Template loved by both option Buyers and Writers

Option convertor is a simple Plug and Play template to be applied at the bottom of any AFL that you wish to convert into Options.

It has two modes

First one is for Option Buyers : When a Buy signal is generated on underlying script using your AFL, this template will generate a Buy signal in Call. and when the sell signal will be generated in underlying script, corresponding sell signal in the call will be generated. Similarly when your AFL will generate short signal for underlying script, a corresponding Buy signal in PE will be generated and Cover in AFL will trigger corresponding Sell signal in PE

Second mode is for Option Writers : When a Buy signal is generated on underlying script using your AFL, this template will generate Short signal in PE and when sell signal will be generated in underlying script, corresponding cover signal will be generated in PE. Similarly when AFL will generate Short signal it will trigger a Short in Call and Cover in AFL will trigger Cover in Call.

The strike prices can also by dynamically adjusted using our parameter Strike Step

If Strike Step is set to 0 it will take trades in ATM CE and ATM PE.

If strike steps are positive number like 1,2,3 etc it will generate signal in 1 strike OTM , 2 Strike OTM, 3 strike OTM etc respectively.

If strike steps are negative number like -1,-2,-3 etc it will generate signal in 1 strike ITM , 2 Strike ITM, 3 strike ITM etc respectively.

Learn in detail about how Option convertor works in this video