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Thinkorswim (TOS) Tutorial: How to set an Option Limit Order and Stock Trigger

January 4, 2015

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How you can get a great fill on an option using a contingent order and not have to be in front of the computer.

Last update: June 2021

In this Thinkorswim tutorial, Coach G. (Gino Poore) shows you how to enter an option with a limit order when the stock triggers an entry price.

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11 Replies to “Thinkorswim (TOS) Tutorial: How to set an Option Limit Order and Stock Trigger”

  1. Francisco Sanchez says:
    January 4, 2015 at 7:36 pm

    You know, I am starting to like this thinkorswim platform, and all thanks to you.

    This trick is absolutely awsome, maybe the only problem is that you really do not know the exactly right price of the option, (at least I do not know how to figure that out) but the mix with the technical analysis in the underlying stock, makes this trick cool, from now on, I am going to be practicing this trick.

    Thank you Gino!!

  2. Daniel Brodhead says:
    January 4, 2015 at 8:03 pm

    Hey Gino, are these GTC orders?

  3. Pavi Agrawal says:
    January 4, 2015 at 8:21 pm

    Thanks Gino for this video. This really helps.

  4. Steve Huang says:
    January 4, 2015 at 9:45 pm

    Really good stuff, Gino

  5. Mark Carroll says:
    January 4, 2015 at 10:37 pm

    Thanks Gino…good video! Easy to understand

  6. Gino P. (Theta Maker) says:
    January 5, 2015 at 6:15 am

    These could be GTC (that Good Till Cancel orders) But I prefer day on entry and GTC on exit orders,
    if you do GTC orders on entry, you have to monitor them and maybe change the trigger if it changes
    I did a GTC on IBM that didnt trigger for over 2 weeks and forgot I had that order out there.
    So I stick to entry order for DAY and exit or stops are ALWAYS on GTC.

  7. Gino P. (Theta Maker) says:
    January 5, 2015 at 6:18 am

    Hi Francisco,,,with this trick you Do Not need to know the option price, whatever it is the system knows to ask for the middle of the bid/ask and add .10 cents to that.

  8. Mario Figueroa says:
    January 5, 2015 at 8:44 am

    Gino! This is awesome! Thanks a lot!!! It does helps me a lot on my trades since I set up my orders before market opens and head out to work and manage them through TOS iPhone App, and some times 10-20 min delay you loose the momentum!

  9. Francisco Sanchez says:
    January 5, 2015 at 9:00 am

    Ok, thanks againg!

  10. Thomas Hammonds says:
    January 8, 2015 at 7:22 am

    Gino. How do you get your Yellow ATR box to show in the top left of your charts? I have seen that many times but can not figure out how to make that happen. Thanks a lot. I really like the contingent order option. Long live the Theta King!!

  11. Gino P. (Theta Maker) says:
    January 10, 2015 at 4:00 pm

    I will do a vid on putting the ATR and tomorrows expected move in the top left corner of the screen so you dont have to have the ATR taking up so much screen space on you charts. Its a little tricky but involves copying and pasting a code I wrote into the TOS indicator editor… I have so many cool things to share about TOS platform. Just trying to do te vids when possible is hard…thanks fo the request, will do asap. Gino P…

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