Options Strategies?

feather

New member
I'm trying to figure out if it's possible to create automated options strategies in thinkScript. Roughly speaking I'd like to create a script that


  1. Gathers data about market conditions for a given symbol
  2. Uses this data to set some criteria for options calls and puts
  3. Scans available options to find options that meet these criteria
  4. Places an order for the found options

Are there any example strategies like this that you all are aware of? What I'm most concerned about is whether AddOrder can place orders for options. It looks like I might have to do something like


input code = GetATMOption(myExpiryDate, optionType=OptionsType.PUT);

while put options criteria not met
input code = GetNextITMOption();

addOrder(code, type=OrderType.BUY_AUTO,...other order options)

Is this roughly the right direction?

Thanks in advance
 
Solution
I'm trying to figure out if it's possible to create automated options strategies in thinkScript. Roughly speaking I'd like to create a script that
ToS platform does not support autotrading. The addOrder function is just for backtesting.
ToS platform does not support custom scripts in the Option Hacker.
I'm trying to figure out if it's possible to create automated options strategies in thinkScript. Roughly speaking I'd like to create a script that
ToS platform does not support autotrading. The addOrder function is just for backtesting.
ToS platform does not support custom scripts in the Option Hacker.
 
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