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Crispy

Registered: Jul 2009
Posts: 739

04-25-12 04:56 PM

Quote from syswizard:

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 ?

Yeah , got it..best to just tick F it and watch closely instead. Oh well it was worth a shot at saving my eyeballs from extra screen time.

Thanks for all replies!

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Rodney King

Registered: Apr 2006
Posts: 1725

04-25-12 05:05 PM

If you're trying to manage an options book via stoploss orders, http://bit.ly/lwpXnD

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Crispy

Registered: Jul 2009
Posts: 739

04-25-12 05:11 PM

Quote from Rodney King:

If you're trying to manage an options book via stoploss orders, http://bit.ly/lwpXnD

LOL...nice pic

No book though....I day trade ES options. Thats all I trade in fact. My stops are always mental, thus the entire exchange about simply automating a bid hitting function when it goes my stop price.

My eyes just need a rest...lol

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syswizard

Registered: Jun 2004
Posts: 3610

04-27-12 02:03 PM

Quote from Crispy:

No book though....I day trade ES options. Thats all I trade in fact.

How is this better than trading the futures ? Options tend to be less liquid and wider spreads, no ?

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Crispy

Registered: Jul 2009
Posts: 739

04-27-12 02:26 PM

Quote from syswizard:

How is this better than trading the futures ? Options tend to be less liquid and wider spreads, no ?

Not better, just slower paced. .50 delta ATM allows me wiggle room for certain setups.

Spreads are only 1/2 a buck typically to pay up, and usually can get them mid point or better as long as they are not trending too strong.

I will take the underlying sometimes, usually pre-mkt as the spreads are wider then.

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