Chapter 04 · Section 4.1
Execution
Which of the following orders are to be executed entirely or not at all?
b) Buy 100 IBM calls July 150 at 11½, immediate-or-cancel
No. An immediate-or-cancel order can be filled in part, on the condition that it is executed immediately. The unfilled portion is cancelled.
c) Buy 100 IBM calls July 150 at 11½, fill-or-kill
d) a and b
e) b and c
f) a and c
a) Buy 100 IBM calls July 150 at 11½, all-or-none
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