exit of option positions on the underlying's chart.

Has anyone done anything like that before? I asked the ThinkScript Lounge if it would be possible, and they said if it was part of your own portfolio, then it should be possible.

Any thoughts or ideas on this at all? I don't want to reinvent the wheel if someone's already some something similar.

Doesn't look like anyone has done this before, so I'll take a shot at it.

 

[BraveWampa]

I'm wondering if anyone has ever developed an indicator that would plot option open and close positions on the underlying stock chart.

For example what I'm trying to do is have the chart for ticker MSFT show an indicator (maybe just an arrow) when I opened an option position on .MSFTxxxxxxx and then another indicator showing where I closed the position on .MSFTxxxxxxx.

I just want to visually see the entry and exit of option positions on the underlying's chart.

Has anyone done anything like that before? I asked the ThinkScript Lounge if it would be possible, and they said if it was part of your own portfolio, then it should be possible.

Any thoughts or ideas on this at all? I don't want to reinvent the wheel if someone's already some something similar.

Turns out there's no function or capability in ThinkScript that allows you to capture a trade execution time. I verified this with the ThinkScript chat in TOS. So this functionality is simply not possible, as there's no way to id when a trade happened so you obviously can't plot something that not able to be retrieved.

 

[Ricorichie]

Ya know... I was about to post a very similar question. So instead of creating a new post, let's just resurrect this one.

I'm trying to figure out how to have ToS draw a price level line on the stock chart to show the stock price at the moment I purchased the option.

To go a step further I'd like it also draw a line at the price level showing my stop, and also my expected target limit order. Right now I'm doing it manually after my order fills. I use the "expected price" from the options page.

So lets say I buy an option contact @ $1.00, and I want a limit order to sell that contract when it reaches $1.80. Also I want a stop order set at .60 cents at the same time. Well using an OCO order that part is easy. The part that ****s is drawing the 3 lines on the stock chart. If I look at the "expected price" on the option when it hits either of my orders it will tell me the "ballpark" expected price of the stock when my option order should trigger. With that I can hop over and draw the price levels on the stock chart. Using the "expected price" from the option chain window is pretty accurate. Many times it is spot on.

Since we don't seem to be able to do it in a straight forward way I wonder if it's possible to have a script that you can click on to do that manual task for you AFTER you have opened a position. You could have it look at your OCO orders and using the "expected price" it could put the lines on the stock chart for you? Yes, I've been known to ask stupid questions in the past. Just hope this isn't one of them. lol.

R

 

[MerryDay]

You could have it look at your OCO orders and using the "expected price" it could put the lines on the stock chart for you? Yes, I've been known to ask stupid questions in the past. Just hope this isn't one of them. lol.

R

The ToS platform does not make order information available for scripting.

 

[Ricorichie]

So I just went and made sure the "show orders" setting was enabled on the General tab. It wasn't. Arghhhh.......... WTH.....

Anyway, for indexes it does appear to be working because I'm in a trade on SPY and it's showing the options trades on the screen now, so maybe it works on indexes, just not actual stock symbols? It's showing a line for both my stop order and my limit order for my expected target profit. SWEET!!!!!