What is “Breakthrough buy”?
What is “Breakthrough buy”?
Investors set a specific breakthrough buying price and the system will place an order automatically after the price is reached. “Breakthrough buy” order is usually set to buy options when investors believe the option price will continue to rise after breaking through the pressure level.
Instruction
When you believe that an option will rise sharply in the future and you hope to buy it immediately when it breaks through a certain price. You may set the conditions through “Smart Order” - “Breakthrough buy” to buy an option when it breaks the expected price.
Let's look at the steps:
STEP 1 Select option
Enter the option for “Breakthrough buy”, typically are the options with active transactions.
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 increase 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 “Breakthrough buy” 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.
