Options Sell at a Particular Time

Is there a broker that allows me to place a sell order for an option at a specific time of the day? ie 3 pm?

Does Interactive Brokers allow for that?

 

Yes, IB supports this. It's called a Conditional Order and you can specify the date & time.

 

If you don't mind, explain the benefits of such trade?

 

I was wondering that too.

 

Yes, and so does thinkorswim. At IB, the entry time is shown in the Quote Pane. At TOS, it's trickier: At the far right of the order display line is a tiny circle; click it and the Conditional Order panel appears.

 

i can think of times when I wished i had this functionality...
say . i have an errand to run..
and need the trade to be executed at market...

and also. it increases discipline. that is personal.. sometimes I wish i cud automate it..
and not keep looking.. my profits are booked. or losses accounted for.. and my trading model says to do the transcation at this time..