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OOPS! The OEX Book cannot accept stops. That is an enhancement that has NOT
come online yet. OEX brokers can accept stop and stop limits, but again few
brokerage houses want to take anything but a "best efforts" attempt in something
as fast moving as the OEX.
THE DOCTOR wrote:
> 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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