Buy and Sell Options Using Stock Price on ThinkorSwim Mobile App

Today we'll learn how to place options trades using the underlying stock price as the trigger.
--------------------------------------------------
SUPPORT THE CHANNEL (& get something back) 👇
TradingView (Best charts in the game)
www.tradingview.com/?aff_id=3...
Tastyworks (Great for options traders)
start.tastyworks.com/#/login?...
Webull (UP TO 12 FREE STOCKS)
a.webull.com/KJLaoiDnnHrFKovdOg
MY WEBSITE (Work in progress)
shortthestrike.com
--------------------------------------------------
Today we’ll be placing a few different options trades using the underlying stock price as a trigger. We’ll do this to open a brand new option position, so essentially buying an option, and then after that we’ll set a stop loss on that same option using the stock price as our trigger.
Timestamps
0:00 Intro
1:19 Purchase option contract
2:59 Create a condition using stock price
8:36 Attach stop loss order
9:08 Set stop on option using stock price
11:51 Cancel or edit working order
12:03 Outro
--------------------------------------------------
You should not treat any opinion expressed on this KZbin channel as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Opinions expressed are based upon information considered reliable, but this KZbin channel does not warrant its completeness or accuracy, and it should not be relied upon as such. This KZbin channel is not under any obligation to update or correct any information provided in these videos or their descriptions. Statements and opinions are subject to change without notice.
Disclaimer: Some of these links go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.

[@shortthestrike]

I've made an older version of this in the past, but thought it needed an update. Hope this helps!

[@Jwazzler6767]

Hey I’ve got a good question, I work night shift and can’t watch my position all day. Is there a way to have both a stop loss on the chart, that cancels at a certain time and then a market order(sell) to close my option position at whatever price it’s at before market close if I’m sleeping(as I don’t want to carry into the next day and swing the position). Thank you

[@ZAGIDI]

You do it better than anyone including TD trainers

[@shortthestrike]

Thank you!

[@tumuch8936]

Exactly what I needed! Thank you!!!!!

[@bfhammer128]

Another great helpful video my friend! Thanks for all you do to help those learning to trade by sacrificing your time and effort. Much appreciated

[@BowedUp]

Love your videos bro! They’re so helpful.

[@D.Mill_]

Great training video. Thank you

[@Newyorkcityface]

Keep going to be useful for all beginners

[@donbeach2033]

Love your presentations!

[@shortthestrike]

Thank you! Hope they help

[@wmbrice]

Super, thank you!

[@Newyorkcityface]

You’re the best brother I love it 😍 and you

[@supercic123]

Thank you!

[@hawkeyehowardinvesting3530]

Great video! However, you better keep an eye on your order, because you don’t want it to fill just a few days before the option expires 😰

[@vcme]

Can you do one on the new update?

[@minemoney4us]

Wao brother, you are a killer, another great video. Thanks for the hard work.

[@shortthestrike]

Thank you!

[@suhaibghazi7673]

Can you reverse option positions by clicking reverse button on ToS? Ex. swtich from 10 Calls to 10 puts with the press of a button?

[@juliogc89]

Thanks!

[@shortthestrike]

Thank you!

[@nickyniku7280]

Is there an active trader feature on the mobile app?

[@darrellf6936]

How do you place a profit target after you place the stop loss?

[@anasmatar7733]

genius!

[@TheBearsjunkie]

I don't have Order Rule. what am I missing?

[@dncareflex]

is there anyway to execute options based on stock price on chart or active trader ? above methods are good but it is only for swings, for day trade it is taking too long and complicated. thanks

[@shortthestrike]

The only way I'm aware of. It would definitely be easier if they added a method that doesn't take so much work each time

[@onelifeonelove2005]

I tried exactly what you did in the video but all my orders were rejected. Not sure why.

[@simplecarnivore]

How do you get to the search ticker?? Dont see greeks on my option prices.

[@shortthestrike]

The columns at the top can be adjusted using the little gear icon at the top of the option chain. The search box is in the upper right hand corner on pretty much every screen I believe

[@kobemagallon9095]

Can you buy and sell options in the same day without having 25k$ in your account?

[@ismaelmares807]

I have an iPhone and mines don’t look like that

[@shortthestrike]

They just updated the order ticket on the app about two weeks ago. It’s very similar, but I’ll need to make a new video going through it.

[@fridayjuniorjuniorfrizzle9272]

Tos has updated the mobile app. This is now a little different :/

[@williamjamesrapp7356]

YOU TOTALLY LOST ME ***WHY*** Would you want to BUY HIGH and SELL LOW ????

[@stuke76]

He set a stoploss order

[@williamjamesrapp7356]

@@stuke76 Okay, Ill take your word for that since I have no idea what that means. So Much for learning for beginners, specially since he does not explain what he is doing and why.

[@cheliospanama9786]

For the algorithm 🤩🥰💪🫶😁😎👌🥸🤓🥳🫡