I'm looking to sell my first call option which is currently up 13%. I realize I lost some % due to time decay by not selling on Friday.
I don't know if I'll be available at the opening bell. If I am present do I just sell using a market order?
If I'm not there in time can I set up a stop loss and sell limit order at the same time? I'm using Questrade (not American) and I don't see an OCO order available.
My options aside from Market are:
Limit LOO LOC Stop Stop Lmt
Say it's 9:25 am ET Monday and I see the pre-market movement is 0.00%. The stock is worth $10 and my premium was purchased at 5.00 and is now 5.65.
To set a stop loss I choose Stop and then I use say 5.50 as the limit price of the premium? I don't go by the stock price, correct?
Then I set a limit order to sell at say 5.75?
So in this case the stock valuation of my two orders are 9.70 stop loss and 10.20 sell limit order. Is that correct?
And both can be active at the same time I presume.
Thanks.
Submitted March 05, 2017 at 04:47PM by jimmyjay90210 http://ift.tt/2mUg1YW
