Take Profit Stop Loss order for OPTION that is already bought

[vinodshinde]

Hello,
I have an option that i had already bought and in my account. I am trying to place a TAKE PROFIT / STOP LOSS order but it is giving following error

{"message":"Parameter error, invalid side, value: SELL","error_code":"OAUTH_OPENAPI_PARAM_ERR"}

Looks like it does not like the MASTER order of SELL side in the payload.

So i removed the MASTER order from the payload but it gave following error,

{"message":"Parameter error, invalid combo_type, value: [\"STOP_LOSS\",\"STOP_PROFIT\"]","error_code":"OAUTH_OPENAPI_PARAM_ERR"}

Payload:

{ "account_id": "9SJ4JSFGOOQO5MMCIV9AO4J4F8", "client_combo_order_id": "5e9c84ea-ac35-4942-b014-4c53761687c4", "new_orders": [ { "client_order_id": "0fb7da74-0d6c-4712-9697-8e1df62c35df", "combo_type": "MASTER", "option_strategy": "SINGLE", "instrument_type": "OPTION", "entrust_type": "QTY", "support_trading_session": "CORE", "symbol": "SOFI", "market": "US", "side": "SELL", "order_type": "LIMIT", "time_in_force": "GTC", "limit_price": "6", "quantity": "1", "legs": [ { "side": "SELL", "quantity": "1", "market": "US", "instrument_type": "OPTION", "symbol": "SOFI", "strike_price": "30", "option_expire_date": "2027-01-15", "option_type": "CALL" } ] }, { "client_order_id": "1df759fd-a198-4ab4-8b58-e8f275ac605c", "combo_type": "STOP_PROFIT", "option_strategy": "SINGLE", "instrument_type": "OPTION", "entrust_type": "QTY", "support_trading_session": "CORE", "symbol": "SOFI", "market": "US", "side": "SELL", "order_type": "LIMIT", "time_in_force": "GTC", "limit_price": "6", "quantity": "1", "legs": [ { "side": "SELL", "quantity": "1", "market": "US", "instrument_type": "OPTION", "symbol": "SOFI", "strike_price": "30", "option_expire_date": "2027-01-15", "option_type": "CALL" } ] }, { "client_order_id": "15eb99fb-3204-4f42-aab4-7f21c851fcb7", "combo_type": "STOP_LOSS", "option_strategy": "SINGLE", "instrument_type": "OPTION", "entrust_type": "QTY", "support_trading_session": "CORE", "symbol": "SOFI", "market": "US", "side": "SELL", "order_type": "STOP_LOSS", "time_in_force": "GTC", "stop_price": "1", "quantity": "1", "legs": [ { "side": "SELL", "quantity": "1", "market": "US", "instrument_type": "OPTION", "symbol": "SOFI", "strike_price": "30", "option_expire_date": "2027-01-15", "option_type": "CALL" } ] } ] }

Please give me an example of correct payload that i can send for TAKE PROFIT / STOP LOSS order.

Thanks,
Vinod

[yuanou1123]

Currently, the OpenAPI does not support placing take-profit and stop-loss orders against an existing order; it only allows the master order and take-profit/stop-loss orders to be placed together. The available combinations are:
MASTER + STOP_PROFIT
MASTER + STOP_LOSS
MASTER + STOP_PROFIT + STOP_LOSS
In the meantime, the trading direction of the MASTER order must be opposite to that of the associated STOP_PROFIT/STOP_LOSS orders.

Therefore, the reason for the order failure in the given example is that the MASTER order and its corresponding STOP_PROFIT/STOP_LOSS orders have the same trading direction, which needs to be adjusted to the opposite one.

[vinodshinde]

Thanks for the reply.
Is there any timeline for this feature to be available?
This is the only thing that is stopping me from automation.
The mobile app does support placing a Take Profit/Stop Loss order on an option that is already bought.

[yuanou1123]

No relevant plan yet. Orders can only be placed simultaneously at present.

[vinodshinde]

Hello,
I am using the TEST account id J6HA4EBQRQFJD2J6NQH0F7M649 from your web site. The account balance is always negative as shown below. Can you please update the balance to some high positive number so that i can test my order placing code.

Thanks,
Vinod

{
  "total_asset_currency": "USD",
  "total_net_liquidation_value": "18504.31",
  "total_market_value": "269457.11",
  "total_cash_balance": "-250952.81",
  "total_unrealized_profit_loss": "3191.86",
  "total_day_profit_loss": "268362.11",
  "account_currency_assets": [
    {
      "currency": "USD",
      "net_liquidation_value": "18504.31",
      "market_value": "269457.11",
      "cash_balance": "-250952.81",
      "settled_cash": "-250952.81",
      "unsettled_cash": "0.00",
      "buying_power": "-250952.81",
      "option_buying_power": "0.00",
      "night_trading_buying_power": "0.00",
      "unrealized_profit_loss": "3191.86",
      "day_profit_loss": "268362.11"
    }
  ]
}

[yuanou1123]

The test account has had its purchasing power increased. Please be aware.

[lechiefe]

Please consider adding the same feature for stock trades as well. It is very common to want to attach a stop loss/take profit to an existing order.