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Date/Time: Thu, 02 May 2024 14:49:38 +0000

Post From: OCO Limit & Stop Orders

[2014-02-12 21:13:01] Link To Thread - Link To Post [Go To First Post]
drywater0 - Posts: 85
My question is best illustrated by way of example. Assume I am ALREADY long 100 shares of SPY, and want to submit an OCO Sell Limit and Sell Stop order to exit the position. However, I want the prices for this OCO order to be a fixed distance or offset away from the current market price. I know that setting OCO prices using an offset can be done using the Targets tab on the Trading DOM and selecting "Use Attached Orders" on the Trade tab. However, this attaches the OCO to a new buy or sell order. I want to using this limit / offset functionality to submit an OCO order that stands on it's own independently because I already have the existing position. I hope I explained this clearly but if not, please accept my apologies in advance. Let me know and I will try to re-phrase my question.