Chapter 04 · Section 4.1

Execution

Which of the following orders are to be executed entirely or not at all?

a) Buy 100 IBM calls July 150 at 11½, all-or-none
b) Buy 100 IBM calls July 150 at 11½, immediate-or-cancel
c) Buy 100 IBM calls July 150 at 11½, fill-or-kill
d) a and b
e) b and c
• f) a and c
  Yes. Both the all-or-none and the fill-or-kill order have to be filled entirely or they are cancelled. The fill-or-kill order has the additional requirement that it be filled immediately or else it is cancelled. Continue

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