ADI SPX Symbol Watchlist Column

Created by ADI(@adikvcs)

Note: This script is exclusively accessible through our Discord. We encourage pairing it with additional technical analysis tools for a well-rounded view of the market and solid risk management. For more details on setup, interpretation, and best practices--

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Description

ADI SPX Watchlist Column is a custom script designed for Thinkorswim users trading SPX. It color-codes option strikes based on their distance from the current SPX price, instantly highlighting which strikes are ITM (green), near-the-money (cyan), or 9–20 points OTM (magenta). This straightforward visual aid helps you quickly spot potential opportunities and manage trade setups more efficiently.

Features

1. Instant Strike Categorization

   • Flags ITM strikes (green) for rapid identification of in-the-money options.

   • Labels ATM strikes (1–5 points from SPX) in cyan to highlight near-the-money opportunities.

   • Marks OTM strikes (9–20 points from SPX) in magenta, making it easier to find those slightly further out-of-the-money trades.

2. Customizable Parameters

   • Adjust point ranges for what you consider ATM or OTM, aligning with your specific strategy and risk tolerance.

3. Streamlined Watchlist Integration

   • Adds a dedicated column to your Thinkorswim watchlist, enabling at-a-glance scanning of potential SPX 0DTE setups.

4. User-Friendly Implementation

   • Straightforward script that requires minimal setup.

   • Syncs seamlessly with your existing watchlist layout in Thinkorswim.

Disclaimer: Trading options involves substantial risk. This script is for informational purposes only and is not a guarantee of success. Always conduct thorough due diligence, and practice proper risk management.