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SMA vs EMA
Taylor Horton
Reading ThinkorSwim trade alerts can become confusing especially if you are new to trading.
Once an alert is sent out it can look something like this. (If you’re looking for how to buy a call option, please go here!)
You will find that the posted trade alerts are in the same format as the trades in the Thinkorswim platform.
There may be an alert where there may be more than one position listed.
For example, an Iron condor for Apple may read 317.5/335/317.5/300 call/put.
In this case, the alerts list “call/put”, meaning the call is the first set of numbers “317.5/335” and the put is the second set “317.5/300”.
As an example, for the following alert
SOLD -1 IRON CONDOR PINS 100 (Weeklys) 30 APR 21 77/87/77/67 CALL/PUT @6.57
The order structure is the 77 call and put are sold the 87 and 67 are bought as protection. 87 call, 67 put.
These alerts are not solicitations to buy or sell any option or stock. Everyone is responsible for their own trades. Trade alerts that are sent out may never receive any follow-up. Please be responsible for your own trades. This means you should know what and why you’re getting into a position, understand your own risk level, and manage your own trades. This is a part of learning how to be a responsible trader and not blindly follow any other trader.