Add % Offset to the Parent Order Strike | Voters

Add % Offset to the Parent Order Strike

maybe? someday?

Izzy

Add the option to offset the parent order by %.

For example if the 25 delta lands at 6500 for a call and I want the link/child to be 1% of the underlying away the BT will select 6565 as the strike for the linked order.

August 11, 2025

Kevin Smith

I think this is a great idea. Currently the available parent off sets are delta, parent offset and fixed premium. The SPX has gone from 4,000 to 7,000 since 0 DTEs launched. This means parent off set of 60 or 70 is VERY different for the start of the testing time frame (SPX=4000) versus more recent times (SPX=7000).
This problem makes back testing butterflies more difficult. I currently break the back test into 4,000 - 5,000, 5,000 - 6,000 and 6,000 - 7,000 ranges of time.
Percentage offset would help a lot here.

rusty.moorman@optionomega.com

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maybe? someday?