I executed an iron condor spread in my paper trading account. My short options are highlighted in red and have a negative P&L value. Position is -1. However, on the left-most side of the screen, there is a +1 next to the ticker symbol and strike price...why not a -1 that matches my position? My long options are in green, with positive P&L, +1 position, and a -1 next to the ticker. Am I reading something wrong? Can somebody please explain this notation? Also what is the "LO" in the symbol CL FOP (LO)?
TWS's notation is confusing me...
- Thread starter B Johnson
- Start date
The top most contract is the spread. -1 indicates you sold the spread. The 4 rows after that indicates your position in each leg.
Make note that your understanding of a short spread does not immedietely equate to a -1 or +1 for your total position. Highlight the contract my doing a mouseover or select contract details...I can't recall the actual procedure.
Make note that your understanding of a short spread does not immedietely equate to a -1 or +1 for your total position. Highlight the contract my doing a mouseover or select contract details...I can't recall the actual procedure.
This is a more direct example which might be clear the confusion.
This is the contract information screen. To short an iron condor, TWS indicates that you are buying a combo albeit at a negative premium of -$4.00(negative premium means it is payable to you). And yes, LO is the official contract symbol for CL options.
This is the contract information screen. To short an iron condor, TWS indicates that you are buying a combo albeit at a negative premium of -$4.00(negative premium means it is payable to you). And yes, LO is the official contract symbol for CL options.