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The electronic book at the CBOE does accept stop orders. It cannot accept a
stop limit, but it will accept a stop. Stop loss orders are perfectly legal
in options, but few brokers accept them ... except on a best efforts basis.
Marcelo Martinez wrote:
> I have been day trading OEX options for 2 years with some success. I
> have spend the last 2 months, just perfecting my method.
> I am ready to start trading again but I have a question I need answered.
>
> Is it better to day trade OEX options for risk control, however, the
> downside is that I have to keep track of the premium as well , and I
> can't really put stop loss orders on options.
> The SP although more risky, it would seem I would be trading the
> instrument directly, and I could use stop loss orders.
> Again, this would be for day treading only.
>
> Thanks,
>
> Marcelo
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