Extending iron condor trading examples for take profit

Sure, I can help with that.

For an Iron Condor strategy, you can refer to the example provided in the QuantConnect documentation here. This example shows how to set up an Iron Condor strategy, including the selection of contracts for the strategy legs.

As for taking profit, you can set up a limit order to sell the position when the profit target is reached. Here's a simple example of how to do this in Python:

self.LimitOrder(self.symbol, -quantity, sell_price)

In this example, self.symbol is the symbol of the asset, quantity is the number of shares/contracts you want to sell, and sell_price is the price at which you want to sell.

To distinguish between multiple positions, you can use the Portfolio object, which provides information about all the positions currently held in the algorithm. You can access each position using its symbol, like this:

position = self.Portfolio[symbol]

In this example, symbol is the symbol of the asset. The position object now contains information about the position, including the quantity of shares/contracts held, the average price, and the unrealized profit or loss.

I hope this helps! Let me know if you have any other questions.

How would you apply this to the iron condor as there is no 1 specific symbol for the holding?

In the case of an Iron Condor, which is a combination of four different option contracts, you would need to track each leg of the strategy separately. Each leg of the Iron Condor is a different contract with its own symbol.

When you create the Iron Condor, you can store the symbols of the contracts in a list or a dictionary. Then, you can use these symbols to access the positions in the Portfolio object. Here's an example:

# When creating the Iron Condor
self.iron_condor_symbols = [far_put_symbol, near_put_symbol, near_call_symbol, far_call_symbol]

# Later, when you want to access the positions
for symbol in self.iron_condor_symbols:
    position = self.Portfolio[symbol]
    # Now you can work with the position

In this example, far_put_symbol, near_put_symbol, near_call_symbol, and far_call_symbol are the symbols of the contracts in the Iron Condor.

Please note that this is a simplified example. In a real algorithm, you would need to handle the case where the Iron Condor is not yet fully set up, or some of the contracts have already expired or been exercised.