Specify child strikes by option price offset
under consideration
M
Migration
We currently can select child strikes on the basis of 'points offset' (+ or -) .... the parent strike is selected based on delta (or dollar offset from [something]), and then OO selects the child strike by calculation.
I would like the opportunity to select the child strike by 'dollar offset' (+ or -) .... in which case the parent strike is as usual selected based on delta (or dollar or offset from [something]), and then OO would select the child strike based on price difference.
Example:- sell a 5 DTE 20 delta put- buy a [50 cents cheaper] put, 7 DTE
There is no hack to do this currently. I have manually tested the concept, with what looks to be promising results ...
This would probably come shortly after MEIC-style spread premium entries, I guess/hope �
@
@wizzy
In addition ... not just a $ offset, but also a % offset. Eg. for ratios (sell a 20 delta put, buy [2 QTY] at 50% of parent strike!
M
Matthew Simon
under consideration