This order © has been closed less than a minute after open? Why?
I just entered the orders to have a relative stop and gain (e.g. +5.00 / -5.00). Did I messed up these values somehow or what happened?
7/26/11 9:30 SELL 125 C 39.78 7/26 9:30 39.78 n/a ($3)
When you use "relative orders" keep in mind that the math formula to determine your actual stop price will be applied the same way regardless of whether you are long or short.
You entered that you wanted your stop-loss to be -5 (minus 5) from the opening price. But this was a short position, and so the buy stop that was created for the trade-price minus five was filled right away (i.e. you opened the short trade at 39, and set a buy stop at 34. Since C was trading at 39, this stop order was immediately marketable as soon as you opened the position).
I think C2 should probably add some kind of warning for cases like this, where people enter their stop loss as t - Y for short positions. In fact, all stop losses for short positions should be entered as t + Y.
But until this can be improved, please try to keep this in mind.
