Conditional order for option based on bid ask spread


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Hello Pete

Is there any way to check the Spread between Bid and Ask before entering a trade.

e.g

Below is an order to buy 10 option calls on google, but the bid is at $3 and ask is at $3.90, so the SPREAD IS 0.90.

How can the spread be checked before entering a trade, meaning that if the spread is 0.30 cents then enter the trade otherwise Cancel the Trade.

Below is the option call.

BUY +10 GOOG 100 (Weeklys) 25 JAN 19 1087.5 CALL MKT MARK

Thanks.

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Posted by (Questions: 9, Answers: 8)
Asked on January 25, 2019 11:12 am
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Private answer

Documentation from Thinkorswim claims this should be possible. However when I build the code and test it in the Study Alert I find it does not work. Sorry.

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Posted by (Questions: 37, Answers: 4084)
Answered on January 27, 2019 11:38 am