Option Orders (Back to Index)

In the lower left hand corner of the BEST Direct Trade Ticket Window, you will notice that there is a place to enter basic option orders. To place an option order, simply specify the Quantity, Year, Month, and the Commodity in the “Market Selection” part of the Window. Then specify the Strike Price, Put or Call, and whether it is an Opening or Closing trade under the “Option” part of the window. The option order will automatically set the BEST Direct Window to execute as a Market order. If you wish to place the order as a Stop or Limit, click inside the type of order you prefer, and then enter the price that you wish in the designated window (shown as “Limit” below).

You will then see the same type of trade confirmation window that you see when you place a futures trade:

NOTE: If it is your intention to place a more complex option order, such as a Spread, Strangle, or Straddle you must place this order over the phone with the BEST Trading Desk. Please contact us at (800) 648-6597, (312) 775-3030, or (800) 759-0062.