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2 votes
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Indications of Buy or Sell to Open -- Time and Sales Window

I don't use TOS so I can't help you with the nuances of their platform display. But perhaps I can explain some or all, of what you are asked. To make sense of 315 contracts trading with an Open ...
Bob Baerker's user avatar
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2 votes
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TOS: Candlestick vs Candlestick trend

It's explained in the Learning Center (see linked pages for details on the algorithms): Candle Chart (ToS) Candle chart is represented by a candle-shaped bar. Top and bottom sides of the bar indicate ...
0xFEE1DEAD's user avatar
  • 8,498
2 votes

Is it possible to have dividends included in profits and losses with TD Ameritrade's thinkorswim?

I assume that you have evaluated a long trade that spanned an ex-dividend and it did not include the dividend. If you haven't done this, determine the P&L of the trade and see if the dividend was ...
Bob Baerker's user avatar
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2 votes
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Creating a buy stop with stop loss order on Think Or Swim

Do the following: First create your buy stop order for the opening trade: Then change the Advanced Order dropdown to "1st trgs Seq": Then right-click on the buy stop order and select "Create ...
7529's user avatar
  • 3,753
2 votes
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Can a Trailing Stop Limit order extend the upside?

No, the stop order will go into effect immediately. If the stock drops $10, the stop will be triggered, even if the stock did not reach $150 first. Since you don't want a stop to occur in that case, ...
nanoman's user avatar
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2 votes
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ThinkOrSwim: How to explain the coloring scheme of bar charts

In your second link there's a a chart titled "Bar Breakdown". On each bar, the left horizontal line is the Open and the right horizontal line is the Close. Look at the chart immediately ...
Bob Baerker's user avatar
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2 votes
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Option Price Chart Data Not Matching with Table

Illiquid options can have very wide B/A spreads. So too can very deep ITM options. However, that's not the case here because these are very liquid SPY options not far OTM. If your spread's value was ...
Bob Baerker's user avatar
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2 votes

Calculate OTM premium from implied volatility?

I'm not sure why you would want to do such a calculation because if the option trades, the premium is available from the market. Be that as it may, yes, you can use Black Scholes to generate a rough ...
Bob Baerker's user avatar
  • 76.7k
2 votes

Why doesnt the ask reflect my asking price when I put in a sell order below the listed ask?

Brokerages are not required to place your order directly on an exchange as long as they fill it at a price that is the same as, or better than, the National Best Bid and Offer (NBBO). This is the ...
TainToTain's user avatar
1 vote
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How to go to a specific date in ThinkOrSwim on all open / linked charts

I found out how to do this thanks to this reddit post. Reposting here in case it helps someone. Using OnDemand will let you go to a specific date, on all your open charts, while keeping those chart ...
Captain Condor's user avatar
1 vote
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How to close an expired condor position in thinkorswim

There are closing 3 possibilities with an option: You BTC or STC it It expires worthless It's ITM and is assigned/exercised The last possibility warrants some additional explanation. If an option ...
Bob Baerker's user avatar
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1 vote
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Calculate OTM premium from implied volatility?

IV is not constant for a given expiration but you will have a smile. If you have all IVs for all available strikes, you can get an exact theoretical value because the iV itself was computed from that ...
AKdemy's user avatar
  • 2,912
1 vote

How to place Stop-Limit order below current price, and multiple Limit orders above?

You could do this if you enter 2 bracket orders as follows: Order 1: Buy 300 @ $64, $1 profit exit and 20 cent stop loss Order 2: Buy 200 @ $64, $0.5 profit exit and 20 cent stop loss
emge's user avatar
  • 11
1 vote
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Are there different markets between option writing and buying?

With stocks, at the end of the day, traders pull their orders because they don't want any after hours surprises. Options behave similarly except that they don't trade during after hours. In both ...
Bob Baerker's user avatar
  • 76.7k
1 vote

Selling an Iron Condor vs Selling the Put and Call as individual pieces

The advantage to placing an IC order is that you get a fill at your price or no fill at all. If you leg in and you get a a fill on one side and price moves against you, your fill on the other side ...
Bob Baerker's user avatar
  • 76.7k
1 vote

Selling an Iron Condor vs Selling the Put and Call as individual pieces

If you place a market order, then there's no difference; each leg of the basket will be sold at their current bid prices. If you want to ensure that you get a specific price for the basket as a ...
D Stanley's user avatar
  • 137k

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