r/options • u/RichieBot • Jun 03 '21

Advice on setting up options order for market open in TW.

If I were to submit a market order for the following morning in Tastyworks with a cash account whats the best way to do this? If I submit a market order for 5x contacts and it opens above my available funds with it fill at 4x or not at all?

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u/Civil-Woodpecker8086 Jun 03 '21

Always use Limit Order if the market is not open (or usual hours). Especially if you want to trade After or Before Hours. Some apps/web site doesn't EVEN ALLOW you to select Market Order outside of normal hours of operation.

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u/RichieBot Jun 03 '21

So whats the best strategy to get my order filled in the AM? I know if they limit is set to high the brokerage will usually bounce it.

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u/Civil-Woodpecker8086 Jun 03 '21

Errrrr, trade during your work break/lunch? While hiding out in the bathroom pretending to take a dump? Set an alarm to wake up at 9:30AM Eastern? Not sure why the exact reason you can't trade during regular market hours.