What is “Buy-Low”?
What is “Buy-Low”?
Investors set a specific buying price and the system will place an order automatically after the price is reached. “Buy-Low” order is usually set to buy an option at lower price when investors are optimistic about the option.
Instruction
When you believe that an option has upside potential, and hope to buy it at a lower price. You may set the conditions through “Smart Order” - “Buy-Low” to buy an option when it reaches the specified price.
Let's look at the steps:
STEP 1 Select option
Enter the option for trading and select “buy-low” 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. When the option price reach to a specified price, the buy order will be triggered.
Enter the % of decrease for proportion trigger type. The system will calculate the corresponding option price according to the filled proportion.
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 “Buy-Low” 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.
