How To Buy or Sell Options Based On the Price of the Underlying Stock

https://www.spyoptionstraders.com In this video I explain how to use Thinkorswim by TD Ameritrade to place option orders, buy to open, sell to close, or stops or really any kind of order with TOS and base the order on the price of the underlying stock. For example, I buy a call option on AMD. In this case I bought the 4-24 expiration $57 strike call. And I want to get out of that option if the price of AMD dips to $56.50 or lower. You can do this with an stock, etf, or futures that you play options on. You can do it with straight stocks as well, but we play options in our group so this is to place orders on options based on the underlying price. Get a 7-day free trial of our options alerts group: https://launchpass.com/spy-options-trading/spy-alerts And don’t forget to subscribe!

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