- ago
Can I use Wealthlab to monitor and manage exits on my manually entered positions? I enter 80 Deltas long calls and have stop losses and rolls that i would like to automate?

Thanks,
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- ago
#1
Any thoughts if i can use it this way?
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Glitch8
 ( 10.71% )
- ago
#2
I don't have a clear idea of your process. You enter a bunch of options positions manually and you then want to submit the exits in a more automated fashion? Are the rules around the exits?
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- ago
#3
i would it to act on any long call position. Exit rules are based on ATR values and perform rolls in strike price based on delta and extrinsic value and a week before expiration to roll out the next 21 days.
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Cone8
 ( 26.17% )
- ago
#4
QUOTE:
Can I use Wealthlab to monitor and manage exits on my manually entered positions?
>> Yes. But based on just asking the question (and if you're not a programmer) you'll probably need to use the Concierge Service to make this happen.

If you're using IB or Schwab, there are programming examples for options in the Help (F1).

More info/examples in this blog:
Backtest and Auto-Trade Options with WealthLab
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