Conditional and contingent orders

Discussion in 'Order Execution' started by Karenoates, Dec 29, 2009.

  1. I am looking to find the best platform to place option orders.

    Still paper trading at present and wanting to set up my orders while market is closed to execute next day when I can not monitor market. The following is an example of the type of combined conditional OCO option order based on stock price:

    If XYZ stock trades above $123 BTO option xyzaa at market - then execute market STC of xycaa OR if XYZ stock trades below $123 BTO option xyzaa at market - then execute market STC of xycaa.

    I am using OptionXpress and can not do this type of order in either virutal trading or real account.

    Any suggestions??