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Fun with Conditional Spreads Rate this Topic:
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Al_Gorithm
Posted : Friday, March 8, 2019 2:15:56 PM

Registered User
Joined: 6/30/2017
Posts: 1,227

Happy Friday Bruce!

I have a PCF I'm looking to use in a Conditional Order. The PCF looks at the price action of the underlying, but the order will be for an option contract.

Actually, I want to buy one option contract, and sell another option contract (ie, a two-legged spread).

Can I buy/sell a two-legged option spread with just one conditional order? Or do I need one conditional order for each leg? Or can I set up one order that will trigger another order?

Hope that makes sense. :)

 

Bruce_L
Posted : Friday, March 8, 2019 3:53:32 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Have you looked at the Trading Options section of the help files to see how to trade the various multi-legged option strategies first? Some strategies use multiple orders automatically.

If the strategy allows you to set a condition order, the little blue funnel should be ther in the order type section. You should have the option to add an underlying stock condition when addin a condition in the Order Conditions window.



-Bruce
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Al_Gorithm
Posted : Friday, March 8, 2019 3:56:06 PM

Registered User
Joined: 6/30/2017
Posts: 1,227

Bruce, thanks for the links. Had to actually work at work today, lol ... couldn't poke around the help files ... will check out this evening. Thanks!!

Enjoy your weekend.

Bruce_L
Posted : Friday, March 8, 2019 4:11:17 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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