8 Minute Read

Thinkorswim (TOS) Tutorial: How to place an Order Entry on a Credit Spread in Thinkorswim

October 20, 2017

By | 4 Comments

PRO Members now have unfettered access to the Tackle Coaches’ personal playbook containing thirty-one powerful trading strategies categorized according to the Options Greeks. Bullish, bearish or neutral market conditions, this Playbook will help you dial up the right call more often and with greater confidence.

Last Update: July 2021

One of the more challenging aspects of mastering the art of trading is wrapping your noggin’ around the bells and whistles of a trading platform like ThinkorSwim, iVest, TastyTrade, and others. To those who view the task with trepidation, take heart. There are those with far fewer brain cells who have been able to do it, so you can too.

The catalyst for today’s commentary was the following question from Layne:

Is there a video or a posting about how and when to use the “Limit Linked To” feature of the TOS Order Rules? I have been trying to figure out how to use this feature to set my exits when the options trade has achieved 75% of the profit possible per the trading rules for the bear call and bull put vertical spread options.

As I have work and cannot be watching the market all the time, I would like to automate this part of my trades.

First off, three cheers for Layne for taking the bull by the horns and seeking solutions. So much of order entry is easier to show than tell, so we’ve crafted a quick (15 minute) video outlining a Bull Put Spread on $CRM. It includes how to input the entry, target, and stop loss. And when exactly you would use the “Limit Linked To” feature.

Tackle Trading Tutorials on Thinkorswim

Thinkorswim is the most popular trading platform in the entire market. Tackle Trading has all the resources you need to MASTER Thinkorswim like a PRO.

Thinkorswim Tutorials [Free Videos]

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

Financial freedom is a journey

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.

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.

4 Replies to “Thinkorswim (TOS) Tutorial: How to place an Order Entry on a Credit Spread in Thinkorswim”


    Thank you… You have covered exactly what I was missing on how to set an exit order to capture my profit when I am at work. Layne


    Excellent explanation Tyler, as usual. Thank you.

  3. OMNIEQ says:

    If you’re looking for vertical credit spread opportunities, we have a real-time scanner: https://omnieq.com

  4. ColeGenge says:

    Thank you, while I’m looking at this in 2020, it’s just what I needed to learn about as I pursue my trading education. Thanks again.

Comments are closed.

Chart Modal

Tackle Trading