Preset Conditions Reference

This is a complete reference of all available conditions in GreeksLab. Conditions are used in rules to determine when actions should be triggered.

Position PnL Conditions

Conditions for managing profit and loss of your positions.

Position Loss, USD

Description: Current net loss on the position, USD (positive number)
Can be used for entry rules: No (management rules only)

Position Profit, USD

Description: Current net profit on the position, USD
Can be used for entry rules: No (management rules only)

Position Profit, % of the initial premium

Description: Net profit of the position as a percentage of the initial premium
Can be used for entry rules: No (management rules only)

Position Loss, % of the initial premium

Description: Net loss of the position as a percentage of the initial premium
Can be used for entry rules: No (management rules only)

Position Greeks Conditions

Conditions based on option Greeks and risk metrics.

Position Portfolio Delta

Description: Share-equivalent exposure of the position (sum of leg portfolio deltas)
Can be used for entry rules: No (management rules only)

Absolute Position Portfolio Delta

Description: Absolute share-equivalent exposure of the position (absolute sum of leg portfolio deltas)
Can be used for entry rules: No (management rules only)

Position Weighted Delta

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)

Absolute Position Weighted Delta

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)

Position Activity Conditions

Conditions related to position activity and time management.

Position Total Number of Rolls

Description: The total number of rolls of the position
Can be used for entry rules: No (management rules only)

Time in Trade

Description: The time the position has been open
Can be used for entry rules: No (management rules only)

Time Conditions

Conditions for timing your entries and exits.

Market time

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

Day of the week

Description: The day of the week
Can be used for entry rules: Yes

Events Conditions

Conditions based on economic events and market announcements.

Fed Day

Description: True if the current day is a Federal Reserve rate decision day
Can be used for entry rules: Yes

Underlying Conditions

Conditions based on the underlying asset (SPX) price movement.

Underlying Intraday Move, USD

Description: The intraday move from market open of the underlying in USD
Can be used for entry rules: Yes

Underlying Intraday Move, %

Description: The intraday move from market open of the underlying in percent
Can be used for entry rules: Yes

Underlying Gap, USD

Description: The gap in USD from previous day close of the underlying
Can be used for entry rules: Yes

Underlying Gap, %

Description: The gap in percent from previous day close of the underlying
Can be used for entry rules: Yes

Underlying ATM Straddle Premium

Description: The premium of the ATM straddle of the underlying
Can be used for entry rules: Yes

Volatility Conditions

Conditions based on VIX and volatility metrics.

VIX Price

Description: Current price of the VIX
Can be used for entry rules: Yes

VIX Gap, USD

Description: The gap in USD from previous day close of the VIX
Can be used for entry rules: Yes

VIX Gap, %

Description: The gap in percent from previous day close of the VIX
Can be used for entry rules: Yes

VIX Intraday Move, USD

Description: The intraday move from market open of the VIX in USD
Can be used for entry rules: Yes

VIX Intraday Move, %

Description: The intraday move from market open of the VIX in percent
Can be used for entry rules: Yes

Using Conditions

Entry vs Management Rules

Entry Conditions: Can be used in entry rules to determine when to open new positions

• Time-based conditions
• Market event conditions
• Underlying movement conditions
• Volatility conditions

Management Only: Can only be used in management rules for existing positions

• Position P&L conditions
• Position Greeks conditions
• Position activity conditions

Combining Conditions

You can combine multiple conditions in a single rule:

• All conditions must be true for the rule to trigger
• Use custom expressions for complex AND/OR logic
• Layer different condition types for robust strategies

Next Steps

Ready to use these conditions in your strategies? Learn more about:

• Rules Overview - How to combine conditions with actions
• Custom Expressions - Advanced condition building
• Strategy Building - Complete strategy framework