So I don't know if this is related to the brokerage I was using or a standard I was unaware existed. So I've been trading options on and off for years, but I've recently started trading with tighter profit and loss targets in mind. My question is, why cant I set a Stop loss and a take profit limit order at the same time with options. I've tried setting this up several times and once I set a stop limit order for profits it doesn't allow me to set a stop loss and vice versa. I usually have to cancel one to put in the other. Am I not executing this correctly or is this just how it works?
Stop Loss and Take Profits Order – Need Help
byu/gasu2sleep inoptions
Posted by gasu2sleep
1 Comment
Enter them as an OCO ( one-cancels-other) order.