INPUT: The Underlying Stock or ETF (Input example: PBR, KB, or SPY) CONSTANTS: A Call Option (CALL). Nearest Term (NT) = Least number of days to expiration. In-The-Money (ITM) = Delta closest to .90 but not higher. OUTPUT: An Option Code How do I perform this function automatically based on the input value and get an option code returned for the output. I happen to be using Multicharts PowerLanguage .NET.
Heck, man. Your Christopher Columbus. We should be asking you. Any luck at the Multicharts forum or documentation/support?
I haven't agreed to purchase it yet and they only let those users in. I'm still in trial mode and not entirely convinced that it's the best platform. Having access to other users might sway me. So far, I remain only optimistic. In my estimation, three basic types of traders exist: day traders (in and out the same day, no hold overnight), swing traders (short-term), and long-term traders. In my estimation, options can also be traded in two ways: Either for leverage, or for protection. I choose protection for long-term. This involves owning the underlying, and a put. This is called a married or protective put. For day trading, I choose leverage, but with a very small amt of capital at risk on any given day.
The last I saw, MC has chosen NOT to support options trading. I own the EL version of MC. A MC Forum search for "Theta" turned up zero posts.
Moved to programming topic area. Here is the continuation of this https://www.elitetrader.com/et/thre...st-term-deep-in-the-money-call-option.308065/