Stock price on an options chart.

Ecantor

New member
I want to be able to reference on an options chart, the price of the actual underlying symbol so that I can compute the yield on something like
a covered call. For example, I bring up a chart of JOBY strike $5 , expiration date 11/19/24 or something like that. If JOBY stock price is $5 and
call is .25 then yield = 25/500 = 5%. I can then put the yields into a watchlist and see what are the highest yields. I tried opening an options price
chart and adding the compare symbol JOBY, but this doesn't give me the actual current price of JOBY. Is there any way to add a study or the JOBY actual price to the options chart
so that I can compute the yield? What this saves me is having to figure the yield out with the good old fashioned calculator method!!:)
 
Solution
@Ecantor Are you looking for a simple label showing the underlying price...??? If so, the following code is what I use...

Ruby:
# Underlying_Equity_Price
# Created by rad14733 for personal use
# v1.0 : 2024-05-31 : Initial Release

input showUnderlying = yes;

def price = close(GetUnderlyingSymbol());

AddLabel(showUnderlying, " " + GetUnderlyingSymbol() + ":  " + Round(close(GetUnderlyingSymbol()), 2) + " ", if price > price[1] then Color.GREEN else if price < price[1] then Color.RED else Color.LIGHT_GRAY);

#END Underlying_Equity_Price
@Ecantor Are you looking for a simple label showing the underlying price...??? If so, the following code is what I use...

Ruby:
# Underlying_Equity_Price
# Created by rad14733 for personal use
# v1.0 : 2024-05-31 : Initial Release

input showUnderlying = yes;

def price = close(GetUnderlyingSymbol());

AddLabel(showUnderlying, " " + GetUnderlyingSymbol() + ":  " + Round(close(GetUnderlyingSymbol()), 2) + " ", if price > price[1] then Color.GREEN else if price < price[1] then Color.RED else Color.LIGHT_GRAY);

#END Underlying_Equity_Price
 
Solution
@Ecantor Are you looking for a simple label showing the underlying price...??? If so, the following code is what I use...

Ruby:
# Underlying_Equity_Price
# Created by rad14733 for personal use
# v1.0 : 2024-05-31 : Initial Release

input showUnderlying = yes;

def price = close(GetUnderlyingSymbol());

AddLabel(showUnderlying, " " + GetUnderlyingSymbol() + ":  " + Round(close(GetUnderlyingSymbol()), 2) + " ", if price > price[1] then Color.GREEN else if price < price[1] then Color.RED else Color.LIGHT_GRAY);

#END Underlying_Equity_Price
Ty. Ty. Works perfectly...
 

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