TradeStation Help

Position Search Wizard - Underlying Asset/Existing Position

The Underlying Asset/Existing Position window is where you enter one or more Underlying Assets to change. If you do not know the symbol for the underlying asset, you can press the Lookup button, which will bring up a dialog that will allow you to find the symbols you wish to consider. Underlying Stock and Index symbols are the only valid symbol that search can analyze, do not enter specific option root symbols.

You will be able to make your selections from all the available optionable stock and index symbols. When you select the underlying asset(s), the Search automatically links each underlying asset with all its corresponding options based on your proximity settings for strike and expiration date.

You may select more than one underlying asset on which to search. For example, if three stocks are listed, the search will include the options of all three stocks. By selecting multiple assets, you may compare one asset's option positions with another.

Adding a Symbol to the Search

1. Type the underlying asset symbol you want to consider for this position search. To find a symbol, click Lookup.
2. Click Format to specify the strike and expiration proximity for the options that will be considered in the search. You can also specify the bar interval, select a session, and choose display settings.
3. Under Underlying Asset,
   • Verify each symbol to be considered
   • Select the position type using the arrow in the Position column.  
   • Specify the quantity and average price for each symbol.
4. Click Add Leg / Remove to create/remove a leg for the selected asset. Use the symbol drop-down list to select the option expiration and strike price symbol. Each leg parameter can be changed using the arrow next to each item. In addition, a quantity and average price needs to be specified for each symbol.
5. From the wizard, click Next to continue or click OK to close the window.