Is it possible to create a Strategy to get a Floating PnL with Options (Calls and Puts) ? I noticed that the default parameters such as BUY_AUTO, BUY_TO_OPEN etc support stock position rather than option position. Any insight on this ?
Strategy for PnL with Options
- Thread starter gsvector24
- Start date
Solution
If you use an Option symbol for the chart the Strategy will work the same as it does for the underlying Equities... We can't specify a specific symbol other than what the chart is plotting within AddOrder()... However, you can base your Buy/Sell logic on the underlying symbol and I have done this in the past... You can also make calculations based on Study results of the underlying either by referencing licensed Studies, Thinkscript Functions, or code embedded within the current script... In fact you can code using the Condition Wizard for most of the initial coding and then do final hand coding after that if you so choose... The scripting is only as complicated as you want to make it... I use this same method for creating Realtime Conditional Orders for some of my Options trades...
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