Contains the order entry functionality of the Option Montage Monitor.
The following fields and buttons default as part of the Order bar. See the Processing Orders through the Option Montage Monitor topic for more information.
[Sell] - click to submit a Sell order.
Option Position - indicates whether your order will Close an existing position or Open a new one. Select Auto and REDIPlus will read the Position Monitor to determine the value.
Equity Position - indicates whether your order is Cvrd (covered) or Uncvr (uncovered) by a position in the underlying equity (i.e., whether you already own the equity).
Exchange - lists the exchanges available to you for options trading based on the option symbol entered. Select Default to route your order to the appropriate options exchange via a pre-defined primary market.
Time In Force - the time period that your order will be active.
[Buy] - click to submit a Buy order.
Symbol - the symbol of the option root and OPRA code to be viewed/ordered.
Quantity - the number of option contracts you want to trade.
Price Type - the type of transaction (e.g., Limit, Market, Market Close, Stop, etc.).
Price - the price of the option contract(s).
Account - the account associated with your order; it must be an account that has option trading privileges.