6 Minute Read

Tutorial: Thinkorswim (TOS) Option Limit order-Stock Trigger

January 4, 2015

By | 11 Comments

Coach G. shows you how to enter an option with a limit order when the stock triggers an entry price.

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


Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

This tutorial is brought to you by Tackle Trading.

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

Sign up now for a 15-DAY FREE TRIAL #


Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

11 Replies to “Tutorial: Thinkorswim (TOS) Option Limit order-Stock Trigger”

  1. Avatar Francisco Sanchez says:

    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. Avatar Daniel Brodhead says:

    Hey Gino, are these GTC orders?

  3. Avatar Pavi Agrawal says:

    Thanks Gino for this video. This really helps.

  4. Really good stuff, Gino

  5. Avatar Mark Carroll says:

    Thanks Gino…good video! Easy to understand

  6. 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. 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. 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. Avatar Francisco Sanchez says:

    Ok, thanks againg!

  10. Thomas Hammonds Thomas Hammonds says:

    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. 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…

Comments are closed.

Chart Modal

Tackle Trading