This video shows different methods for using the conditional order functionality inside the Interactive Brokers Trader Workstation software. Learn how to trade options using IBKR TWS software when stock price is reached. One of the main challenges with conditional orders and options trading is getting the order price to automatically adjust, and compete for a fill on the current bid/ask. This video shows how to use the Post-Only and Smart Max Rebate features to lower trade commissions when trading US Stocks and Options.

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The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

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0:00 Intro Examples
1:22 Layout Description
3:02 Adding Option Combos to Watchlist
5:32 Creating order ticket for conditional order
6:34 Adding the order condition
7:14 How these conditions work on the back end
8:53 Conditions during After Hours Trading
9:39 Adjusting existing order conditions
10:56 Limit Price Does not Auto Adjust
11:51 Supported Software & Order Types with Conditional Orders
12:30 Adaptive Algo is supported conditional orders on single options
14:30 Triggering a conditional Adaptive MKT order
15:40 Adaptive is fast but sometimes takes liquidity
16:37 Post Only combined with marketable limit price
18:38 Trade Commission Differences
21:50 How to enable post only for single options
23:00 Conditions on Options Combo trades
24:23 Using a price alert when condition is true
26:15 Snap Mid order type for Option Combos
27:58 Sometimes orders get frozen in Paper Account
29:40 Executing Spreads as individual legs
31:30 SMART Max Rebate destination helps with fees
32:30 Closing Individual Legs as a Strategy
34:30 Commissions are similar for both methods
35:15 Non Guaranteed Option Combos are supported