You can customize your Option order via the Advanced tab.

1. Complete the General tab.

2. Click the Advanced tab.

3. The Acct Type field specifies the type of account you selected from the Account drop-down list box on the General tab (e.g., Customer, Firm, Market Maker On the NASDAQ system, a broker-dealer willing to accept the risk of holding a particular number of shares of a particular security in order to facilitate trading in that security.
   Each Market Maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the Market Maker will immediately sell from its own inventory, or seek the other side of the trade until it is executed, this process takes place in just seconds., Customer B/D).

4. You can attach a discretionary price range to your order. Enter the discretionary price range (i.e., the value that determines how much above your displayed Bid or below your displayed Ask you are willing to execute the order) in the Discretion field; the Discretion field provides you with three different ways to enter this value:

• Enter the value manually (i.e., key it in).

• Increase or decrease the value by clicking the to the right of the field.

• Use the drop-down calculator (click ).

The discretion value will allow you to hit/take Bids/Asks at more marketable prices than your displayed (out loud) price indicates to “the street.” The result may be a better execution price. For example:

5. Click [All or None] to indicate that the whole order must be filled or the exchange should do nothing (i.e., no partial lots).

6. Click [Not Held] to indicate to the floor broker that they will not be held liable if the transaction is not executed or completed. By doing so, you are giving the floor broker a degree of latitude regarding the pricing or timing of the transaction, which may allow for a more favorable execution.

7. The Stp Price field is enabled when you select Stop or Stop Limit in the Price Type field on the General tab. Enter the option contract price at which REDIPlus will submit a Market order (Stop) or a Limit order An order placed with a brokerage to buy or sell at a predetermined amount of shares at a specified price or better than the specified price. Limit orders also allow an investor to limit the length of time an order can be outstanding before canceled. (Stop Limit); the Stp Price field provides you with three different ways to enter this value:

• Enter the value manually (i.e., key it in).

• Increase or decrease the value by clicking the to the right of the field.

• Use the drop-down calculator (click ).

• A Stop Limit order An order placed with a brokerage to buy or sell at a predetermined amount of shares at a specified price or better than the specified price. Limit orders also allow an investor to limit the length of time an order can be outstanding before canceled. also requires the entry of a Limit Price on the General tab.

8. Attach a note (memo) to your option order in the Memo field.

• You can only view memos if you’ve added the Memo field to the Message Monitor’s Message view.

9. When finished, click [Submit].