Option Spread Entry Price
Returns the net price per share paid or collected to open the option spreads matching the filter: positive for a net debit, negative for a net credit. Several matching spreads average by contracts. Has no value when no matching spread is open. Use it as an option limit amount to price one spread off another spread's fill; wrap a credit spread's price in Absolute Value first, because a limit must be positive.
Option Spread Entry Price
Definition
Returns the net price per share paid or collected to open the option spreads matching the filter: positive for a net debit, negative for a net credit. Several matching spreads average by contracts. Has no value when no matching spread is open. Use it as an option limit amount to price one spread off another spread's fill; wrap a credit spread's price in Absolute Value first, because a limit must be positive.
Parameters
Underlying (optional), Option Type (optional), Direction (optional), Spread Type (optional)
Output range: -∞ to ∞ (dollars per share)
Example
`Minimum net credit = Option Spread Entry Price (SPX · long · call · vertical) + 0.50` (Sell the next spread for the held debit spread's fill plus $0.50)
Full indicator reference