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
b) Buy 3 Puts Citicp July 55
c) Buy 3 Puts Citicp July 55 at 6 3/8
Remember not to confuse the limit price with the exercise price.
If you have a exercise price and a limit price, there is no need for further specification.