64 lines
1.4 KiB
Markdown
64 lines
1.4 KiB
Markdown
# Options Orders
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This page provides examples of valid order payloads
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# Tier 1 Orders
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## Sell a Covered Call
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```
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{
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"symbol": "AAPL231201C00195000",
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"qty": "2",
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"side": "sell",
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"type": "limit",
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"limit_price": "1.05",
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"time_in_force": "day"
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}
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```
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Note, the account must have an existing position of 200 shares of AAPL as the order is for 2 contracts, and each option contract is for 100 shares of underlying.
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## Sell a Cash-Secured Put
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```
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{
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"symbol": "AAPL231201P00175000",
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"qty": "1",
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"side": "sell",
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"type": "market",
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"time_in_force": "day"
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}
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```
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Note, the account must have sufficient buying power. The account must have ($175 strike) x (100 shares) x (1 contract) = $17,500 USD buying power available.
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# Tier 2 Orders
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## Buy a Call
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```
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{
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"symbol": "AAPL240119C00190000",
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"qty": "1",
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"side": "buy",
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"type": "market",
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"time_in_force": "day"
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}
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```
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The account must have sufficient buying power to afford the call option. If the market order is executed at $5.10, the account must have ($5.10 execution price) x (100 shares) x (1 contract) = $510.00 USD buying power.
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## Buy a Put
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```
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{
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"symbol": "AAPL240119P00170000",
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"qty": "1",
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"side": "buy",
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"type": "market",
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"time_in_force": "day"
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}
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```
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The account must have sufficient buying power to afford purchasing put option. If the market order is executed at $1.04, the account must have ($1.04 execution price) x (100 shares) x (1 contract) = $104.00 USD buying power. |