Re: [RT] Fw: on-stop option orders?

["tim long" <tlong22@xxxxxxxxxxxxx>]

Thanks Ira.  I was thinking more along the lines that the 
order would have been broken down by someone/thing into' buy 10 xyzua at the 
market', before it got to the floor.  I  imagine 
TRADESTATION/RADARSTAION can handle some of it as "rules", but I'm ignorant of 
the mechanics. I'm not up on the current technologies. I imagine a beeper will 
have to go off at least once and the option order part would have to be 
called/on-lined in. So, maybe the issue is more like ''how much of this order 
can be automated or left as broker instructions the evening before ?". I guess 
things change slowly in brokerage firms. I was hoping they could deal with any 
legal loophole simply by taping the order.  I appreciate the feedback. 
Thanks, Tim.
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Ira Tunik 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx 
  Sent: Monday, October 16, 2000 6:17 
  PM
  Subject: Re: [RT] Fw: on-stop option 
  orders?
  I don't think any floor broker would take that kind of 
  order.  To many contingences and risk to justify the commision. 
  tim long wrote: 
  
    
      I'd like to place an order like this 'buy 10 xyz 
    near-month-at-the-money-call-option at the market, if stock xyz hits 50 and 
    volume is 100% of the average daily volume by 11am.  Does anyone know 
    of any software and/or broker, I could leave such an order to be executed 
    with. Thanks, Tim 
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