How to Create a Bracket Orders on Options in ThinkorSwim |Advanced Options Orders

This video will go step-by-step through creating stops and bracket orders on options. We’ll go through several methods to create stops/OCO orders as well as discuss why you may want to be careful when using stops on options. OCO bracket orders (One cancels other) allow you to place both a profit target as well as a stop on your particular option. These will typically be used for individual stocks, but can be used on options contracts as well. Due to the wide bid/ask spreads at times on options you need to much more careful when using these advanced orders.