Saturday, September 29, 2007

OIH order


I re-entered our OIH order using an advanced order (1st triggers OCO). I'm trying to learn as much of the TOS platform as possible and still try to do the best for our group. If I can get this down I'd be happy to share what I've learned. I think I've attached a screen shot of the trade. Computers are also a challenge for me.

Explanation of order:
Order #1 Sell 6 contracts of Oct 180/175 put @ a limit of .65 (1st order triggers the next two)
order #2 buy back the vertical for .05 (for a profit)
Order #3 buy back the vertical at mkt if oih trades at or below 179 (for our pre-defined acceptable loss)

if order 2 happens first then order 3 is cancelled and vice versa

we'll see what happens.....until Tuesday.....happy trading

barb

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