Option Sell—Order Details tab
The first tab of the options order process.
Item | Type | Description |
|---|---|---|
Account | drop-down list | Select the cash account the order is to be settled in. |
Action | drop-down list | Select either Sell or Write. |
Advisor Notes | text | Enter any information that is to be added to the trailer description section of the order. |
Amount | currency | Enter the appropriate amount for preconfigured commission options |
Anonymous | check box | Click if the order is anonymous. |
Commission | drop-down list | Select an option from the list, then enter the appropriate amount for preconfigured commission options in the Amount field. |
Covered | check box | Click if the order is covered. |
Exchange | drop-down list | Select from the list. |
Expiration | date | If the order is to be a day order only, select Day from the Expiration list. If the order is to stand for a month, select GT30 from the list. If the order is to stand for a year, select GTC from the list. For any other expiration date, select Other from the list, then click the  to open the pop-up calendar, where you can select any date.Note: Depending on license, if GTD is selected, select from the list of valid trading days for the exchange. |
IA Code | drop-down list | Identifies the transaction advisor that placed the order. Can be changed. |
Next Day Order | check box | Click if the order is to be executed on the next business day, |
Opening/Closing | option buttons | Select the order entry type. |
Operation Instructions | text | Enter any information that is to be added to the trailer description section of the order. |
Order Source | drop-down list | Select from the list. |
Price | currency | Enter limit price, or enter MKT for a market order. |
Pro | check box | Click if the account is a Pro account. |
Quantity | number | Enter the amount of shares that are to be bought. |
Recommended/Not Recommended | option buttons | If the order was recommended, click the Recommended option button. Otherwise, click the Not Recommended option button. |
Security Description | text | Enter a description for the security. |
Settlement Account | drop-down list | Select from the list. |
Spread | check box | Click if the option order is a spread. |
Stop/Stop Limit | check box/currency | If this is a stop-loss order, click the Stop check box, then enter a stop price in the Stop Limit field. |
Symbol | text, button | Enter the Symbol for the security, or click Find to search for one. |
Trader Instructions | text | Enter any information that is to be added to the trailer description section of the order. |