What is “Sell-High”?
What is “Sell-High”?
Investors set a specific selling price and the system will place an order automatically after the price is reached. The difference with “Take-Profit” smart order is that “Sell-High” order can set a specific price to sell rather than a ratio. These two types of orders are set to lock in profit.
Instruction
When you believe that your option holdings have upside potential, and hope to lock in profits after reaching a certain increase. You may set the conditions through “Smart Order” - “Sell-High” to sell an option based on the target price.
Let's look at the steps:
STEP 1 Select option
Enter the option for trading and select “sell-high” in order type.
STEP 2 Set a conditional point
Select trigger type, price or proportion can be chosen.
Enter the appropriate target price for price trigger type, generally your expected price.
Enter the appropriate % of increase for proportion trigger price. The system will calculate the corresponding option price according to the filled proportion.
*The price gap should not be too small as the transaction costs needed to be considered and a profitable value should be set.
STEP 3 Set the condition
Set the Price and Quantity.
STEP 4 Select effective time and place order
For the valid date, same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.
Click unlock to trade and submit order. The submitted order can be viewed under the smart order page, and the order can be modified as needed.
*You are not allowed to modify if the “Sell-High” order has been triggered, but you may cancel the order and place another order again.
Order valid date
Same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.
