IB have dynamic pegging mid price order with +/- offset for combos

Discussion in 'Interactive Brokers' started by IBRex&me user, Jul 29, 2020.

  1. l am having trouble finding an order that pegs the mid point +/- offset, for option combo orders. Does IB have one? I thought snap to mid was it, but found out its not dynamic. instead stays same as the underlying moves. Thanks
     
  2. guru

    guru


    Only for single options, not combos. Nothing like you described at IB for combos.
    Schwab acquired a company that owned a patent on similar Walk Limit Orders (not exactly the same but may have additional parameters, I haven’t used it)
     
    Last edited: Jul 29, 2020
  3. a helpful member of Elitetrader informed me of https://www.interactivebrokers.com/en/index.php?f=14735
    thing is, does pegging to midpoint volatility, translate to ~ midpoint in bid ask spread when buying or selling? pegging to volatility seems a bit abstract?? opinions.
     
  4. guru

    guru

    Actually this may work since IV is derived from option pricing. Though I'd also prefer to specify my order parameters in dollars and cents, including the limit price and offset amount.
    Trading purely on vol may need some getting used to, but could be worth trying.
    Curious about others' experience with these order types.