On the Open orders with dollars?
Here’s a summary of the main problem and solutions discussed in the post:
- Main Problem: The user, EE, is inquiring if it’s possible to create an On the Open order using dollars instead of shares.
- Solution Provided: FidelityDexter explains that dollar-based and fractional share orders can only be placed with “Day” as the time in force (TIF).
- Additional Action: FidelityDexter assures that the suggestion regarding using these orders with an On the Open TIF will be forwarded to the appropriate team.
Here’s the full thread
Is it possible to create an On the Open order with dollars instead of shares? If it is, I’d love to know how, otherwise it’d be great if you guys could pass the suggestion along to the appropriate team at Fidelity.
Morning @EE, great question!
Dollar-based and fractional share orders must be placed with “Day” as the time in force (TIF). With that said, I’ll be sure your suggestion regarding the use of these orders with an On the Open TIF is passed along to the appropriate team. 🟢
Good to know, thanks!