Opening Trades
How to open both stocks & options positions
Last updated
How to open both stocks & options positions
Last updated
Opening triggers;
BTO is used to open long
STO is used to open short
BTO <ticker> @ <price> I.e.
BTO AAPL @ 188
To open a long stock position, use the trigger BTO followed by the ticker, then the symbol @ before the price.
STO <ticker> @ <price> I.e.
STO AAPL @ 177.94
To open a short stock position, use the trigger STO followed by the ticker, then the symbol @ before the price.
BTO <ticker> <exp. date> <strike> <call/put> @ <price> I.e.
BTO SPY 9/07 450 call @ 1.27BTO SPY 9/07 450c @ 1.27
To open long options position, use the trigger BTO followed by the ticker, then the expiration date using MM/DD format (and /YY if next year), the strike price, and either attaching c or p to it or specifying call or put followed by the symbol @ and the price.
You can also use the format with expiration after strike & call/put
I.e. BTO SPY 450c 9/07 @ 1.27
STO <ticker> <exp. date> <strike> <call/put> @ <price> I.e.
STO SPY 9/08 450 call @ .32STO SPY 9/08 450c @ .32
To open short options position, use the trigger STO followed by the ticker, then the expiration date using MM/DD format (and /YY if next year), the strike price, and either attaching c or p to it or specifying call or put followed by the symbol @ and the price.
Final Notes:
- Do not use $ with tickers.
- Submit using a specified price, or use CMP or M for submitting at the current market price.
- Multiple trades can be submitted in a single message by using 3 back ticks (```) before and after the whole message.
Submitting trades through slash commands has a more user friendly aspect to it but can take some seconds longer than text messages.
Type in /open then select stocks.
Type in or select the direction Long or Short.
Input the ticker or select a provided ticker matching your input.
Enter in the price or use 0 for the current market price.
Type in /open and select options.
Type in or select the direction Long or Short.
Input the ticker or select a provided ticker matching your input.
For State, select Call or Put.
Enter in the date using the format MM/DD. (Use /YY if next year.)
Put in the strike price.
Enter in the price or use 0 for the current market price.
Did you know? Multiple trades can be submitted in a single text message by starting the message with 3 backticks (```) and ending the message with 3 backticks.
Notes can be added and are optional. Trade Styles (swing, scalp, etc.), Risk Factor Flags, and a Take Profit and/or Stop Loss () can all be added by using the notes.
Notes can be added and are optional. Trade Styles (swing, scalp, etc.), Risk Factor Flags, and a Take Profit and/or Stop Loss () can all be added by using the notes.
