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Complete list of all available conditions
This is a complete reference of all available conditions in GreeksLab. Conditions are used in rules to determine when actions should be triggered.
Conditions for managing profit and loss of your positions.
Description: Current net loss on the position, USD (positive number)
Can be used for entry rules: No (management rules only)
Description: Current net profit on the position, USD
Can be used for entry rules: No (management rules only)
Description: Net profit of the position as a percentage of the initial premium
Can be used for entry rules: No (management rules only)
Description: Net loss of the position as a percentage of the initial premium
Can be used for entry rules: No (management rules only)
Conditions based on option Greeks and risk metrics.
Description: Share-equivalent exposure of the position (sum of leg portfolio deltas)
Can be used for entry rules: No (management rules only)
Description: Absolute share-equivalent exposure of the position (absolute sum of leg portfolio deltas)
Can be used for entry rules: No (management rules only)
Description: Weighted delta of the position (sum of leg option deltas weighted by leg position). Expressed in delta points (i.e. 10 => 0.1)
Can be used for entry rules: No (management rules only)
Description: Absolute weighted delta of the position (absolute sum of leg option deltas weighted by leg position). Expressed in delta points (i.e. 10 => 0.1)
Can be used for entry rules: No (management rules only)
Conditions related to position activity and time management.
Description: The total number of rolls of the position
Can be used for entry rules: No (management rules only)
Description: The time the position has been open
Can be used for entry rules: No (management rules only)
Conditions for timing your entries and exits.
Description: The time of a trading day. All times are in US Eastern Time Zone in military format. Time can not be earlier than 9:31 or later than 15:59
Can be used for entry rules: Yes
Description: The day of the week
Can be used for entry rules: Yes
Conditions based on economic events and market announcements.
Description: True if the current day is a Federal Reserve rate decision day
Can be used for entry rules: Yes
Conditions based on the underlying asset (SPX) price movement.
Description: The intraday move from market open of the underlying in USD
Can be used for entry rules: Yes
Description: The intraday move from market open of the underlying in percent
Can be used for entry rules: Yes
Description: The gap in USD from previous day close of the underlying
Can be used for entry rules: Yes
Description: The gap in percent from previous day close of the underlying
Can be used for entry rules: Yes
Description: The premium of the ATM straddle of the underlying
Can be used for entry rules: Yes
Conditions based on the opening range — the high and low of the first N minutes of trading. All opening range conditions include a configurable duration parameter (5, 10, 15, 30, or 60 minutes) that determines how many minutes define the range. The conditions become available after the selected duration has elapsed (e.g., a 15-minute opening range condition activates at 9:45 AM).
Description: Distance between the current underlying price and the opening range high, in USD. Positive values mean price is above the range high (bullish breakout). Negative values mean price is still inside the range.
Can be used for entry rules: Yes
Description: Distance between the current underlying price and the opening range low, in USD. Negative values mean price is below the range low (bearish breakout). Positive values mean price is still inside the range.
Can be used for entry rules: Yes
Description: Width of the opening range in USD (high minus low of the first N minutes). Use this to filter out narrow ranges that may produce less meaningful breakouts.
Can be used for entry rules: Yes
Description: Width of the opening range as a percentage of the day's opening price. Use this to set a relative minimum range size regardless of the underlying's price level.
Can be used for entry rules: Yes
Conditions that compare the current SPX price to a moving average of the underlying. Positive values mean price is above the moving average (bullish bias); negative values mean price is below (bearish bias).
All moving average conditions share three configurable parameters:
Description: Distance between the current SPX price and the selected moving average, in USD. Positive values mean price is above the MA (bullish); negative values mean price is below (bearish)
Can be used for entry rules: Yes
Standard trend and momentum indicators computed on the SPX underlying. Useful for filtering entries to trending vs ranging regimes or for avoiding overbought / oversold conditions.
All momentum conditions expose configurable parameters:
Description: Relative Strength Index (0–100). Typical thresholds: 30 oversold, 70 overbought
Can be used for entry rules: Yes
Description: Average Directional Index (0–100). Measures trend strength regardless of direction. Values above 25 generally indicate a trending market
Can be used for entry rules: Yes
Description: Plus Directional Indicator (0–100). Measures the strength of upward directional movement
Can be used for entry rules: Yes
Description: Minus Directional Indicator (0–100). Measures the strength of downward directional movement
Can be used for entry rules: Yes
Description: +DI minus −DI (roughly −100 to +100). Positive values indicate a bullish directional bias; negative values indicate bearish
Can be used for entry rules: Yes
Conditions based on VIX and volatility metrics.
Description: Current price of the VIX
Can be used for entry rules: Yes
Description: The gap in USD from previous day close of the VIX
Can be used for entry rules: Yes
Description: The gap in percent from previous day close of the VIX
Can be used for entry rules: Yes
Description: The intraday move from market open of the VIX in USD
Can be used for entry rules: Yes
Description: The intraday move from market open of the VIX in percent
Can be used for entry rules: Yes
Conditions describing the shape of the same-day expiration implied-volatility smile, computed from 25-delta call, 25-delta put, and ATM implied vols. Both conditions are expressed in volatility percentage points.
Description: Skew of the same-day expiration vol smile: IV(25Δ call) − IV(25Δ put). Negative values mean puts are richer than calls (normal SPX regime); positive values mean calls are richer
Can be used for entry rules: Yes
Description: Convexity of the same-day expiration vol smile: 0.5 × (IV(25Δ call) + IV(25Δ put)) − IV(ATM). Larger positive values indicate fatter wings relative to ATM
Can be used for entry rules: Yes
Entry Conditions: Can be used in entry rules to determine when to open new positions
Management Only: Can only be used in management rules for existing positions
You can combine multiple conditions in a single rule:
Ready to use these conditions in your strategies? Learn more about: