I am using Alpaca API and submit an OTO order or OCO order with an option symbol. For example: I submit order with body
{
"side": "buy",
"symbol": "AMZN240517P00185000",
"type": "market",
"limit_price": null,
"qty": 1,
"time_in_force": "day",
"order_class": "oto",
"take_profit": null,
"stop_loss": {
"stop_price": 9.3000000000,
"limit_price": null
}
}
I received an error message from Alpaca: “Complex orders not supported for options trading”. Does Alpaca support OTO orders or OCO orders for option trading?
@Vu_Hoang As of right now Alpaca only supports single leg orders and only level 1 + 2 (so no complex orders or spreads at this point).
We are working diligently to support complex orders and level 3 in the near future, so please stay tuned as we send out updates on our progress.
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Thank you for your answer, understood!
Hello Dan, is it possible to say when Alpaca will be supporting Level 3 options orders? Eager to trade on the platform but need to be able to do spreads. Thank you!
@nofomofo Complex orders are definitely on the Alpaca roadmap but no definite date when they will be ready.
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