How to Read Alerts

How To Read Trade Alerts

1. Order Type
  • BUY – Order has been placed as a limit order and not yet filled
  • BOT – Order has been placed and filled
  • SELL – Order has been placed as a limit order and not yet filled
  • SOLD – Order has been placed and filled
2. Number Of Contracts
  • +10 in this example
3. Symbol
  • HD in this example
4. Option Size
  • 100 in this example (100 is the standard option size meaning one option controls 100 shares of stock. For minis the number would be 10. This will almost never change and currently neither John or Henry trade minis).
5. Expiration Month (and week if applicable)
  • In this example SEP 14 which means the September 2014 Monthly contracts. If this was a weekly contract you would see the week after SEP
6. Price Strike
  • In this example the 85 strike for the SEP 14 Monthly Option
7. Option Strategy
  • In this example a CALL option. Could also be PUT or VERTICAL or other options strategies
8. Option Price
  • Price at which the option order was placed. In this example .95 cents
9. Exchange
  • The exchange where the order was filled. This does not matter at all.
10. To Open or To Close
  • TO OPEN – This is a new order
  • TO CLOSE – This order is closing out an order which was opened previously
These alerts are not solicitations to buy or sell any option or stock. Everyone is responsible for their own trades. Trade alerts which 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 following any other trader.