OTO Orders For Options In Interactive Brokers' TWS?

JoeA

Member
Suppose my portfolio consists of the following put spread in SPX:

+1 4480 / -1 4485.

Now, I want to setup an OTO ("One-Triggers-Other") order. If the last-traded price of the short 4485 options contract reaches $5.00, market-buy to close the position. IF THAT ORDER IS EXECUTED, market-sell the long 4480 contract to close that position.

It doesn't seem possible to submit this type of order in TWS - is there a workaround? Thanks in advance, everyone.
 

tom

Well-known member
Administrator
Seems like you should be able to setup a conditional order to do this. Why couldn't you setup an order to close the spread at the market if the 4485 option price is greater or equal to $5?
 
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