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This is not a recommendation, but a few years back a company named Accutrade
had trading software that supposedly facilitated complex contingencies, up
to 99 I believe. Don't know if it would work with options or just stocks.
Never had an account with them, just a demo CD.
BobR
----- Original Message -----
From: RAY RAFFURTY <rrraff@xxxxxxxx>
To: Realtraders (E-mail) <RealTraders@xxxxxxxxxxxx>; De Vries, Trevor
<Trevor.DeVries@xxxxxxxxxx>
Cc: Real Traders <realtraders@xxxxxxxxxxxxx>
Sent: Tuesday, August 03, 1999 7:59 AM
Subject: RT_Re: Option Trading
> Hi Trevor,
>
> What you are asking for is a contingent order, one action is contingent on
> another. In order to do this you must deal with a live broker who will
> accept this type of order, then it is usually on a best effort basis only.
> You could do it over the net with a deep discount broker by watching the
> stock and when it reaches your price, buy at the market. This means you
are
> glued to your screen and I assume that is what you are trying to avoid.
>
> I assume you are position trading, if so, why not use end of day close as
> the signal and place the market order to buy on the open?
>
> Perhaps someone can suggest a good broker for contingent orders.
>
> Good luck and good trading,
>
> Ray Raffurty
>
> ----- Original Message -----
> From: De Vries, Trevor <Trevor.DeVries@xxxxxxxxxx>
> To: Realtraders (E-mail) <RealTraders@xxxxxxxxxxxx>
> Sent: Tuesday, August 03, 1999 3:08 AM
> Subject: Option Trading
>
>
> > R'Ters
> >
> > Could someone please provide info on the following :
> >
> > * I'm looking for a good equity options broker (discount house) for
> > daytrading options.
> > * Is it possible to place the following trade :-
> > Go long 1 August call at strike $50 (at the market) if the
> > underlying equity (say INTEL) trades through my stop price.
> > What i'm trying to achieve is, if the stock trades through my stop
> > price, then go long 1xcall at the market. So the stop order exists on
the
> > equity (as the trigger) and NOT the option. Is this feasable.??
> >
> > Appreciate any input.
> >
> > Regards
> >
> > Trevor De Vries
> >
> >
> >
> >
>
>
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