closing iron condor

[ramb...@gmail.com]

Hi

I leg into iron condor, so I can manage each spread independently.

But at the same time I wand to set a "WHEN" rule to close the whole position (both call and put spreads simultaneously) when the return on max reward of both spreads combined is => 0.5

the "code" should look like this:

WHEN 

order SellCallVertical 1 ruturnOnMaxReward 

and

order SellPutVertical 1 ruturnOnMaxReward 

=>0.5

Do

close Order  SellCallVertical 1

close Order  SellPutVertical 1

I don't seem to find the appropriate blocks for this condition

Would appreciate your help

[OptionStack]

You can model your exit condition as follows:

WHEN:

• returnOnMaxProfit (Put Vertical) >= 0.5 AND
• returnOnMaxProfit (Call Verical) >= 0.5

• • Close (Put Vertical)
  • Close (Call Vertical)

Here is an example of legging into Iron Condors and closing the Put / Call Verticals when both verticals have returnOnMaxProfit > 50%:

Legging Into Iron Condor

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