Chapter 04 · Section 4.1

When a stop order is executed?

Buy 3 CBOE BankAm June 15 calls stop-loss 3 1/2.

A stop order, whether buy-stop or sell-stop, is executed when the market price gets:

a) as high as specified or higher.
b) as low as specified or lower.
c) as bad as specified or worse.
d) as good as specified or better.

(Click here for help)