I notice on Nadex you can pick your price for any buy or sell (haven't seen it on IG though) and it will sit as a working order until that price is reached. Can you buy and sell an option with the same strike or will one cancel the other? Example: say EU is at 1,3814 and you buy a cheap option at about 20-30 with a strike of 1,3920, you expect price to go up and then sell the same strike when the price reaches 70-80. Is this possible or will it close at 40-60 profit? I haven't tried it but probably not. If you somehow can keep both open... no way to loose money wherever the market goes. But I doubt it. Doing strikes of 20pip gap perhaps is the way and if the price expires in that range then you loose both sides. (Considering both got filled). Anybody tried any of this? But then again if you know which way the market is going then buy or sell in that direction and take your profit before expiration, before it turns against you. mmm... Just thinking out loud...