How to Place an Order for a Future Price

[rxs0005 10]

hi all

 

my Q is how to place an order to trigger at a price i want that is ahaed of the current market price.

 

EG: AAPL is trading at 203.5$ i want to put in a order to buy this only if it hits the exact price of 205.1$

 

limit / stop order wont work

 

how will i do this

 

thanks

 

rxs0005

[jonbig04 10]

 

limit / stop order wont work

 

 

 

Yes it will. Not sure what platform you're using, but I would use a buy-stop-limit order for that.

[BlowFish 10]

hi all

 

my Q is how to place an order to trigger at a price i want that is ahaed of the current market price.

 

EG: AAPL is trading at 203.5$ i want to put in a order to buy this only if it hits the exact price of 205.1$

 

limit / stop order wont work

 

how will i do this

 

thanks

 

rxs0005

 

If you are looking to buy and price is currently below your buy price use a stop limit (it might not fill if price gaps through your entry price). If price is below your entry price and you want a guaranteed fill use a stop order (but you might get slipage).If price is currently above your trigger use a limit order at your required entry price (you might get price improvement).

[rxs0005 10]

Jon

 

so what you are saying is

 

I can put in an order like this

 

Curret market price of AAPL = 204

 

My order entry would be

 

Buy 100 AAPL Stop price : 205.1 ( meaning this order will trigger here at this price )

 

Limit price : 205.2 ( the order wont be executed for more than 205.2)

 

 

i i make limit price = stop price then also it will work .

 

the only drawback is i can get AON option

 

is there a way to get this order saying fill at this price and AON

 

thanks

 

rxs0005

[brownsfan019 17]

Ask your broker, that's what you pay them for.