Conditional Orders Explained

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• Conditional Orders explained

• Conditional Orders explained in simple terms
• Author Hari Swaminathan

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(No Transcript)
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About OptionTiger

• In this post, Conditional Orders explained in
  simple terms can be a great tool for Options
  traders. In fact, Id go a bit further and say
  that every Options trader must master them.
  Especially if you cant monitor your position,
  and are concerned about a move that may hurt the
  position.
• Conditional orders get triggered when a certain
  condition is satisfied. Examples are -1) If the
  SPX goes above 1700, then execute the order or 2)
  If the SPX price is above 1700 and the RUT price
  is above 1000, then execute the order. You can
  string several conditions together, but keeping
  it simple is always a good idea.

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About OptionTiger

• Another issue when you place Conditional orders
  explained in the video below is that when your
  condition is executed, its not possible to know
  the exact value of the Option at the time the
  condition was satisfied. Fortunately, you can
  place the order as the Mark price of the option
  or a certain offset. This aspect is also
  covered in the video below.
• As you can see, we can put several conditions to
  the order. The biggest advantage is that you can
  set your conditional orders, and not have to
  monitor the markets all the time to see if you
  need to adjust your position. Now some of the
  capabilities of Conditional orders explained in
  this video is dependent upon each individual
  platform, and as usual Thinkorswim has some of
  the best features.

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About OptionTiger

• This video covers some of the features and best
  practices for the use of Conditional orders.

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