Sell Bidless Longs on Trade Exit
D
Denny V
We have an option to Ignore Bidless Longs on Trade Exit.
It would be great to have an option to submit the GTC MKT (or LMT) order for those 'abandoned' Long Legs after the main Trade is closed.
Over time, and hundreds of contracts, those $5's ($0.05) or $1's ($0.01) will add up to a decent amount.
Please, consider this.
C
Carl
Upvoted -- I think this has become a materially important feature for high-volume 0DTE users.
I've recently moved from resting Stop/OTO orders to OO-managed exits with Ignore Bidless Longs, and on a single trading day I was left with 30+ protective long contracts after their corresponding shorts had been closed.
Ignoring a bidless long during the critical short exit makes sense. The problem is what happens afterward: those longs may regain a $0.05 or $0.10 bid later in the session, but OO currently doesn't retry them. Across hundreds or thousands of contracts, those nickels add up, while manually identifying true orphan longs is cumbersome and creates the risk of accidentally selling a long that is still protecting another open trade.
Ideally, after the short/main trade is confirmed closed, OO would offer a user-selectable recovery order such as STC $0.05 LMT DAY for any abandoned long. At minimum, an explicit report/log of orphan symbol + quantity would make manual cleanup much safer.
TradeSteward already offers analogous Sell Bidless Longs After Exit functionality, so this also seems like an important feature-parity item for OO.
I hope this can move up the priority list.
Hal Mann
Yes indeed. For those of us who trade a lot of 0dtes, this adds up to real money. Thanks for the making this feature request.