The Order Ticket Check Deck
Recall the core order-ticket checks that prevent basic options entry mistakes.
quick-ref-deck battlecard comparison Ticket field What does "sell to open" mean? You are opening a new short option position and receiving premium for taking an obligation. Do not confuse sell-to-open with closing a long option. The risk side changes. Action compare Buy to open vs. buy to close: what changes? Buy to open starts a long option; buy to close exits a short option. Order action must be read with existing position, not in isolation. Common objection "The premium is tiny, so quantity does not matter." Quantity matters because each standard contract usually controls 100 shares. Ten $0.20 contracts can…
Sign up free — one personalized lesson every day, matched to your role and goals.
Already have an account? Sign in