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Brian Chia
Set spread width dynamically based on criteria such as:
  • Spread width min/max
  • Delta min/max
  • Premium targets (net spread premium or leg premium).
  • Distance from current spot price (min/max)
OO should search for the spread that best meets the spread width and premium target criteria.
Original request from Friendly User / salutalice: https://optionomega.canny.io/feature-requests/p/select-strikes-and-spread-width-based-on-net-premium-targets-originally-add-func
give it multiple spread widths.
Not a single fixed but multiple like 30,35,40 dollar widths. If none fits, no trade will happen. If one fits it will choose the best fitting the criteria.
In TAT for instance you can tell the bot to choose the most OTM spread or the highest credit/delta and many options more. In OO I found no way of giving it multiple width, only one fixed.
I feel like OO is a good back tester for lots of strategies but for MEIC it lacks a few extra steps to get really good at it