Does this package supports option trading?

[kowkowhuang]

Hi, Just wondering we can use this package to develop out own option trading python script.

[peter-oroszvari]

It supports most of the endpoints of the API and trading endpoints are implemented... But you have to put together the whole from the parts, so if you could describe a use-case of what you would like to achieve, it would be easier for me to answer whether it is feasible or not.

[kowkowhuang]

Hi Peter,

For example, we want to fetch today's SPX (weekly) option chain, get the index of both call and put option strike price (e.g. +/- 25 strikes), each strike's bid/ask price, delta of the option.

Then

Place a vertical spread options (e.g. sell 4190 call buy 4195 call) as an order.

Then close this order at a lower price....etc.

[peter-oroszvari]

SPX strike prices: you'll need the dxfeed module and the token provided by Tasty through their API (which is also implemented) to access the feed.

Place orders: yes, you can...

So all in all I think it's doable, yes....

Hint: it seems like a basic automation, which might be done easier with an optionalpha bot...

[kowkowhuang]

Hi thanks for explaining.

Our strategy is far from a basic automation that can be done via OptionAlpha. but we look forward to building a TastyTrades adapter.

[peter-oroszvari]

Steps:

• get dxfeed token
• get option chain: TastytradeInstruments class, get_option_chains method (returns only the available strikes!)
• subscribe to the Trades and Quotes channel to get continuous market data for the given strikes

Then use the TastytradeOrder class to place orders.... Hope it helps...

[kowkowhuang]

Hi Peter will you be interested to work with us (under paid contract) to develop this TastyTrade API for our trading bot?

[peter-oroszvari]

Hi, please get in touch with me in an e-mail: peter@oroszvari.hu