Chapter 04 · Section 4.1

Limit Orders- Execution 2

Suppose you placed this order yesterday:

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

You learn that OEX June 230 calls traded at: High: 7 9/16
Low: 7 3/8
Close: 7 7/16

a) You are now sure that your order was executed.
• b) You are now sure that your order was not executed.
  Yes. If your order had been executed, the figure for yesterday's low would be 7 1/4 or lower. Continue
  c) You still cannot tell whether it was executed.