The decision recipe for comparing an underlying symbol’s price to a position leg has four inputs:
- Above / below
- Long / short
- Call / put
This decision recipe allows you to make decisions based on a position’s underlying price relative to an option leg in the position.
Because comparing an underlying symbol’s price to a position leg decision recipe uses information from an existing position inside a bot, it is typically used in monitor automations and after a repeater action.
The first field prompts you to choose an existing open position inside the bot. Each existing position in the bot will be linked, and this field will pull in the necessary data from the position.
In the second, third, and fourth fields, you will define if the underlying position’s price is above or below the long or short strike of a call or put option leg in the position. When you have finished creating the recipe, select “Save.”
The decision will be added to the list of criteria. You have the option to add more decisions to the recipe or return to the automation editor. When finished, select “Save” again to return to the automation editor.
The automation editor will display your completed decision criteria for comparing an underlying symbol’s price to a position leg.
You can always select the decision inside the automation editor and make changes to the criteria.