Closing SELL order being treated as SHORT order in the api
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Has anyone else had this occur to them for stock trades?: I take a long position, and then try to close out the position (as a in a stop-loss situation), and the closing SELL order is treated as a SHORT order, occasionally resulting in a security being 'hard to borrow' and not being able to close out my position!? This is a little unnerving... I don't seem to have this problem doing things 'by hand', just with orders via the API. I'm looking through the documentation to see if there's some 'closing trade' flag I can stick on an order, but it looks like 'BUY' and 'SELL' are my only options as far as side or 'action' as it's called in the docs. I DID see this, but it's only for institutional clients:
| string? |
?[get, set] |
| ? |
For institutional customers only. Valid values are?O (open) and C (close).
Available for institutional clients to determine if this order is to open or close a position.
When Action = "BUY" and OpenClose = "O" this will open a new position.
When Action = "BUY" and OpenClose = "C" this will close and existing short position. |
any help would be appreciated!? thanks https://interactivebrokers.github.io/tws-api/classIBApi_1_1Order.html
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