Chapter 04 · Section 4.1

Limit Orders- Execution 1

Suppose you placed the following limit order:

BUY 3 CALLS OEX JUNE 230 AT 7 1/4 OR BETTER

Note: OEX is the ticker symbol for the CBOE S&P 100 Index option. The next morning, you read that the OEX June 230 call closed at 7 5/16. From this information, you:

a) know that your order was executed.
b) know that your order was not executed.
c) cannot tell whether your order was executed.

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