Registered: Jun 2004
04-25-12 03:56 PM
Quote from Crispy:
No, I was not aware. Nevertheless if you know how these trade, I would be 15 sell stop on some calls...she goes 15x15.5...then next actual print is 14 on a downswing. Stops are pretty much useless based on last sale.
Do you think the same excel link to OEC be used to track the price locally and shoot an order when my stop price becomes the bid?
Definitely doable. However, you are aware that locally, there is no stoplimit. If last print is 15.50 and you are sell stop 15, if it goes quickly to 13, that's your fill price.
Expect a lot of "slippage" like this. Whereas with Server or Exchange stops, you might be filled earlier like at 14 all depending on your position in the queue at that price level.
Got it ?