Spread between bid and ask in certain option strike price.

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Hello Pete

I had a question on easy language in TS.

As you see in the attached pic of MSFT the strike price of 172.50 has a bid of 6.90 and a ask for 7.00, so a 10 cents spread

How can it be calculated in easy language to check for spread, that if the spread is 5 cents and lower then buy MSFT that strike price otherwise cancel buy.

Any thoughts.

Thanks.

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Posted by (Questions: 9, Answers: 8)
Asked on April 29, 2020 12:50 pm
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I am not aware of any methods on TradeStation that would use custom code to buy an options contract. The prerequisites you mention might be built into a custom scan. But TradeStation does not provide any way to automate the buying and selling of options from a custom chart strategy.

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Posted by (Questions: 37, Answers: 4118)
Answered on April 29, 2020 1:32 pm
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