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EL Strategy with auto buy (Call/Put) ITM option strike


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EL Strategy with auto buy (Call/Put) ITM option strike

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  #1 (permalink)
Lakeville
 
 
Posts: 6 since Dec 2017
Thanks: 1 given, 1 received

Afternoon, All.

I'm a beginner to EasyLanguage and have been running a Strategy (Algorithm) and looking to take it to the next level: auto selection of ITM Calls/Puts that are 1 strike from the current underlying price.

My current Strategy uses the Price Series Provider function so all I have to do is open the TradeStation: Option Station Pro window...find my strike price of choice...right click it (copy symbol)...and then go back to my chart and paste that symbol (example: SPY 180209C267) into the "Type a Symbol/Command" and hit enter. Not difficult by any means. But if the price of the underlying really starts toove, then I have to repeat that process over and over.

I've been reading the EasyLanguage reference guide...using my Google-fu....and I can't come up with the "how to" to connect the dots.

So I guess my first question is:
Can the automation of selecting an ITM contract be possible within a Strategy?
...and then the follow up...
If yes, could someone kindly toss me a bone (link/manual/keywords/example) of how to code this?

Appreciate your time in reading and providing comments.

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  #3 (permalink)
 
 
Posts: 2,230 since Apr 2013
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DirtyGoats,

you might find the OptionChainProvider Class useful: https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=153143.

Regards,

ABCTG

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  #4 (permalink)
Lakeville
 
 
Posts: 6 since Dec 2017
Thanks: 1 given, 1 received

Skimming it briefly, looks like a promising avenue. I appreciate the quick response.

Thank you.

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  #5 (permalink)
Johns Creek GA/USA
 
Experience: Intermediate
Platform: ThinkorSwim, IB
Trading: Emini ES
 
Posts: 6 since Aug 2016
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I successfully imported the ELD, but I'm stuck after that. Are there any samples of using OptionChainProvider? I am a newbie with EL, and I'm not even sure how to instantiate it.

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  #6 (permalink)
 
 
Posts: 2,230 since Apr 2013
Thanks: 409 given, 1,471 received

greymatter,

I am not sure there are any besides the demo posted in the forum thread, but you might want to take a look in the official TS forum.

Regards,

ABCTG

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