Chapter 04 · Section 4.1

Limit Orders 3

Which of the following is a limit order:

Note: Citicp is the ticker symbol for Citicorp common stock. The option is traded on CBOE.

• a) Buy 3 Puts Citicp July 55 Stop-Limit 6 3/8
  No. (a) is a Stop-Limit order, which is different than a limit order.
  b) Buy 3 Puts Citicp July 55
  c) Buy 3 Puts Citicp July 55 at 6 3/8

(Click here for help)