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 condition
`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)Use in a strategy
Add this indicator to a strategy condition, choose its supported parameters and compare the output with the threshold required by your rule. Preserve the same interval and lookback when comparing backtests.
After saving the condition, inspect its asset, interval, lookback and comparison operator against the parameters above. If no trades occur, check whether the condition ever became true and whether the requested input data exists for that period. A missing input is not a zero-valued signal. An indicator produces an input to a rule. It does not establish future returns, and data availability can differ across assets and periods.