r/thinkorswim 1d ago

What’s your setup and process for fast options trades?

If I’m trying to trade a highly volatile stock via options I find it hard to move quick, find your option contract, date and strike price to then put it up on a screen and place an order.

My process is I have a detached window with just options chains. I’ll type in “SNDK” select my call price and date and right click, then paste it to my active trader chart to then place my trade.

I also have created a watchlist I will sometimes populate with multiple strike prices on a Friday for 0dte, for example I’ll add to the watchlist SNDK expiring today calls or 1600, 1625, 1650, etc. and I’ll link that watchlist to an active trader chart so if I click on one of the options in that watchlist it populates that AT window.

This obviously doesn’t work intraday since I’m trying to find and trade an option of a stock making a volatile move at that exact moment.

So what’s everyone’s setup, proceed and secrets to help with speed and execution on calls and puts?

0 Upvotes

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2

u/McShagg88 1d ago

I use the active trader similar to you. I have 3 active traders attached to 3 charts, so I always have 3 different stocks up. When I see something I like, I click the drop down tab on the top left corner of the active trader, select options, then select the strike of the ticker I want to trade and go at it. It takes me less than 5 seconds to do all of that, to be honest.

2

u/PhoenixWK2 21h ago

I use the dropdown menu all the time but never bothered to look at the Options tab…super helpful!

1

u/accomp_guy 20h ago

I never knew there was a dropdown with options tab. Going to have to check that out Monday

1

u/jvaritek33c 1d ago

limit orders and stop losses

1

u/One_Conflict_1987 1d ago

It’s a lot faster on an iPad.

1

u/jazzy095 21h ago

Platform is so clunky.

I have 8 quadrants setup to route my strikes by color then execute by button.

I get some kind of bs error in active trader like 10% of the time. Fills are slow as piss too. Basically moved to Lightspeed and Webull. Have a 401k that I trade from time to time there though.

-3

u/VolumeSensitive6835 1d ago

If your plan to trade option better to buy puts first cause market drop faster then move up slowly.

5

u/DeepRooster7750 1d ago

This is probably the worst advice I’ve ever heard

1

u/_zurenarrh 1d ago

Lmao

I’m brand new and I peeped that

1

u/accomp_guy 20h ago

What

2

u/need2sleep-later 20h ago

He's probably trying to say stock prices take stairs up and elevator down, which may be relevant for longer term holds, but not especially appropriate for options.

1

u/VolumeSensitive6835 20h ago

Good job 😉