How to Sell Vertical Spread Option TD Ameritrade

Discussion in 'Options' started by NOYB111, Dec 31, 2020.


  1. You are grasping at straws.

    • You MAY getting filled at mid-market in any situation - or you MAY not.
    • The market might move against you during the 15 seconds it take you to place your 2nd order - or it might move in your direction. You will not get "smashed".
     
    #11     Jan 1, 2021
  2. taowave

    taowave

    Amateur act

    You know not of what you speak..

    Leg away


     
    #12     Jan 1, 2021
  3. JSOP

    JSOP

    One leg getting executed while the other leg still remains outstanding while the price of the leg that's still not closed moves against you
     
    #13     Jan 1, 2021

  4. Yes .... @taowave posted that.
     
    #14     Jan 1, 2021
  5. .sigma

    .sigma

    dude cmon lol
     
    #15     Jan 2, 2021
  6. taowave

    taowave

    Right???? And I am the one grasping at straws :)

     
    #16     Jan 2, 2021
    .sigma likes this.

    • I have never heard that term before.
    • And now that it has been defined I still do not consider it to be a risk at all. "leg risk" is a moot point.

    Just because a spread isn't filled simultaneously doesn't mean the 2nd leg will be filled at a worst price - it could just as easily be filled at a better price.
     
    #17     Jan 2, 2021
    .sigma likes this.
  7. taowave

    taowave

    You do realize you are giving advice to a newbie.

    Why on earth would you recommend legging a spread.Bare minimum,if you are hell bent on legging,enter a spread order mid market first..

    You clearly aren't trading stocks like TSLA in decent size..

    More to the point,when a newbie,intermediate,idiot trader gets legged,the payoff is asymmetrical,and not favorably..
     
    Last edited: Jan 2, 2021
    #18     Jan 2, 2021