Conditional order to close options spread help

March 26th, 2015, 01:51 AM

Hello,
can someone help me with a conditional orders in TWS?

I have an option spread which I want to close upon an underlying price.

For example, I have a debit bear put spread 2090/2095:

+1 SPX Mar27 2095 put
-1 SPX Mar27 2090 put

and want to set a conditional order something like this:

If SPX >= 2080 then

sell the spread (or submit a closing trade):
-1 SPX Mar27 2095 put
+1 SPX Mar27 2090 put
@ 4.50 credit LIMIT Day (or market), etc.

I do not seem to find the way how to do it.

Thanks for your help.

May 24th, 2015, 11:17 AM

The way I do it is from Option Trader create the order, then right click and select Attach Stop Order.

you can have it always attach a stop order by selecting it through the Configure button then Presets then Option s and select the TP or SL settings.
Intially the Stop order value would not show up. So I had to hover over menu and insert a column named Stop Price. Pretty silly and I spent days on it till I called support

Hope that helps I am a rookie with this platform as well.

Conditional order to close options spread help

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Conditional order to close options spread help