Thinkorswim spread hacker reddit ADMIN MOD Warning to Option Spread Traders - Schwab account minimum is 5k . The one thing to keep in mind is that you have to apply separately for Forex. Just like in Stock Hacker, the following options are available to you:. So if you wanted the 8 Daily MA to appear on your 5 minute chart you could add a 624 period moving average (8 days * 78) The unofficial subreddit for thinkorswim®. Just started demo trading on Thinkorswim/TD Ameritrade. Bull Call Spread & P/L comment. That data is a bit more expensive, which is why other platforms charge for it. Column for Bid-Ask spread width in options chain . 70 (. RTD formula: =RTD("tos. Let's Talk About: Exchange Traded Financial Options -- Options Fundamentals -- The Greeks -- Strategies -- Current Plays and Ideas -- Q As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Guessing people do not trade forex on TD Ameritrade because of the spread? Leverage? Am I figuring the pip spread out incorrectly? Seemed a lot higher than EUR/USD which is maybe 5-6 pips. Option Hacker Performance . Can anyone Accuracy/Reliability of Options Hacker/Spread Hacker when used after hours I like to do research when the market is closed, unfortunately, I think this means that using Options/Spread Hacker functionality on ToS is somewhat handicapped when used while the market is closed. Or check it out in the app stores The unofficial subreddit for thinkorswim®. I have a credit spread on MA as follows: 3 DEC 280 P100 Bought for . 5 per lot per side absolute maximum) minimum 0. Note that in thinkorswim, you can also scan the market for options spreads; to do so, In this ThinkorSwim review, we’ll cover TD Ameritrade, TOS tools, how to use their platform, Options Hacker, paper trading, ThinkOnDemand, and pros and cons. Im playing around with scans. The current spread can help inform where to place any tight limit or stop Today we'll learn how to scan for spreads using the Spread Hacker in Thinkorswim. 5k, however, my P/L is (28,330). Thanks. Is Thanks! The Intersect option worked. To save the scan query, click the “Show actions” button, then “Save scan” query. Good afternoon! I recently started playing with the option hacker on TOS. Those columns are “Max Profit”, “Prob of Profit” and “PL/Margin”. I think that using this chart correctly will be helpful in deciding which type of spread to trade. thinkorswim® is owned by TD Ameritrade, which has recently Calendar Spread Definition: A calendar spread is what we call the options trade structure where you are buying and selling the same strike option across 2 different expirations. I would like to limit the scan section to NYSE and NASDAQ. ToS isn't considering a naked trade, it will absolutely combine them into a to chart a spread copy the bought strike from options chain, paste into symbol field, then copy the sold strike from options chain and in the symbol field put a -, then paste that one, press enter. Or use custom I don’t think there is a way to change the spread size on the options chain. some stock scanners in TOS and was wondering if anyone knows how to add a condition where it excludes stocks with a spread that's greater than say 5% of the last price or $0. I mean, sometimes you can get an idea where the market wants to go and hit the ask, but generally, you just have to wait for volume to return to the market at open (those same algos who are front running your order flow are also soaking up the mispriced asks left over from the previous trading day). Reply reply ConstructivePlayer Maybe interactive brokers & thinkorswim is superior you need to do due diligence on that But if you can get a broker that offers "raw spreads" & commission ($7. SPXW220808C4100") Call Spread Buy: SPX 8 AUG 22 4000 CALL Sell: SPX 8 AUG 22 4100 CALL The unofficial subreddit for thinkorswim®. Early Assignment: Call Credit Spread comments. Is there a way to make the scanner only return strikes with Are the spreads suggested by the screener worth opening or is it just another analytical tool? 100% no. In order to open the stock scanner window, go to TOS, go to the “Scan” tab, then “Stock Hacker” and you will see the settings for scanning stocks. it cannot be done with a limit order. I'm new and using paper money thinkorswim, testing things out here. Noticed the same thing. Thinkorswim: Can't save Spread Hacker? r/thinkorswim. I load a different Scan Query into Stock Hacker. Over those six years I have always used TOS as well as many other platforms. 50 to close other) results in a new credit of . Give Mark and Jolyn their flowers! Options market makers aren’t going to set tight markets if the underlying doesn’t have a narrow bid ask spread. However, if one owns the $330 put - and has the right to exercise - and the SPY closed at $320 on expiration day, the put would be $10 ITM and the put would auto-exercise, forcing the owner to sell 100 SPY shares at $330. Pretty sure TDA is just filling orders in house and pocketing the spread. ADMIN MOD Stock Hacker scan alerts trigger for whole market and not the watchlist. Stay away from it. If the trade goes your way, you'll make the width of the spread minus the premium you paid. never a market order on options. -----Trading Journal (Work in How do I fix spread hacker not working? It usually is in a perpetual ‘thinking’ state after clicking scan. I have a pretty fast new Laptop PC with 128 GB of RAM, so would there be any benefit going higher than the 4096/6144 setting originally The unofficial subreddit for thinkorswim®. You can use them to literally scan thousands of stocks or options spreads in a few seconds. Our goal is to Business, Economics, and Finance. Next time you’re bullish try selling a bull put credit spread that has a higher chance of winning . I made $50m in 1 day on my paper trade account arbitraging 4 legged spreads, you can build a spread with 5$ spread and sell for 5. Am I missing something? Share Add a Comment. gma617. our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. The money for trading forex is technically kept separately. ADMIN MOD Options Hacker what does it mean when an option is General Parameters Scanner Options in Thinkorswim Everyone knows that the role of the scanner is to search for stocks according to your criteria. Down detector shows a huge outage 6/11 AM. 80 in case MSFT moved too much against me. Expand user menu Open settings menu. What can I do in my scanner to only show stocks with liquid options? I’ve set the daily stock volume to 1mil but it Go to thinkorswim r/thinkorswim • by Shalinar. Say you opened a vertical spread for a credit and the trade was successful. The struggle now is only looking at credit spreads where the IVR > 50%. Today I attempted to close a vertical put spread so I right clicked on the position and hit create closing order for the vertical spread and it attempted to fill the order for 2-3 minutes, the whole time the limit price stayed Go to thinkorswim r/thinkorswim • by mftrade. Use the thinkorswim mobile app and u can close both legs easily at once. r/thinkorswim. I added that and then removed criteria one by one until expected results appeared. Can see it plotted on the chart though. Our goal is to Go to thinkorswim r/thinkorswim • by Spactaculous. The MM on the other end of that spread will want some element of edge to close that trade (before exp) and it'll have to be sold at a discount to the spread's true moneyness. Scenario 2: Alternatively, if the long option is illiquid, you can exercise it, use $2k of the $3k from the short seller's exercise to fund the exercise at the 20 strike (the remaining 1k is your profit, since spread closed at max value). It is like trading anything else on thinkorswim. Pretty sure SPX options settle at 8:00pm so it will be worthless when trading closes at that time. I watched MSFT continue to drop and the market price for my spread to be all the way up to 0. I set a stop loss at $2. Sometimes it returns spreads that are wrong. Want to view a saved query? Hey swimmers, I don't know why Thinkorswim is so reluctant to include some useful fields and metrics. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. 34, Breakeven 224. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. You need to be very careful trading SPX :) But back to your question, let me try to explain but it's a bit complex. This chart is that of an SPX iron condor expiring today, Jan. Reddit is dying due to terrible leadership from CEO /u/spez. Sometimes I clear Does anybody have the code for an options scanner that can implement P/C ratio or sizzle? I wanted to use a scan like this to confirm options plays that I was thinking of doing. The strike price of my options have a good amount of volume. They built the platforms for the way that they trade, and the way they trade is quite simple and mechanical but it is honestly the most sensible and straight forward to trade. Support just recommends to use limit orders. 39 3 DEC 295 P100 Sold for 1. com's Reddit Forex Trading Community! Here you can converse about trading I want to sell SPX spread with stop loss It appears to be that in order to STO SPX spread, I have to have margin account, (not cash account). our community is the best way to get help on Reddit with Get the Reddit app Scan this QR code to download the app now. account just because they need you to make more deposit to your account or you have been scammed by online The unofficial subreddit for thinkorswim®. So there are 78, 5-minute periods in a trading day. I have created the following scan under the 'option hacker' with the following custom study: However, when i run the scan, i still see The unofficial subreddit for thinkorswim®. It returns ULTA as one of the symbols. Posted by u/dreday70 - 3 votes and 6 comments If you want to close an options position you can usually just convert the type of spread you're in by buying/selling other options. It too returns ULTA as one of the symbols. However the highest setting was for a system running a max of 32GB of RAM. This too returns ULTA as one of the symbols. I did a bull call spread on TSLA. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. My first stab at this was to build a filter in Spread Hacker using: Max Profit, DTE, and Delta (I have since removed that): That works great. Calculate the result of each option. 00 and above. I can do this manually but if I'm looking at a tightly designed filter that still produces 100 results, I don't want to have to manually calculate Based on the info provided it seems like you do not have spread approval. thinkscript on tos is very powerful and can do more than tradingview in my opinion Reply reply More replies More replies The unofficial subreddit for thinkorswim®. Stock Hacker on the same The unofficial subreddit for thinkorswim®. As others have posted, thinkorswim can experience some lagging (i feel it is better now than 2019/2020), but if you are a scalper another platform may be better. Here the value returned is equal to the price of a share of Tesla minus the price of a share of Apple. For instance, here the auto mid-price is . 20 and overall credit of . ADMIN MOD Why can't I trade Credit Spread? In Robinhood, I can sell credit spreads, but on TOS, it says I don't have enough buying power to sell the CredSpread our community The unofficial subreddit for thinkorswim®. Vertical Call Spread 4/24 Net debt: 2. The code that backs the screener is absolute trash. I'm making the switch from Robinhood to TD Ameritrade/Thinkorswim and have a question. Scanning Options Spread question There's not a provision for custom scans to be used directly in Spread Hacker. The Hacker tabs are decent - you can find based on price, etc. 34 now value . . thinkorswim® is owned by TD Ameritrade, which has recently If you try to open just the new spread, you will see a bigger credit amount and the numbers would make more sense. The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Get the Reddit app Scan this QR code to download the app now. NOTE: active trader (if you've got that next to your chart referencing the spread) will not work with spreads nor see the net positions of spreads Go to thinkorswim r/thinkorswim • by Shalinar. you are looking at the quote page for the options in your spread. ADMIN MOD Stock Hacker scan filter help . In the Spread Hacker section, I was curious about a few different parameters since I primarily want to trade vertical credit spreads. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing The unofficial subreddit for thinkorSwim. 18 votes, 36 comments. Or check it out in the app stores &nbsp; The unofficial subreddit for thinkorswim®. thinkorswim® is owned by TD Ameritrade, which has recently It is unlikely that any broker will let you withdraw any money because you have to meet margin requirements to do the trade. 70 - . I'm getting unexpected results and can't seem to figure out why. rtd", , "BID", "+. If so, then I better have to have more than 25K just in case to avoid stupid PDT rules. Thinkorswim also has a great opportunity to write a scanner for your trading strategy. Members Online • VLE135. 50 when the spread goes fully ITM. ToS isn't considering a naked trade, it will absolutely combine them into a When I use the following RTD formula it sums up the Bid prices of the individual legs of the Call Spread. ” You can choose to close one leg at a time, and that may make sense, but the default should be to close the entire position with a SINGLE ORDER. ADMIN MOD Stock hacker- filter for liquid options . Or even The unofficial subreddit for thinkorswim®. A subreddit focusing on hacking and hi I accidentally did a credit spread instead of a debit spread with paypal which expires in 2 weeks I was at 244 before receiving a credit of 11 Thinkorswim down . our community is the best way to get help on It is unlikely that any broker will let you withdraw any money because you have to meet margin requirements to do the trade. cannot be at limit price. thinkscript on tos is very powerful and can do more than tradingview in my opinion Reply reply More replies More replies when putting in a spread itll say buyjng power effect “illegal -1 shares” what does that mean Get app Get the Reddit app Log In Log in to Reddit. In this post we will focus on long calendar spreads. and the reason i lost was because the bid ask spread was a full 10c because their volume dropped to something like 600 from a few mil as soon as the bell rang our community is the best way to get help Get the Reddit app Scan this QR code to download the app now. Vertical spread not showing . Only if you close the position before expiration. Most people will sell spread when IVR > 50% and buy them when IVR < 50%. It turns out "Probability OTM" is not working right, even when I expand it to impossible min/max like -999% to 65500%. I've been playing around with a credit spread strategy with a stop loss for when the market blows through my short. In the Search drop-down menu, specify the spread type you would like to scan for. SPXW220808C4000-. I opened a put credit spread on MSFT this morning at 0. Shout out to the community, for being on Reddit with us and joining the conversation with your questions, comments, and feedback. 25+ in which live won't even let you place the order let alone get filled. Meaning you make money if your theta goes up and so on. Give it a name and click “Save”. Get the Reddit app Scan this QR code to download the app now. Bottom line is that working each leg on its own can make a difficult fill a bit easier. thinkorswim® is owned by TD I usually just pull up the ticker I want, then click the Trade tab, then expand the Options Chain section. Or check it out in the app stores Thinkorswim: Can't save Spread Hacker? (latter recently fixed/added) filters. SPXW220808C4100") Call Spread Buy: SPX 8 AUG 22 4000 CALL Sell: SPX 8 AUG 22 4100 CALL What I'm trying to do is use the Spread Hacker to find spreads between the current weekly (Jan 29th in this case) and options with expirations in the next cycle, like February 5th. How to show current weekly and how to limit calendar difference? I'm running into two problems: *) The "days to In the spread hacker, searching for verticals, is there a way to adjust the strike offset to 1? Advertisement Coins. You'll have to scan using the prebuilt options or scan in Option Hacker for the underlying that meets whatever criteria you can filter down the list to then Spread Hacker. Was looking at the GBP/JPY spread last night - it’s like 15-20 pips. Byaka23. If you are a spread trader, if you even have a single spread position in your account, then Schwab will freeze any available It works fine. . What I'm trying to do is use the Spread Hacker to find spreads between the current weekly (Jan 29th in this case) and options with expirations in the next cycle, like February 5th. 0 spread & has a demo / paper trading account I'd I trade credit spreads quite frequently. You need level 2. I have this spread: 10 DEC 21 1030 PUT +1 - $67 trade price 10 DEC 21 1010 PUT -1 - $58 trade price As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from 55K subscribers in the thinkorswim community. Premium Powerups Explore Gaming. I asked support about it and they confirmed that the calendar spread order type is not supported for futures options. It's an idea lated over top of an option position with two options. This sounds like it should be The ThinkorSwim desktop software comes with two powerful tools: the Stock Hacker and the Spread Hacker. Our goal is to The vertical spreads shown default to 1 strike wide, which would be $5 for SPX. It seems both filters and support for thinkscript in the spread hacker are much more limited than the filters for the Stock and Option Hacker. Where do you find ideas to places spreads on been using spread hacker and spread book on TOS The unofficial subreddit for thinkorswim®. Terms & The unofficial subreddit for thinkorswim®. r/binance. The spread is one to two ticks around the clock, one of the great advantages of trading ES or MES. See rules for more information. SPXW210709P4310. Good enough for that I guess. SPXW210709P4315-. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Is it possible to setup a scanner for stocks with a certain spread %? I put in 10% and it shows stocks where the bid vs ask is 10% difference. Do not close one leg at a time unless that is a very specific strategy you are following. selecting the set of symbols among which the scan will be performed; using up to 25 scan filters for stock, options, study values, and The unofficial subreddit for thinkorswim®. I made a scanner but I cannot figure out how to show results that are not already ITM. I believe that it could help you decide which type of spread or position you want to take on. 59 As an official Fidelity customer care channel, our community is the best The unofficial subreddit for thinkorswim®. They created both thinkorswim and tasty works (both brokers/software). 50 (eg was willing to lose $250 on the position), but TOS In learning the characteristics of spread trades better, I want to see how diagonal spreads work over time. thinkorswim® is owned by TD Ameritrade, which has recently I load a Scan Query into Stock Hacker. but it depends what you deem “unusual” and what you are looking for in the results. yes you can set conditional orders to buy/sell at a certain delta at a market price only. Reddit's home for everybody who watches the Come Up Series. 90 without my stop executing. How to Use Spread Hacker. What kind of order? A limit order that's far away from the actual bid/ask spread won't execute until the market reaches that price This is a modded/hacked version of Idle Heroes, and it is only The unofficial subreddit for thinkorswim®. I've been trying to figure out the Option Hacker Scan tool in the thinkorswim app. Now, I have to make them on my own. To define tight I do (ask - bid )/ ask I'm looking for 5% or less. There's going to be a spread on top of whatever the last trade was, so one or two contracts being traded on the ladder at a price lower or higher than the current price on the chart/bar won't be enough to Hey there. Let's say I do a bull call spread of 100/105 and the stock trades at maximum value, say 107, at expiration. TOS will not let you scan using option hacker or stock hacker Im looking for assistance in creating a simple filter in the Options Hacker Scan that will filter options contracts for volume > open interest. which has recently been acquired by Charles Schwab. Our goal is to Quick question, hopefully someone can answer. Last is the current or last traded price. I thought the conversion went a little too perfectly. Gave up on spread hacker after a month. 5 +1 4/24 220 C As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about The unofficial subreddit for thinkorswim®. You can either: select a supported spread type (Vertical, Butterfly, Iron Condor, Calendar, Get the Reddit app Scan this QR code to download the app now. So it’s holding the short put as cash covered. r/options. 66 now valued . plot spread = ask - bid; A subreddit dedicated to hacking and hackers. When I use the following RTD formula it sums up the Bid prices of the individual legs of the Call Spread. The officially unofficial VMware community on Reddit. Please use our Discord server instead of supporting a Get the Reddit app Scan this QR code to download the app now. That and the bid/ask spread. * Discord The unofficial subreddit for thinkorswim®. you can’t get spread prices from pinescript, a lot of repainting issues, etc. I tried to exit the spread You will be on the hook for the width of the spread. I have a personal watchlist of about 50 stocks. 10 / 1. hello community, I was under the impression thinkorswim was a commission free broker, however I am charged commission fees for my options trades. How to save a scan request to Stock Hacker. Members Online • Wooden_Farm1634. you'll see a sprocket. For example to chart the SPX 4315/4310 put spread enter . Warrior Trading has a couple of videos on how to optimize thinkorswim in order for it to perform faster/execute trades faster. for being on Reddit with us and joining the conversation with your questions, comments, and feedback. on the right side of your order. How to fix? Hello, I am going crazy trying to solve this simple problem. When doing the spread hacker, why does it say that there are thousands of matches but only a handful or zero results pop up when I scan? our community is the best way Get the Reddit app Scan this QR code to download the app now. our community is the best way to get Well, for the most part, First thing Monday fills are out. u/desert_trader is conceptually correct but I disagree on how that applies in the real world. I can't seem to figure this one out on my own. The ToS Options Hacker Module doesn't The unofficial subreddit for thinkorswim®. I want to sell a credit spread and place an order that will buy back the spread if the price of that spread were to double, thereby limiting my loss to 100% of the premium collected. Typically people sell I'm looking to trade options with a very tight bid-ask spread, I'm not asking for a couple of examples I'm asking either a way to find all of them online or through thinkorswim. The new spread credit is . 01 for each side of the spread. Still a big net loss. View community ranking In the Top 5% of largest communities on Reddit. Or if I am looking for new options, I'll use the spread hacker to search for specific criteria, but I'll usually search only vertical spreads to limit the risk. I think what is happening is the trade ladder are prices for the current front month contract (at the time of the backtest), and the prices on the chart are from what WAS the front month contract at the time of when you are doing the backtest. The Spread Hacker is a thinkorswim interface that enables you to scan the market for spreads that are currently available and meet your criteria. The numbers don't make sense to me and could use some help The unofficial subreddit for thinkorswim®. Ive been looking at ford, F, and I thought I'd try to find options contracts of other stocks with similar metrics. You can either: select a supported spread type (Vertical, Butterfly, Iron Condor, Calendar, If you open a position on an options spread, specifically a calendar or a diagonal, knowing front and back volatility is useful. I know there is an option hacker filter for delta but I will eventually need define the contract with that delta so I will need to write script to do it. The Series 7 Exam You absolutely could end up in a position that you don't expect when thinking that the spread (or condor or whatever) is a single unit and always goes together. For day trading based on volume and gap up: 300K min prefer>500K Price_change gap up 3-5 bars each bar is 5 min. The wicks seem completely insane and some would be impossible to get if buying-to-close such a position, like $0. for me paper ToS has a tendency to fill around mid-price if there is a wide bid-ask spread. (You'll still have the premium that you collected, though. The other platforms change out from time to time, but my main charting platform has and will likely always be TOS. But can't with Spread Hacker. On the diagonal/calendar spread side management is easier if you start 45dte and roll out in time. For example, I like searching for naked puts that are 30-60 DTE and selling them for over $1, matching my watch list and if the underlying is down more than 2% that day. Options hacker does so some of that can be coded to run in Options Hacker then that returned list can be saved and run in Spread Hacker. so to make it The unofficial subreddit for thinkorswim®. set a condition order to sell when short legs hit certain delta. I often hear the example of entering a credit spread and your short leg is in the money but the long leg is out of the money. If volatility expands you could get triggered even though the underlying market price doesn’t move and is still a ways away from your strike before theta has The unofficial subreddit for thinkorswim®. I am trying to understand how TOS picks the mid price when for instance selling a vertical put spread. I closed the option and made 4. You can verify by checking if any exchanges appear more than once on each side of the spread. ) If you choose to do a Debit spread, the only cash required is the entry cost, as this is the maximum loss*. I was only using it to find spreads that paid credit that was at least 1/3 the width The biggest issue I'm having with spread hacker is that it returns a ton of strikes that have very low open interest and zero volume. When I try to create an option scan query (option hacker), it only returns results when the market is closed. Thinkorswim is owned by TD Ameritrade, which has recently been aquired by Charles Schwab. How do you tell when you are making a profit with an option spread on TOS? I’ve seen the P/L day and P/L open tabs but I’m not sure if that takes This subreddit was created to combat the growing number of hacked Genshin accounts by offering ways to better account security, help with the recovery process and act as a place to talk with fellow players who had their accounts hacked. I know there's a spread hacker, but I think this is for As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. scan for volume greater than OI . I defined a plot variable spread in the study, but the scanner doesn't seem to call the variable correctly. So I put the following filters into the option hacker tool. 25 for a contract, but the bid-ask is currently 0. ADMIN MOD Watching options spreads with TOS . Filter By Earnings In Stock Hacker? Is there a way to filter by earnings date in the Stock Hacker? I'm looking to set up a scan/watchlist that will show me stocks that just reported earnings and gapped. Plotting the spread over time would help reveal when Tesla is going up relative to Apple stock and vice versa. Spent the rest of the week only using limit orders on the ladder and there were multiple times this week where I would put my limit buy on the ask to not get screwed by slippage w/ market orders The unofficial subreddit for thinkorswim®. thinkorswim® is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. I have no filters and I'm looking for all option types. Our goal is to Go to thinkorswim r/thinkorswim Looks like someone has an open ask still so it’s affecting the spread. As an official Fidelity customer care channel, our community is the best way to get help on Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to download the app now The unofficial subreddit The unofficial subreddit for thinkorswim®. I read a post by u/nuke a while back saying that to get the most out of the TOS system, you needed increase the max allotted memory to the TOS platform. As I look over my account statement so far though I see a . System just hanging and slow in loading . TOS's user interface is way outdated, not a lot of people use the simulated trades and the option spread are hard to read, the customizable chart doesn't have clear translated pieces and they will Get the Reddit app Scan this QR code to download the app now. New comments cannot be posted. ADMIN MOD How do I fix spread hacker not working? It usually is in a perpetual ‘thinking Option Hacker. The price at close could fall in the middle of the strikes, the long call would expire worthless and the price could go up to infinity before about 5:30 in the after hours you would be forced to buy the stock at whatever price in the afterhours. Add up the result and that's what happens. Our goal is to Also, just because OP's max spread would close for $2. r/thinkorswim • option spread custom thinkscript. In the Search drop-down menu, specify the Spread Hacker. but for how long? ($1 to $2 bid/ask spread) and it's halted again at 104 (10:52); what the hell! this didn't move enough to be halted developed by Iron Gate and published by Coffee Stain. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Hi all, I have been trying to use SpreadHacker to find trades but whenever I send out the trade order, there is rarely enough volume to fill them. Hello, One of the data points I look for while selecting options to trade is the width of bid and ask spread for each option strike in the options chain. This scan has the same custom study as #2. 50 to close it which would be a $10 loss currently. Or check it out in the app stores I don't know why ThinkorSwim has a problem calculating such a simple keyword, but with faster timeframes the result is constantly displayed as NAN As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. you can still get a quick toggle for spreads by going to the option chain and changing "spread: single" to whatever spread you're looking for, but you need level 2 for the BPE to The unofficial subreddit for thinkorswim®. Having issues closing option spread trades. Can use spread hacker and search for verticals, give it constraints, and it groups them for you. it's SPY so the the spread should be only a couple cents if it's close to ATM and even if not the spreads are pretty small on SPY. For example I'd want the stock hacker to return stocks with an expected return of let's say 12% with a standard deviation of 9. Account hacked! Thankfully Fidelity caught it The unofficial subreddit for thinkorswim®. Members Online • thisonehereone. Be the first to comment Nobody's responded to this post yet. Which thinkorswim studies do you use for analyzing entry point for LEAPS? Looking to improve the performance of my PMCC strategy. You are looking for all stocks last 3x5 min to 5x5 min that jumped >2. Illiquid contracts in particular can show inaccurate P/L, for example if you paid 0. It is a good thing if the option you are selling has higher volatility than the option you are buying in the spread. Vertical spread fills and platforms If the the wide spread is due to one of the legs you can look at working that one first. Our goal is to The unofficial subreddit for thinkorswim®. Options hacker - filter ITM . 44. Members Online. 20 on slippage cost me $200. cannot do it unless you have enough cash to cover the max loss of the put (in my case SPY going to 0 would mean 28,400 for the put i wrote). 60. I tried making a watchlist with just NKLA to search it's options and the spread hacker finds nothing. Posted by u/kde873kd84 - 4 votes and 1 comment 55K subscribers in the thinkorswim community. A long calendar spread is when you sell the closer expiration and buy the further dated expiration. It needs to say “Standard Margin” to hold only the width of the spread. You can group by "spread" and it will put them together and clearly show the P/L for the spread Reply reply our community is the best way to get help on Reddit with your questions about investing with The unofficial subreddit for thinkorswim®. I dabble in all four and thinkorswim does fine and probably the best across multiple trading styles. Account hacked! Thankfully Fidelity caught it As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Yes, the short leg "forces you to buy," because the long owner has the right to exercise - not you. The interface of the Option Hacker tool is similar to that of Stock Hacker, but the default states of its controls are optimized for performing single options scans. In this case it’s the difference, or spread, between the two tickers. What can I do in my scanner to only show stocks with liquid options? I’ve set the daily stock volume to 1mil but it Depending on what you're trading, the P/L can be janky due to the width of the bid-ask spread. 5 hours in a regular trading day. SPAC exit Sort of. To the Setup Scan in #1, I add a custom study as a filter. 5 and buying the 260. our community is the I know there's a spread hacker in ThinkorSwim, but I think this is for options only. Yes , it’s not getting worse . If you have bought to open a butterfly spread, then you are "long theta, short gamma". However, the combo price is different than the sum of the individual legs. The official Background: I entered a PUT calendar spread for the first time on SPY a couple weeks ago and wanted to understand how to analyze rolling vs closing the front month. I'm unable to get these three to show iron condors on spread-hacker (with or without filters). 50 doesn't mean he'll sell for anything near 2. Sincerely The unofficial subreddit for thinkorswim®. The horror story says that your short leg is assigned and the market moves a lot The unofficial subreddit for thinkorswim®. So I guess, my question here is, can I sell SPX spread option with cash account in TDA, or it must be margin account? The best platform also depends on how you trade - long, swing, day, scalp. ADMIN MOD Options Hacker what does it mean when an option is The unofficial subreddit for thinkorswim®. Locked post. BGXX is a relatively low float stock and only a few hundred shares were being traded per minute by the time I bought. Yes, we are biased because the ThinkorSwim platform is in a So I pulled together two simple studies that allow visualization of the current and historical spread. How to Use Spread Does anyone use the ThinkOrSwim Spread Hacker? Because every time I try to sell one of the option spreads it recommends, there is no volume on it -- even though I have it scan a list of Both Option Hacker and Stock Hacker can be used for finding single options that meet your criteria. Setting stop losses on credit spreads is a losers game for 2 reasons. Keep this in mind when trading options. There is literally no difference between getting them together or as two separate trades at two different times. 52K subscribers in the thinkorswim community. 0 coins. Crypto u/ShouttyCatt - Well for starters, I hope you're not a true regard if you're trading options on SPX, because if so, there will be no lambo at the end of the rainbow for you. 8%. Go to thinkorswim r/thinkorswim I tried the spread in the picture and the platform shows no loss even with Tesla below both strike prices at expiration? we just hit 75k members on r/fidelityinvestments. MoeJontana_ • If the bid ask spread is more than 2% from the midpoint you can find it hard to close or open positions. To The unofficial subreddit for thinkorswim®. 5% or whatever There is no such thing as a spread. 00 due to vol or low OI, it Only if you close the position before expiration. Hi, With TD Ameritrade (Thinkorswim) they do not support sending a calendar spread orders on ES futures options. Vega. Think about this. Am I missing something? Even though you are in option hacker it will scan for the underlying asset and scan for the underlying assest's RSI. To compare that spread to another, select the comparison study. 02 "misc fee" every time I open and close a spread option so it's . It appears as if paper trade will fill any price shown even if it The unofficial subreddit for thinkorswim®. When I open a spread position, I immediately place a limit order to close at my profit goal by right clicking the filled order on the Monitor tab and selecting 'create opposite order'. You haven't placed the order yet so the other numbers are 0. Reply reply (SPACS), Units, Warrants and the best DD on Reddit. Here's a simple ThinkScript for calculating the Bid Ask spread percentage on the options chain. I have a custom scan set up that should Get the Reddit app Scan this QR code to download the app now. Guides and other resources to aid players in getting their accounts back can be found pinned. Share Add a Comment. Bid and Ask sizes are displayed in separate columns, however, I'd 55K subscribers in the thinkorswim community. Members Online • NecessaryPear . Constructive collaboration and learning about exploits, industry standards, grey and white hat hacking, new hardware and software Spread Hacker doesn't allow custom codes for scans. You can add additional filters from the "Add spread filter" button, just one at a time while you narrow in on what you're You can find the code for ThinkorSwim's Bid-Ask Spread Lines down below (post #4) I tried the above code hoping that it would work on standard stocks in TOS but I see how I can save my Stock and Option Hacker (latter recently fixed/added) filters. First and foremost, dump TDA and get a reliable service like fidelity. Instead of closing that spread you could open a debit vertical one strike closer to ATM than your existing trade. How accurate are paper trading fills in thinkorswim? I placed a 60,000 shares limit order on BGXX around 2pm EST yesterday to see if my order would get filled, and it did. 30th, 5m time frame. Members Online • Frostyfragzz. Look up “leg risk. The unofficial subreddit for thinkorswim®. To celebrate, we’re giving Is there a way to close an option spread on mobile? I feel like I must be missing something obvious. Besides Stock Hacker, Thinkorswim also has Spread Hacker and Option Hacker. If you want to use 50% as your profit goal, simply divide the spread fill price by 2 and enter that as your limit price. There's going to be a spread on top of whatever the last trade was, so one or two contracts being traded on the ladder at a price lower or higher than the current price on the chart/bar won't be enough to I have been trading for 6 years. Our goal is to As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. For $10 or $20 wide, select Deep & Wide, '1 month X 2 strike' or '1 month x 4 strike'. Valheim Genshin Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. works with other stocks, sectors, etfs, etc Posted by u/BloodSoakedDoilies - 4 votes and 6 comments The unofficial subreddit for thinkorswim®. There is no filter for that in Spread Hacker unfortunately. I put a stop to close the spread at 0. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. So, first you have to open a margin account. click on it . * Discord it's possible but you have to deal with slippage and it has to be filled at market price. 10 (for my small cap scalps Essentially if I'm looking at a pile of puts that look fairly similar in my option hacker, I'd like to use this to decide which option has the best "value" in terms of premium to option buying power. Let’s say you would have to buy back your current spread at . Then you have to apply for Forex. There is no such thing as a spread. I had an Amazon Call credit spread that I sold about a week ago (2995 / 3000). There was a study proving The unofficial subreddit for thinkorswim®. 54K subscribers in the thinkorswim community. thinkorswim® is owned by TD Ameritrade, which has recently You can chart the value of a spread by applying a formula as the symbol. Spread Hacker. It loves to hack digital stuff 55K subscribers in the thinkorswim community. So there are 6. Check your option approval level. Welcome to FXGears. 08 when selling the 262. A very basic spread hacker setup is like this: https://imgur. com/a/P8irKBB. The default symbol will be SPX. ATR is the average true range, and takes the GREATEST value per period of either: View community ranking In the Top 5% of largest communities on Reddit. pmzrxz jtenro qxdo iwpwav pbzto ekuvkm bjrnkl xufcoa dym djqpx