Hello everyone,
I'm looking into creating alerts in the ToS platform for help when monitoring active neutral option spread positions.
One of the alert types I want concerns the delta value for the option spread, both on the upside and the downside.
When setting up the upside delta alert I want it to trigger when a certain negative delta value is reached.
The reason is that the further price moves to the upside, the more negative the delta value becomes.
The problem is that I am not sure how ToS works with negative values on alerts.
Let's say the threshold value for delta is -15 and if it goes lower to e.g. -20 that is increasingly bad for the position since this indicates that price is moving further away.
If I were to setup the alert using: Delta, At or above, -15 how would ToS treat the "At or above" condition ?
Would it interpret a delta of -20 as a lower value (which it is) than -15 and thus not trigger the alert, or, would it interpret -20 as a higher (absolute) value and thus trigger the alert ?
/Robert
I'm looking into creating alerts in the ToS platform for help when monitoring active neutral option spread positions.
One of the alert types I want concerns the delta value for the option spread, both on the upside and the downside.
When setting up the upside delta alert I want it to trigger when a certain negative delta value is reached.
The reason is that the further price moves to the upside, the more negative the delta value becomes.
The problem is that I am not sure how ToS works with negative values on alerts.
Let's say the threshold value for delta is -15 and if it goes lower to e.g. -20 that is increasingly bad for the position since this indicates that price is moving further away.
If I were to setup the alert using: Delta, At or above, -15 how would ToS treat the "At or above" condition ?
Would it interpret a delta of -20 as a lower value (which it is) than -15 and thus not trigger the alert, or, would it interpret -20 as a higher (absolute) value and thus trigger the alert ?
/Robert
Alerts for an option spread's delta
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