How to Create a Bracket Orders on Options in ThinkorSwim |Advanced Options Orders

[@shortthestrike]

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[@Isaac_Martine]

No BS, straight to the point. Much appreciated!

[@Blooding]

Thanks for the video. What I do is create a watchlist of lets sat SPY calls/puts and add the option chain by strike to the watchlist and then send a option chain to your active trader by using the color link option.

[@bryeh.7940]

You don’t have to copy n paste. You can also set your workspace up to include the options chain. I put that and active trader on one monitor and charts on another. Whatever “link color” you have active trader set to. Just right click the option go down to send to…and throw it on that color.

[@neuvocastezero1838]

"Some crazy person out there puts a market order to sell right at the open." That was me last week.

[@tommystevens7847]

If you wanted to continue to trade the same ticket, you could just erase P75 and replace it with C85 (to change from $75 put > $85 call) rather than copy/pasting again. You could also change the date. Just need to know the format symbolDateCallValue. Another option. have two windows. The left ticker chart (like normal). Right just active trader (set group to something else you dont use like 9). In option chain right click and send to 9. Now you have chart in left option in Active trader on the right.

[@charlessiess2534]

Nicely done learned what i needed and once back on TOS doing Paper trades, the setting up Stop Loss and OCO became easy for me and clear, although I will say my practice made perfect as sure don't want leave profits needlessly on the table, as a few times I did not have all the right elements on/off and intended close, was an open for example, or the OCO wasn't properly linked. Video gets you started, then just do it paper trading til you're good to go.

[@JonnyYouTube]

Can this be done on positions with multiple legs?

[@Kyle_opt]

Thanks. Newbie, love your tutorial. Question: How do you do a oco for 2 profit targets on a spread?

[@jamesjobe4307]

I don't know that "no stops" on options is being conservative, especially on the day trade/scalp options. I prefer to set it and forget it with brackets. Thanks for the GREAT content, BTW!

[@soshfin6324]

i could have saved so much money if i found ur vdo earlier... this is so good for ppl who have many options that they miss monitoring at times. Thank you for this

[@shortthestrike]

Thank you, hope it helps!

[@JessieBrownjbrown3845]

I started using stops on options to reduce the risk of the trade going against me. I've had that occur a few times and didn't like the losses.

[@MrSoutherhospitality]

Yeah I just try my best not to take my eye of it I tried to set up price alarms but sometimes it doesn’t even notify me fast enough

[@tradertube]

Great explanation and uber simple. Much appreciated.

[@Oct-jy4dz]

Very clear instructions for OCO.Thank you!

[@carlosecheverri4072]

Taking in account that SPY / QQQ are 24Hrs. trading instruments ( at least on TOS ), Can that be performed on OFF Market hours ? and the new OCO applies automatically to be safe on that trade operation ?... Thanks in advance.

[@wilroussos3213]

Is there a way to have a conditional order on a option (IE buy to close if the underlying drop to a certain price) and when that order is executed it triggers a sell of the underlying security?

[@arnisdaddy7905]

The only thing I noticed about your order examples was the "Time in Force" or TIF was left as "Day" when at least the Stops and Profit Targets should ALWAYS be GTC (Good Till Cancelled)! Please correct me if I am wrong!

[@shortthestrike]

Agreed. I'd pretty much always flip them over to GTC

[@kennyyee2217]

TOS added an options chain and with the "send to" feature it makes it a lot easier to trade your options on the AT tab. :)

[@benyblancs]

Great video, good explanations and very thorough

[@notsharingwithyoutube]

Great tutorial. Thanks, friend.

[@koreyherndon9114]

just FYI instead of copying and pasting the option name and pasting it, just click "send to red" or whatever color link you have on. A lot faster.

[@davefield8100]

Would it make sense to take the stop off at market start and add back in when market is stable? You really want the stop for when you are not at the computer monitoring the day's trading.

[@posthardcoresinger]

How do we add that trg w/ bracket in active trader if we're already in a position?

[@michaelnorton511]

well if you trade options and use oco or triggers, I have two active traders up, one for call, one for puts. and triggers only work on close spread or slow moving options. i use it when im scalping to keep one of my screens busy.

[@user-dc9bq1nn9n]

please explain when you would change the items in the "link" column from TRG, to bid/ask/ AVG PRC? and why give examples thanks

[@TheRealMikeNelson]

Wow, I learned a LOT. Thanks!!

[@edwards2990]

having a problem creating a Conditional BUY Order crossing below PGHigh or PG LOW on the MONKEY BARS also using stochastic . any HELP ?

[@thegamerboneless2864]

I create a watchlist of the calls and puts, and link it to my AT, this way if price heads to a level you can just click the call or put you want. I don’t use stoops either on my Options, just mental. I also give more room with options 20%_25% , but mental stops, cause you have monitor the volatility and couple other data points

[@Mike-es2yg]

You trading 0dtes? I do, trying to find the best way to do ot on tos desktop

[@Marwaha_489]

How to OCO based on stock price as soon as trade is placed on options

[@darrellf6936]

Can you make a video on 1st trgs oco based on the stock price. Thank you

[@johnnorris4511]

Can I CREATE a 1st TRGS 3OCO on an OPTION in TOS???

[@lutecabalquinto4806]

Thank you so much! Youre the best!

[@mw7185]

I want to place a limit order to buy. That is OK I can do that. However when you go to the chart tab it appears as a green line. But it can not be moved up or down. Why is that ?

[@gtavomaldo1942]

When you buy a put, aren’t you wanting the the value of that put to decrease when you sell?

[@Rico11b]

In ToS, how can I create a Stop loss order on my option to sell at the options Bid price? I'd like to set my OCO template to stop me out if I'm 0.50cents under my entry price. By default it triggers on the "Ask" which seems very stupid because it doesn't work the same as stops on the stock itself does. So for example, I buy an option contact at $1.50 and the Bid is currently at $1.25 so it's a .25 cent spread. Then I want a stop loss to take me out of the trade if the Bid falls to $1.00.

[@peaceofcookie]

have the same issue..

[@theinflationsituation8870]

you the man! thank you!

[@maestro4337]

Thank you!!!

[@rouano1]

It's easy though when you use the "send to" command when you right click (when they're linked by color)

[@spoolbus73]

Great video

[@shortthestrike]

Thanks!

[@AW-ws1ll]

I loved this video so much that I Will Smith'd that Like button

[@shortthestrike]

😂

[@jaireddy8794]

Chuckle chuckle

[@prettybrwneyez7757]

How do you do this in fidelity’s active trader pro?

[@shortthestrike]

I’m actually just starting to use fidelities platform, so I’ll be making some videos on that in the near future!

[@mistletoe91]

Thanks for video but question @5:42 What if the Sell order at 1.10 get executed first ( Before Buying option it actually sell the option ) ?

[@shortthestrike]

The opening order has to fill first before the two sell orders will go out there. That’s the main benefit of using the 1st triggers OCO. The first order has to fill before the sell orders go out. Then whichever sell order fills first will automatically cancel the other sell order

[@mistletoe91]

@@shortthestrike amazing. Thanks

[@soshfin6324]

it wouldnt thats why he selected 1st trigger oco

[@HighPowerOptionsTrades]

Great content 💎💎💎💎💎💎

[@frankbizy]

So On a put say they price is .80 you bought at. You would want the limit to say .60 for taking profit? Going down would be limit where as on a call it would be .90 for limit right? Thanks

[@shortthestrike]

Not in the case of purchasing the put. If you purchase it at .80, you would want to set the limit above that to take profit. Keep in mind, when you buy to open, you want to sell it for anything higher than that to make money. When you sell to open, you want to buy it back for anything lower than that to make money.

[@frankbizy]

@@shortthestrike Thanks! So you are saying it’s the same as a call you want it to go higher right. Thanks

[@shortthestrike]

@@frankbizy Yes, exactly the same as when you're buying a call!

[@frankbizy]

@@shortthestrike thank you!

[@soshfin6324]

its about your position. if u BUY call or put profit is when the price goes up. If you SELL call or put then price going down is profit.

[@shortthestrike]

Anyone take any losses using stops on options?

[@Mr_Duck_RVA]

Yes, when using active trader lol. It doesnt trigger as it should sometimes.

[@chvydrptop]

@@Mr_Duck_RVA wow are you kidding me? Is this still the case?

[@mikegayda715]

You hit the drop down on the options and choose from different prices

[@Vanoroc]

I can't put stop orders for options (/ES and SPX), anybody knows why?

[@shortthestrike]

You'll only be able to use limit orders on futures options, but you'll be able to use stops on spx options just like normal. I don't know the exact reason for the rule on futures options, but I'm willing to bet it's because of illiquidity and they don't want stops activated all the time just because of wide bid-ask spreads.

[@Vanoroc]

@@shortthestrike Thanks!

[@jamescarlile1184]

Super helpful! Ps volume is a bit high tho

[@thepetshop9086]

great!

[@Mr_Duck_RVA]

There is actually a faster way to move options into active trader. I right click on the option and send to the corresponding color linked to active trader. I prefer to have my chart and active trader linked to two different colors because I dont like the option chart when having a option contract loaded.

[@shortthestrike]

I really don’t find the “send to” option much faster honestly. Maybe a second faster. I guess overall I’m just not a huge fan of using the active trader for options. But I think your way definitely makes more sense.

[@Mr_Duck_RVA]

@@shortthestrike Yea active trader is really to each their own with it. Ive noticed its both a benefit and a curse in some cases during use.

[@shortthestrike]

Haha for sure, completely agree!

[@907Blademan]

There’s even a faster way that’s one click instant: click the letter next to the bid ask of the strike! Boom!! It’ll open the contract in the trade tab above on the right side window, which you have linked to a larger chart in the charts tab or wherever you execute from and it’s instantly populated just by clicking the letter!

[@Mr_Duck_RVA]

@@907Blademan I just learned about this way yesterday. Is there a way to implement a stop loss in there too?

[@HOWTOWITHSEDIQI]

it doest make sense becuase you dont know how to do it, you dont need to copy, mark you active trdear with a color, just right click and send the contract to that color, simple, I WATCHED SOME OF YOUR VIDEOS, YOU DONT KNOW A LOT OF THINGS AND MAKE THINGS VERY COMPLICATED AND HARD