TSLA
Tesla
-- 355.840 NVDA
NVIDIA
-- 138.850 INTC
Intel
-- 23.600 NBIS
NEBIUS
-- 44.490 PLTR
Palantir
-- 119.160 
How does MooMoo’s Buy STOP Order (BSO) work?
Hi @Investing with moomoo @Moomoo Lily when SPY is at 492 and SPY CALL is at 3.44.
lets say i am keen to buy SPY Call option if SPY reaches 493 (which means the SPY Call may reach 4.20 to 4.40). And so i use a buy stop order on SPY CALL OPTION (see screenshot). question is, does this BSO get triggered by SPY’s price, or by SPY Call’s price?
Meaning, do I place BSO and indicate price as 493, or do I place BSO and indicate price as 4.20?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Discussing
Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
Moo Live
Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
Moomoo Lily : Hi, @Moomoo Buddy Please help!
Edit name OP : @Moo Options Explorer
There are masters in the folk, and the masters are in the folk
As soon as the master takes action, you'll know if there are any
Moomoo Buddy : Dear client, if you put stop order to buy SPY Call options, the trigger price only bases on the options market price (SPY Call's price) . If you have any questions, please feel free to contact us via MooMoo-Me-Customer Service-Online Inquiry or hotline (+65)-6321 8888 Thank you for your support! Have a nice day！![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Edit name OP Moomoo Buddy : Hi, thanks for the update. This method of tagging the stop order to the underlying instrument is correct for stocks, but it is incorrect for options.
Options come with a high spread and delta, and the delta means that the stock’s price will never be 1:1 to the call option. So, the call option’s buy stop order should allow for an order based on the stock’s price, and not the option’s price. This is also how other option brokers provide the buy stop order!
I hope I have not confused you by mentioning delta, but I have to highlight that the buy stop order based on a call option’s price is meaningless. It’s like giving me an umbrella in Thailand if it rains in Switzerland. That’s how useful a buy stop order based on the call option’s price will be, to someone who trades options based on the stock’s price movement.
@Moo Options Explorer@Moo Live@Meta Moo@Moomoo Breakfast US@Moomoo Event@Mooers Radar@Moomoo Lily@Investing with moomoo@BullBullMoo@Nasdaq Composite Index@Popular on moomoo@To the Moo
Moomoo Buddy : Dear client, regarding your feedback, I suggest you go to Me > App Feedback or tap the link: https://feedback.moomoo.com/publish for product feedback. So that our related colleagues can receive your feedback. We truly value your feedback. We would record your opinions and feedback to relevant colleagues. We are constantly improving our products and services to bring you a better experience in the future. Thanks for your support, have a nice day!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")