New position after rolling

[T Lin]

Hello,

I am testing a strategy while I sell a put vertical. When a condition is met, the vertical will be rolled. But before the rolling position closed, I don't want any new put vertical open. How can I do this?

Below is the link and with this code, new position opens before rolling vertical is closed.

https://think.optionstack.net/zs/3/k-fPzywolx9dQzPEa4IqCEw9pSCUfeBChriz72bcZxu+SfPG3TCD83fENIF15HSk3U

Thank you!

T Lin

[OptionStack]

If you want to prevent any new positions from being entered while a "rolled position" is still open, you can use the netOpenPositions method to check if there are any rolled positions open, and only enter a trade if no positions are open.

In your example, only trade Put Vertical WHEN:

•  VIX is between 25 - 32 AND
• netOpenPositions (Rolled Position) equals zero

Here is an example:  Check For Open Rolled Positions Before Entering Trade

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