Additional time actions for delta, S/L ratio, exit when tested
under consideration
Jon Epstein
In light of how Deltas and S/L ratio moves during the course of a trade, it would be great to be able to modify Delta action for the position and legs using Time Action as trade progresses, especially for verticals where the shorts can expand to very large ratio compared to the Longs. Also, the short long ratio need to be added as an exit when it is above a number as well as a time action. In particular, I think Calendars would benefit from these actions.
r
rusty.moorman@optionomega.com
Merged in a post:
"Exit when tested" & "Time of Day" (allow AND condition, not just OR conditions)
R
ROB H
Near end of day we would like to have robot close our short legs if the underlying is 5 points or less from the short's strike price. We find that in the last few minutes we often get stopped out so if we are 7-10 points OTM with 7 minutes to go we would be ok if robot closed us if we moved to only 5 OTM even though SL has not been reached. We think the momentum against us will likely continue in the last few minutes so better to get out with a 50% SL than a 100% SL. Right now "exit when tested" and "time of day" are OR conditions. We would love it if they were AND conditions.
r
rusty.moorman@optionomega.com
under consideration