hi, Is there an order type in IB TWS to buy/sell option when the stock price touches a value. ex: Buy AIG 40 call when the AIG price touches 40 Thanks.
Don't know the answer but the list of IB order types is available at: http://individuals.interactivebrokers.com/en/p.php?f=orderTypes&ib_entity=llc
Market if touched or Limit if touched [I don't know for certain they offer this, but that's what you are seeking] Mark
Right click a market order and select Modify > Condition. Click the Conditional tab then Add Condition. Select your Underlying and Price <= or >= then Preview and Transmit if happy. If you can't see the Modify > Condition option you may need to enable this feature in Configure (main menu toolbar at top) > Feature selector > Order management > Complex order types > Conditional orders.