My trading strategy is designed to maximize your profits, so I often include as tight a buy limit as I can while still giving subscribers a chance to get into the trade. However, it is the nature of options to move quickly, particularly those in large-cap stocks that are frequently traded. As a result, they can occasionally spike above my given limit shortly after my alert goes out.
My recommendation is to set a limit order if you’re not immediately able to buy or sell at the desired price. That way, your order will automatically execute when the option moves back (as they often do). If you have any questions on how to place a limit order, please contact your broker directly, as they will be able to explain the process for your personal account.
To learn more about my strategy for High Octane Trader, make sure to check out my new Special Report, Trading Options With Limit Orders. The report takes you through my process of how I pick limit orders, our buy and sell prices, and why I sometimes send a cancel order.