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:
d) as good as specified or better.
No. This condition applies to limit orders, not to stop orders.
a) as high as specified or higher.
b) as low as specified or lower.
c) as bad as specified or worse.
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