A block order is a high volume order that consists of a minimum of 50 contracts at a specific limit price.

To submit a block order

  1. Click the bid or ask price field on the option for which you want to submit a block order.
  2. Check the Block Order attribute. To display the attribute:
    • Hold you mouse over the Type field label until the green “+” sign appears.
    • Click the “+” sign to display the field pick list, and from the Order Attributes section select Block Order.
  3. In the Exchange field, select ISE.
  4. In the Price field enter a limit price.
  5. Click Transmit to send the order.

For more information, visit the Order Types information page.