Hi all
I’ve searched the Web near and far but could not find an answer to my question. Could a kind soul please help out?
Consider the following situation: I want to buy an exchange traded spread, e.g. the NOB, and hold for several days. Let’s say the NOB is unchanged for the day. I pull up a DOM, buy and put a stop 10 ticks below and a target 20 ticks higher (both GTC). The NOB rallies and closes 10 ticks higher for the day. So far, so good. Overnight, the NOB resets. Upon the…