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If the current market price is at 40 and I expect the price may go up to 45, but I don't want to buy it unless it actually exceeds 45. Can I put a buy-stop order at 45, so when the market price hits 45, a bid market order will be sent?

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  • Your second sentence is correct, sure. Your third sentence, I don't understand
    – Fattie
    Nov 15 '20 at 15:48
  • What do you mean by "Or this doesn't work the order will be auto executed?"?
    – Flux
    Nov 16 '20 at 3:53
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A conditional orders allow you to attach stipulations that must be true before an order can be submitted.

An example of a very complex conditional order might be:

  • Buy 10 call options on MSFT with a specified limit price of 85 cents, but only when its share price <= $46.45 and Volume >25mm and the S&P 500 index was <= 2,000.

Not all brokers offer conditional orders.

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  • Isn't a buy stop order sufficient for what the OP wants?
    – Flux
    Nov 15 '20 at 14:42
  • Yep, that'll do the job. Nov 15 '20 at 19:01

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