One-Cancels-the-Other Order (OCO)
A one-cancels-the-other (OCO) order is an advanced order. Commonly called a bracket order, this type of order allows two orders (typically a stop order and a limit order) to be placed at the same time. When either the stop or limit level is reached and the order is executed, the other order
To place an OCO order:
- On the Main Menu, point to Account, and then click Place Order.
The Order Entry window displays with the Stock / ETF tab selected as the default.
2. Click the Other / Advanced tab.
The Advanced Orders window appears.
3. From the Order list, select One Cancels Other (OCO).
4. In the Build Order area, type your selections in the available boxes or click a selection from the available lists (Symbol, Security Type, Quantity, Order Type, Limit Price, Stop Price, Trail Type, Duration).
Note: The selections vary based on the security and order type values you enter.
For additional information about advanced options orders, see Placing an Advanced Options Order.
5. Click anywhere in the Order 1 box to enter the order you typed in the Build Order area.
6. To add a second order, click the Order 2 box or click Build Next Order .
7. In the Order 2 box, type the order information for the second order.
8. Click Place Order to place the advanced order.
Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund (ETF) carefully before investing. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. These funds' performance will likely be significantly different than their benchmark over periods of more than one day, and their performance over time may in fact trend opposite of their benchmark. Investors should monitor these holdings, consistent with their strategies, as frequently as daily. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.