What is the concept? Are we trying to buy stocks that open "too low" and short stocks that open "too high"? Can someone please sumarize the basic strategy, i may already understand it but not sure. Forexample, Friday we had futures +10. So we put in a ton of orders trying to catch stocks that open close to flat. Is this the strategy, or is there more to it? Are you also putting in orders to short stocks that open too high? I have been doing some of this only on days when i feal the tone is so positive that it has to be an up day (like friday). I put in about 10 orders to buy and got filled on only 1. But it was a beauty, i bought AIG up only 25 cents and within 3 minutes it was up over a point. Overall, i find open orders to be a distraction to my day trading. Not so much when i'm just trying to arb the open, but when i'm trying to trade news. However, I definitely can see that there is alot of money to be made taking advantage of the crazy opening prints.