Placing an Advanced Options Order
- From the Order Entry window, click the Other / Advanced tab.
From the Order list, click the order type of your choice: One Cancels Other (OCO), One Cancels All (OCA) or Conditional.
- From the Security Type list, select Option.
- Use the boxes and lists available in the Option Symbol Builder to choose the contract you want to trade and to specify your order details.
Note: The real-time last, bid and ask information is located at the top of the Order Entry window.
If you are placing an OCO or OCA order, you will see your order summary update as you complete the Order Entry fields.
- When your order is complete, click Place Order.
Note: As with a Standard order, you will not see an order verification screen by default. See instructions for modifying your Order Entry settings to Show Confirmation Window When Placing Orders.
Please note: Adjusted options contracts cannot be traded online. To place an order for an adjusted contract, please contact your local branch office.
Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in Scottrade's Options Application and Agreement, Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options booklet. You can also order a copy of the booklet by phone at 1-888-OPTIONS or obtain a copy at a Scottrade branch office.
Market volatility, volume, and system availability may impact account access and trade execution.