StrikePriceBoundaryMethod (FIX tag 1479)

intFIX 5.0 SP2

StrikePriceBoundaryMethod (tag 1479) is an int field defined in FIX 5.0 SP2. It appears in 72 message types, always optionally. It is an enumerated field with 5 defined values.

At a glance

Tag: 1479
Name: StrikePriceBoundaryMethod
Datatype: int
Dialects: FIX 5.0 SP2
Messages: 72
Valid values: 5

What the specification says

Specifies the boundary condition to be used for the strike price relative to the underlying price at the point of option exercise.

Descriptions are quoted from the FIX Orchestra sources under the Apache 2.0 licence.

A real message using tag 1479

NewOrderSingle · FIX 5.0 SP2

Tag	Field	Wire value	Meaning
8	BeginString	FIXT.1.1
9	BodyLength	118
35	MsgType	D	NewOrderSingle
49	SenderCompID	BOARTEAM
56	TargetCompID	COUNTERPARTY
34	MsgSeqNum	2
52	SendingTime	20240101-12:00:00.000
11	ClOrdID	ORD-10042
1479	StrikePriceBoundaryMethod	1	Less than underlying price is in-the-money (ITM)
54	Side	1	Buy
60	TransactTime	20240101-12:00:00.000
40	OrdType	1	Market
10	CheckSum	137

Edit and decode it yourself

Shown with | separators for readability. On the wire FIX uses SOH (0x01), an invisible control byte — and because BodyLength and CheckSum are computed over the actual bytes, the two forms have different checksums. Both are valid and both decode here.

Open in the full decoder →

Generated from the FIX 5.0 SP2 dictionary and verified at build time: it parses and validates with no issues. Open the decoder to try your own message.

Valid values

A value outside this list is not a parse error — the message still decodes — but validate() reports it as validate/value-not-in-enum.

Value	Meaning	Symbolic name
1	Less than underlying price is in-the-money (ITM)	LESS_THAN_UNDERLYING_PRICE_IS_IN_THE_MONEY
2	Less than or equal to the underlying price is in-the-money(ITM)	LESS_THAN_OR_EQUAL_TO_THE_UNDERLYING_PRICE_IS_IN_THE_MONEY
3	Equal to the underlying price is in-the-money(ITM)	EQUAL_TO_THE_UNDERLYING_PRICE_IS_IN_THE_MONEY
4	Greater than or equal to underlying price is in-the-money(ITM)	GREATER_THAN_OR_EQUAL_TO_UNDERLYING_PRICE_IS_IN_THE_MONEY
5	Greater than underlying is in-the-money(ITM)	GREATER_THAN_UNDERLYING_IS_IN_THE_MONEY

Where tag 1479 appears

Requiredness is a property of the message, not of the field: the same tag can be optional in one message and conditionally required in another.

Message	MsgType	Requiredness	Where in the message
AdjustedPositionReport	BL	Optional	inside InstrmtGrp › Instrument
Advertisement	7	Optional	inside the Instrument component
AllocationInstruction	J	Optional	inside the Instrument component
AllocationInstructionAlert	BM	Optional	inside the Instrument component
AllocationReport	AS	Optional	inside the Instrument component
AssignmentReport	AW	Optional	inside the Instrument component
CollateralAssignment	AY	Optional	inside the Instrument component
CollateralInquiry	BB	Optional	inside the Instrument component
CollateralInquiryAck	BG	Optional	inside the Instrument component
CollateralReport	BA	Optional	inside the Instrument component
CollateralRequest	AX	Optional	inside the Instrument component
CollateralResponse	AZ	Optional	inside the Instrument component
Confirmation	AK	Optional	inside the Instrument component
ContraryIntentionReport	BO	Optional	inside the Instrument component
CrossOrderCancelReplaceRequest	t	Optional	inside the Instrument component
CrossOrderCancelRequest	u	Optional	inside the Instrument component
DerivativeSecurityList	AA	Optional	inside RelSymDerivSecGrp › Instrument
DerivativeSecurityListUpdateReport	BR	Optional	inside RelSymDerivSecUpdGrp › Instrument
DontKnowTrade	Q	Optional	inside the Instrument component
Email	C	Optional	inside InstrmtGrp › Instrument
ExecutionAcknowledgement	BN	Optional	inside the Instrument component
ExecutionReport	8	Optional	inside the Instrument component
IOI	6	Optional	inside the Instrument component
ListStrikePrice	m	Optional	inside InstrmtStrkPxGrp › Instrument
MarketDataIncrementalRefresh	X	Optional	inside MDIncGrp › Instrument
MarketDataRequest	V	Optional	inside InstrmtMDReqGrp › Instrument
MarketDataSnapshotFullRefresh	W	Optional	inside the Instrument component
MassQuote	i	Optional	inside QuotSetGrp › QuotEntryGrp › Instrument
MassQuoteAcknowledgement	b	Optional	inside QuotSetAckGrp › QuotEntryAckGrp › Instrument
MultilegOrderCancelReplace	AC	Optional	inside the Instrument component
NewOrderCross	s	Optional	inside the Instrument component
NewOrderList	E	Optional	inside ListOrdGrp › Instrument
NewOrderMultileg	AB	Optional	inside the Instrument component
NewOrderSingle	D	Optional	inside the Instrument component
News	B	Optional	inside InstrmtGrp › Instrument
OrderCancelReplaceRequest	G	Optional	inside the Instrument component
OrderCancelRequest	F	Optional	inside the Instrument component
OrderMassActionReport	BZ	Optional	inside the Instrument component
OrderMassActionRequest	CA	Optional	inside the Instrument component
OrderMassCancelReport	r	Optional	inside the Instrument component
OrderMassCancelRequest	q	Optional	inside the Instrument component
OrderMassStatusRequest	AF	Optional	inside the Instrument component
OrderStatusRequest	H	Optional	inside the Instrument component
PositionMaintenanceReport	AM	Optional	inside the Instrument component
PositionMaintenanceRequest	AL	Optional	inside the Instrument component
PositionReport	AP	Optional	inside the Instrument component
Quote	S	Optional	inside the Instrument component
QuoteCancel	Z	Optional	inside QuotCxlEntriesGrp › Instrument
QuoteRequest	R	Optional	inside QuotReqGrp › Instrument
QuoteRequestReject	AG	Optional	inside QuotReqRjctGrp › Instrument
QuoteResponse	AJ	Optional	inside the Instrument component
QuoteStatusReport	AI	Optional	inside the Instrument component
QuoteStatusRequest	a	Optional	inside the Instrument component
RFQRequest	AH	Optional	inside RFQReqGrp › Instrument
RequestForPositions	AN	Optional	inside the Instrument component
RequestForPositionsAck	AO	Optional	inside the Instrument component
SecurityDefinition	d	Optional	inside the Instrument component
SecurityDefinitionRequest	c	Optional	inside the Instrument component
SecurityDefinitionUpdateReport	BP	Optional	inside the Instrument component
SecurityList	y	Optional	inside SecListGrp › Instrument
SecurityListRequest	x	Optional	inside the Instrument component
SecurityListUpdateReport	BK	Optional	inside SecLstUpdRelSymGrp › Instrument
SecurityStatus	f	Optional	inside the Instrument component
SecurityStatusRequest	e	Optional	inside the Instrument component
SettlementObligationReport	BQ	Optional	inside SettlObligationInstructions › Instrument
StreamAssignmentReport	CD	Optional	inside StrmAsgnRptGrp › StrmAsgnRptInstrmtGrp › Instrument
StreamAssignmentRequest	CC	Optional	inside StrmAsgnReqGrp › StrmAsgnReqInstrmtGrp › Instrument
TradeCaptureReport	AE	Optional	inside the Instrument component
TradeCaptureReportAck	AR	Optional	inside the Instrument component
TradeCaptureReportRequest	AD	Optional	inside the Instrument component
TradeCaptureReportRequestAck	AQ	Optional	inside the Instrument component
TradingSessionStatus	h	Optional	inside the Instrument component

Wire format

A whole number, optionally signed. Leading zeros are legal on the wire and are preserved in the raw value. @boarteam/fix parses the value as a number and reports parse/invalid-int when it does not lex as one; the raw string is kept either way.

Read tag 1479 in TypeScript

decode.tsts

import { createFixEngine } from "@boarteam/fix";import { dictionary } from "@boarteam/fix-dict-fix50sp2";const fix = createFixEngine(dictionary);const { message, issues } = fix.parse(raw);const strikePriceBoundaryMethod = message.fields[1479]?.raw;// e.g. "1" — Less than underlying price is in-the-money (ITM)// The dictionary also carries the labels:const label = fix.dictionary  .fieldByTag(1479)  ?.enumValues?.find((e) => e.value === strikePriceBoundaryMethod)  ?.description;

Decode this in your own code

The same engine that produced the decoded example above is an Apache-2.0 npm package with zero runtime dependencies. It runs in Node and in the browser, and parse() returns problems as data instead of throwing.

npm i @boarteam/fix @boarteam/fix-dict-fix50sp2

Try the decoder Source on GitHub