The discussion started here https://www.elitetrader.com/et/threads/option-code-lookup.308002/#post-4429749 and has evolved into a topic more suited for a programming thread as opposed to where it is now.
I am looking to day trade options with the Multicharts .NET platform or other suitable approach as my trial period for multi-charts is running out.
Multicharts does have the ability to trade options.
What makes it challenging is that you cannot easily lookup an option code and define a constant for a term to designate that particular type of option.
The re-usable constant in my case would be one for a "nearest term", "deep in-the-money", "call option", for a given input which in this case, would be an underlying such as SPY or SPX.
I can define the specific parameters for what I mean by a "nearest term", "deep in-the-money", "call option", but do not yet know how to build the .NET class or other parameter to calculate what it is, and use it on each signal.
A Call Option (CALL).
Nearest Term (NT) = Least number of days to expiration.
In-The-Money (ITM) = Delta closest to .90 but not higher.
Assistance is greatly appreciated.
I am looking to day trade options with the Multicharts .NET platform or other suitable approach as my trial period for multi-charts is running out.
Multicharts does have the ability to trade options.
What makes it challenging is that you cannot easily lookup an option code and define a constant for a term to designate that particular type of option.
The re-usable constant in my case would be one for a "nearest term", "deep in-the-money", "call option", for a given input which in this case, would be an underlying such as SPY or SPX.
I can define the specific parameters for what I mean by a "nearest term", "deep in-the-money", "call option", but do not yet know how to build the .NET class or other parameter to calculate what it is, and use it on each signal.
A Call Option (CALL).
Nearest Term (NT) = Least number of days to expiration.
In-The-Money (ITM) = Delta closest to .90 but not higher.
Assistance is greatly appreciated.
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