Using Conditional Orders
Conditional Orders are perhaps some of the most important tools an Options trader should master. Most people don't have time to monitor markets throughout the day, however certain Options positions may need to be monitored constantly, so that any action can be taken to counter an adverse move. But if you can't attend to the Markets, Conditional Orders can be set up so they get triggered ONLY when a certain condition is reached, and traders can design these conditions based on their positions.
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