Chapter 04 · Section 4.1

Stop Orders- Market Price

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

When you placed this order, the market price was:

a) Above 3 1/2.
b) At 3 1/2.
• c) Below 3 1/2.
  Yes. You placed the buy-stop order fearing a rise in prices. The market price was lower than 3 1/2 when you placed the order. Continue

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