Predict option contract price based on stock price in ToS?

hockeycoachdoug

Active member
2019 Donor
VIP
Is there a TOS indicator out there (or anywhere else) that shows what an option should be worth intraday when the underlying hits a certain price. What I mean is prior to the start of a days trading, is there a place to find what a liquid actively traded option should be worth if the price hits a certain price during the day. i.e. a stock starts the day from the previous close price of 50 and I want to buy a specific strike and month option if during the day the price hits 49. Is there a way to know what that option price should equal if it hits 49 so that an order could be placed without having to watch the market all day? Thanks for any input in advance.

 
Last edited:

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
@hockeycoachdoug I don't think a feature like that exists in ThinkorSwim. I could be wrong though. One thing that I would suggest is setting an alert in ThinkorSwim for when the stock price hit your limit target. Say the stock is at $49.5 and you're looking to buy it or short it at 50.5 then you can set an alert in ThinkorSwim for price at or above 50.5. You can download the ToS app and it will alert you via notification if you can't be glued to the chart all day long. Then look up the option price on your brokerage. I know it sounds long but it's quite simple.



To sum it all up:

  • 1. Set an alert in ThinkorSwim
  • 2. Wait for ToS to send you a notification
  • 3. Pull up the option chain
  • 4. Profit 😀

Hope that helps.

 
Last edited:

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Top