Close short and long position on strike touch
complete
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JOHN Y
I would like to request closing out a position based on touching the short strike. It would close out the long and short strike. Currently, the way REL works, it only works on the short strike. Having a way that TAT would either set the position to close, or track it to close the long, would be beneficial.
Certain strategies such as a DC with a rule that says to close out on touch can only be automated if both short and long can be closed with that rule.
K
Kyle L
complete
S
Stefan S
As this is now unser review, I'd like to add: For Double Calendar trades, OO backtests suggest that it is often beneficial to exit not on touch, but to allow a certain amount of "overrun", e.g. -0.5% or -30 points (the minus sign denoting "beyond" the strike). If this could be specificed, separately for the put and the call calendar of a DC trade, perfect.
K
Kyle L
under review