Options are the most versatile financial instruments in the world today. However, options are versatile not only due to their characteristics but also due to the myriad of advanced orders you can trade options with. One of the most important of these advanced orders is what is known as a "Contingent Order". Contingent orders are extremely customizable orders that enable an options trader to automate almost every aspect of their options trading, effectively saving time and avoiding emotions in executing options orders.
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