Re: [RT] Fw: on-stop option orders?

["Dom Perrino" <domenick@xxxxxxxxxxxx>]

An order like that could be doable if you can 
get a pager that lets you set an alert as to price, volume, and time. Once 
you get alerted you would place the order for the options. 
Dom 
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  tim 
  long 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx 
  Sent: Monday, October 16, 2000 9:19 
  PM
  Subject: Re: [RT] Fw: on-stop option 
  orders?
  
  Thanks Ira.  I was thinking more along the lines that 
  the order would have been broken down by someone/thing into' buy 10 xyzua at 
  the market', before it got to the floor.  I  imagine 
  TRADESTATION/RADARSTAION can handle some of it as "rules", but I'm ignorant of 
  the mechanics. I'm not up on the current technologies. I imagine a beeper will 
  have to go off at least once and the option order part would have to be 
  called/on-lined in. So, maybe the issue is more like ''how much of this order 
  can be automated or left as broker instructions the evening before ?". I guess 
  things change slowly in brokerage firms. I was hoping they could deal with any 
  legal loophole simply by taping the order.  I appreciate the feedback. 
  Thanks, Tim.
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Ira Tunik 
    To: <A 
    href="mailto:realtraders@xxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx 
    Sent: Monday, October 16, 2000 6:17 
    PM
    Subject: Re: [RT] Fw: on-stop option 
    orders?
    I don't think any floor broker would take that kind of 
    order.  To many contingences and risk to justify the commision. 
    tim long wrote: 
    
      
        I'd like to place an order like this 'buy 10 xyz 
      near-month-at-the-money-call-option at the market, if stock xyz hits 50 
      and volume is 100% of the average daily volume by 11am.  Does anyone 
      know of any software and/or broker, I could leave such an order to be 
      executed with. Thanks, Tim 
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