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What is a Trigger Order?

April 26, 2017Trigger

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What is a Trigger Order?

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A Trigger specifies certain conditions necessary for an order to be entered. OptionsHouse provides an Advanced Order ticket to enable this type of order. A Trigger can be set on a security price (Bid, Ask, or Last) or as a specific time on a specific day. Basic Trigger – stock trigger for an option order Assume you want to place an option order based on the price of an underlying security.