Futubull Options Sir

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A must-learn for performance periods: Utilize automated order trading to skyrocket your options ROI!

Hello mooers! I am Option Sir.

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又到業績期啦！本周是超級業績周！ $Alphabet-A (GOOGL.US)$ 領銜本週「七巨頭」業績， $Microsoft (MSFT.US)$ 、 $Meta Platforms (META.US)$ 、 $Apple (AAPL.US)$ 、 $Amazon (AMZN.US)$ Following closely, the market is about to become exceptionally lively.

Here isThis week's earnings reports company calendar, everyone can pay attention in advance!

Whenever the earnings season approaches, market volatility intensifies, and investors are eager to seize this market opportunity.

However, in this fast-paced trading environment, besides keeping calm, it is even more important to have some efficient trading tools to deal with challenges.

Today, Mr. Ah will talk to everyone aboutThe things about placing orders

- Order types and attached orders.

First, let's take a look at a screenshot of the Futubull trading interface. Does it feel overwhelming at first glance?

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There are so many order types and what are attached orders? What are these things for?

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Don't panic, Mr. Asia Vets has a clever solution to calm your anxiety, it's not their complexity that worries you, but rather your lack of understanding.

Order types:

They can be used for both opening and closing positions, and are the basic execution method for determining opening/closing trades, a total of 8 types of order types.8 types of order types.

can help you achieve quick fills, some can help you withother uses.Best price execution。

Attached order:

Together3 typesOnce you open a position, the attached order will automatically execute the closing order under specific conditions.Close the position automatically.。

Providing additional conditions or instructions for closing positions makes it easier for you in complex markets.

1. Order Types

Let's talk about order types first.

Different order types are designed to meet the ordering needs of different scenarios, making it easier for investors to implement trading strategies and carry out risk management.fitting various ordering needs in different scenarios.facilitating investors in implementing trading strategies and risk management.

There are 8 types of order available for trading in US stocks: Limit Order, Market Order, Stop Limit Order, Stop Order, Touch Limit Order (Take Profit), Touch Limit Order (Stop Loss), Trailing Stop Limit Order, Trailing Stop Market Order.

limit order, market order, stop limit order, stop order, one-cancels-the-other order (take profit), one-cancels-the-other order (stop loss), trailing stop limit order, trailing stop market order.

However, in most options trading scenarios, limit orders and market orders are already sufficient to meet the demand.

If you are interested in other order types, you can click the "i" symbol on the trading page to find more information.

What is a limit order?

A limit order refers to an order to execute a buy or sell at a specified price or better.

If you wish to open a position to buy one AAPL call option at a price of $5, the total expenditure must not exceed $500.

You can then place a limit order with a price of $5, so your order will not be filled at a price higher than $5.

The advantage of a limit order is that the price is controllable.It can be executed at the price you set or at a better price.

However,The disadvantage is that it may require waiting for upstream matching to complete the transaction., there is a certain waiting time for the transaction, and it may also occur that the transaction cannot be completed.

What is a market order?

A market order does not need to specify a price, but will execute buy or sell orders at the market price.

If you wishto quickly open a long position by buyinga call option for one AAPL share, you can place a market order.

Then the system will quickly match the prices on the market and buy or sell at the market price.Immediate execution.。

The advantage of a market order is fast execution, but the downside is that the price is not very controllable.Especially when using market orders during high volatility in options prices, extra caution is needed because the fill price of market orders is not guaranteed, meaning the order may be executed at any price.

It is especially important to be cautious when using market orders during large price fluctuations in options, because the fill price of market orders is not guaranteed, which means the order may be executed at any price.

Attached orders.

Today, we will focus on discussing attached orders.

In options trading, placing an order is a key step in implementing trading strategies, asia vets does not allow anyone who doesn't know what an attached order is.

An attached order refers to:

In an opening order(parent order) on top ofsetclosing order (attached order)。

After the parent order is filled, and when the option price reaches the trigger price, the attached order will be automatically submitted to achieve an automatic closing.

There are three types of attached orders:

Take profit order, stop loss order, bracket order.

Mobile end path:

Options trading page - click on the top right corner to switch to the professional version - attached order - click on the downward arrow on the right side - select the desired attached order type.

Computer end path:

Watchlist - Select the stock - Below [Related Options] - Select the options to trade - Top right [Quick Trade] - Bottom right trading sector - Attached order

What are bracket orders, take profit orders, stop loss orders?

If you have a predefined take profit and stop loss strategy when opening an options trade.

So it can be done.Dropdown menuQuickly add an attached order, which can automate profit-taking and stop-loss, completing the opening and closing in one click.

In the example above, you opened a $5 call option on AAPL, spending a total of $500 in option premium.

As you have expectations for the performance of AAPL, you set a profit-taking price of $10 and a stop-loss price of $2 at the same time as the opening.at the time of openingset of parenthesesbracket order。

This way you can rest assured to do other things,without having to watch the screen all the timebecause your profit and loss boundaries have been secured.

Bracket orders are composed of a take-profit order and a stop-loss order together:

After the parent order is filled, the order that first reaches the trigger price will be submitted, and the other order will be automatically cancelled by the system.

A take-profit order is a special type of limit order:

Its symbol and quantity are the same as the parent order, the direction is opposite to the parent order, and the order price is the take-profit price.

If the price of the call first reaches $10,will trigger a take profit order, the system will automatically submit a limit order at a price of $10,automatically sell the call at the price of $10,achieve the take profit goal, making you wake up with a smile even in your dreams.

A stop loss order is a special stop loss market order:

its code and quantity are consistent with the parent order, the direction of buying or selling is opposite to the parent order, and the order trigger price is the stop loss price.

If the price of the call first reaches $2,Will trigger a stop order.the system will automatically submit a market order at the market price.automatically sell call at market price, achieving the purpose of stop loss, avoiding bigger losses.

It is important to note that the take profit price here represents both the trigger price and the order price (limit order). The stop loss price only represents the order trigger price, and once triggered, will be submitted to the market according to the stop order market price.

The above is the sharing for this issue, welcome all mooer friends to share with one click.

Whether you are a novice or an experienced trader, understanding various types of orders and their applications is a must on the trading journey.

By using limit orders for precise entry, market orders for quick execution, and asia vets stop loss and take profit through attached orders, we can more confidently deal with market fluctuations and seize investment opportunities during earnings season.

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