def sell_credit_spread(symbol: str, quantity: int, price: float,
expiration_date: str, sell_strike: float,
buy_strike: float, direction: str):
leg1 = {
"expirationDate": expiration_date,
"strike": sell_strike,
"optionType": direction,
"effect": "close",
"action": "buy"
}
leg2 = {
"expirationDate": expiration_date,
"strike": buy_strike,
"optionType": direction,
"effect": "close",
"action": "sell"
}
spread = [leg1, leg2]
order = rs.order_option_spread('debit',
price,
symbol,
quantity,
spread,
timeInForce='gtc')
cancel = order['cancel_url']
add_event_log('function[sell_credit_spread] {0}'.format(order))
return cancel
def buy_credit_spread(symbol: str, quantity: int, price: float,
expiration_date: str, sell_strike: float,
buy_strike: float, direction: str):
"""Places the order to open a Credit Spread position
:returns Cancel url"""
leg1 = {
"expirationDate": expiration_date,
"strike": sell_strike,
"optionType": direction,
"effect": "open",
"action": "sell"
}
leg2 = {
"expirationDate": expiration_date,
"strike": buy_strike,
"optionType": direction,
"effect": "open",
"action": "buy"
}
spread = [leg1, leg2]
order = rs.order_option_spread('credit', price, symbol, quantity, spread)
add_event_log('function[buy_credit_spread] {0}'.format(order))
return order['cancel_url']
#!!! Fill out username and password
username = ''
password = ''
#!!!
login = r.login()
#!!! WARNING - Some option spreads have UNLIMITED risk.
#!!! Note - Make sure to check the prices of option legs before placing a spread order. Some vertical spreads carry more risk.
#!!! Note- When you open a sell position, in order to close it out you have to "buy to close" or in other words, you have to
#!!! buy the same call option but with effet : close. In contrast, when you buy a call you then have to "sell to close".
#!!! An example bull call spread (net debit). For Plug Power currently at a price of 3.10 on October 20th, 2019.
leg1 = {"expirationDate":"2019-12-20",
"strike":"2.00",
"optionType":"call",
"effect":"open",
"action":"buy"}
leg2 = {"expirationDate":"2019-12-20",
"strike":"4.00",
"optionType":"call",
"effect":"open",
"action":"sell"}
spread = [leg1,leg2]
#!!!
order = r.order_option_spread("debit", 3.10, "PLUG", 1, spread)
print(order)