Short strangle

The Short Strangle places two orders which one leg will be call and another will be put, the strike price can be defined by the users and both the strike prices could be different, over here the user is able to define hedge value which will then place two buy and two sell orders.

Method: POST

https://connect.thefirstock.com/api/V3/strategies/shortStrangle

Request details

Parameter	Description	Data types	Example
symbol	Trading Symbol e.g.("NIFTY", "BANKNIFTY")	String	"NIFTY"
callStrikePrice	Strike Price of the symbol e.g.("17500", "16130")	String	"17500"
putStrikePrice	Strike Price of the symbol e.g.("17500", "16130")	String	"17500"
expiry	Date month year e.g.("03NOV22")	String	"16JAN23"
product	C / M / I C -> Cash and Carry, M -> F&O Normal, I -> Intraday	String	"C"
quantity	Order Quantity	String	"1"
remarks	User can send remarks for the order	String	"shortStrangle"
hedge	This parameter enables the hedge to used or not, type: bool	bool	false
hedgeValue	ATM value for the hedge to be placed, type: integer	Integer	300
jKey	Key Obtained on login success.	String	"28fa3983bd7a6334848b eeb7358ab57fccf19d46a b16c7dac81bf154e65061ce"
userId	User Id of the login user	String	"AA1999"

cURL

curl --location 'https://connect.thefirstock.com/api/V3/strategies/shortStrangle' \
--header 'Content-Type: application/json' \
--data '{
    "symbol": "NIFTY",
    "callStrikePrice": "18000",
    "putStrikePrice": "17800",
    "expiry": "23FEB23",
    "product": "C",
    "quantity": "20",
    "remarks": "Test1",
    "jKey": "e6a211bea63adff386578988e1cf4a9521c4744e6a39ad63174c8797e2af8c38",
    "userId": "AA123",
    "hedge":"True" ,
    "hedgeValue":"300"
}'

from thefirstock import thefirstock

SS = thefirstock.firstock_ShortStrangle(
    symbol="NIFTY",
    callStrikePrice="18000",
    putStrikePrice="17800",
    expiry="23FEB23",
    product="C",
    quantity="10",
    remarks="Hello",
    hedgeValue="300",
    hedge="True"
)

const Firstock = require("thefirstock");

const firstock = new Firstock();
firstock.shortStrangle(
  {
    symbol: "NIFTY",
    callStrikePrice: "17500",
    putStrikePrice: "17000",
    expiry: "10NOV22",
    product: "I",
    quantity: "1",
    remarks: "ShortStrangleWithOutHedge",
    hedge: "True",
    hedgeValue: "300",
  },
  (err, result) => {
    console.log("Error, ", err);
    console.log("Result: ", result);
  }
);

using thefirstock;

class Program
{
    public static void Main()
    {
        Firstock firstock = new Firstock();
        var result = firstock.shortStrangle(symbol: "NIFTY",
                                            callStrikePrice: "17500",
                                            putStrikePrice: "17000",
                                            expiry: "02MAR23",
                                            product: "I",
                                            quantity: "1",
                                            remarks: "ShortStrangleWithOutHedge",
                                            hedge: "True",
                                            hedgeValue: "300"
                                            );
    }
}

Success response details

Parameter	Description	Data types	Example
status	Success	String	"Success"
data.requestTime	Response received time.	String	"17:46:08 16-02-2023"
data.orderNumber	It will be present only on successful Order placement to OMS.	String	"1234567890111"

Failure response details

Parameter	Description	Data Type	Example
status	Failed	String	"Failed"
code	HTTP Code	String	"401"
name	Type of error	String	"BAD_REQUEST"
error.field	Error field	String	"quantity"
error.message	Error message	String	"quantity cannot be undefined or NULL"

Sample response

Success Response

[
  {
    status: "Success",
    data: {
      requestTime: "17:46:08 16-02-2023",
      orderNumber: "1234567890111",
    },
  },
  {
    status: "Success",
    data: {
      requestTime: "17:46:08 16-02-2023",
      orderNumber: "1234567890111",
    },
  },
];

Failure Response

{
    "status": "Failed",
    "code": "400",
    "name": "BAD_REQUEST",
    "error": {
        "field": "quantity",
        "message": "quantity cannot be undefined or NULL"
    }
}