Trading Long Options on thinkorswim Web | Brent Moors

Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
In this video we discuss how to buy and sell long options on thinkorswim Web. Examples of both calls and puts are used. Also discussed is the placing of stop orders and rules-based orders.
Options involve risks and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options carefully before trading.
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[@evergreenchristmastrees-th3958]

Is it possible to also add a profit taking order and if so how, when I try it cancels the stop loss? Thanks

[@tradertalkswebcasts]

Yes. When you are entering your order (below the order) click on "Advanced Orders"...then select 1st Trgs OCO. You will then have the buy order and two sell orders. One of the sells will be a stop, and the other will be a limit (target). ^BM

[@larrytilley604]

Can you make MARKET and GTC .. the defaults... Thanks...

[@tradertalkswebcasts]

You can make Market the default but not pair that with a GTC order. Market orders must be Day orders unless you add an order rule to the order. ^BM