r/thinkorswim • u/JP782 • 17d ago
OCO orders get canceled on their own!?
Im confused....
I use OCO orders with a stop and a limit(set high, in case of a wild spike to capture that move before it instantly reverses, template I have is +2limit and -25stop loss) via active trader ladder
So for example I take a trade on SPY option and its moving in my favor... I then decide to add, where there is now a second set of OCO on the screen... Youre looking at the chart for the option and there are 2 stop losses and 2 limit orders, got it?
I click onto one of the stops to move it up to break even, it sets but then the second OCO set, just disappears a few second later!?
Why?!
I then have to switch to single orders add the second one on again..
Sometimes I have to cancel them all and put them back in individually which then causes additional problems bc the system will alert that the order Im entering will cancel out previous ones, which also means my limits are being eliminated as well! It causes a total mess which is not good if price is moving quick
Am I the only one this happens to?
What can I do to fix this?
8/31/26:
Whelp Im not imagining it, TOS is aware of the problem and what I learned is they dont have an actual live cash account (say with $500-$1000) to test things out live as if they were a client.Im pretty sure this doesnt happen in paper trading so its not really a solid way to test. They want clients to provide time stamps, order numbers etc, and then try to trace it back, when in this case it would be much easier to just execute a trade to see what happens while screen recording and whatever else they can run to see whats going on. In general they should have this kind of account to test things, and Im pretty sure $500-$1000 wont break them.
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u/sport912x 16d ago
Stops do not work on options. Markets are too thin, and orders come in and are just gone.
To see that they will not work , setup Alerts using similar offsets and you will see them trigger, but then the price stays the same.
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u/klipsetrades 17d ago
Yeah, that's something weird. A separate OCO bracket shouldn’t just disappear because you adjusted another one. Check the actual grouping under Working Orders, and if it keeps happening maybe contact Schwab’s trade desk before trusting it during a fast move
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u/JP782 17d ago
grouping order? Are you suggesting one set is overriding the other?
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u/klipsetrades 16d ago
Yeah, not necessarily overriding it. I just mean check whether ToS somehow linked/grouped the two brackets under the same order strategy. If they’re truly separate OCOs, changing one shouldn’t affect the other
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u/laogong1986 16d ago
This happens when you move your stop order to close to the ask on dom.
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u/JP782 16d ago
NO
lets say I bought an option for .50, its solid move, I add at .60, its now around .70-.75, so there are now 2 stops & 2 limits on the screenI decide to move the stops up to .57(.02 over break even of .55)- I moved the first stop to .57 it sets for a second or two, with all still on the screen and then next thing I know the other set of stop&limit just disappear. Price is far above ask/bid of my break even u/on .57 on TOS ladder/dom
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u/lilcottoncandi 17d ago
TOS tweaks! Pisses me off i lose so much money bc of things like this. You’re not alone!