Hello Community.
I need to plot the MARK price of an option on the chart. I am selling options and what to be to see when the option price is 2x,3x,4x,5x,6x,7x the premium I collected or trade price I entered the trade at (they are the same). Has anyone coded this already or can anyone do this.
The objective is to monitor my stop loss when the trade is going against me. Specifically I will adjust the trade when the mark is 4x the premium collected. For example if I collected $0.5 per contract then I want to get ready to adjust my trade when the price of the option that I sold is at $2.00.
Any and all help is greatly appreciated.
Thank You,
Devan R.
If you look at this 15 min chart of a SPY option and follow the purple horizontal lines, then my ideal / dream chart will look like this, assuming I sold a CALL option and price start to move against my trade.
I need to plot the MARK price of an option on the chart. I am selling options and what to be to see when the option price is 2x,3x,4x,5x,6x,7x the premium I collected or trade price I entered the trade at (they are the same). Has anyone coded this already or can anyone do this.
The objective is to monitor my stop loss when the trade is going against me. Specifically I will adjust the trade when the mark is 4x the premium collected. For example if I collected $0.5 per contract then I want to get ready to adjust my trade when the price of the option that I sold is at $2.00.
Any and all help is greatly appreciated.
Thank You,
Devan R.
If you look at this 15 min chart of a SPY option and follow the purple horizontal lines, then my ideal / dream chart will look like this, assuming I sold a CALL option and price start to move against my trade.
