Chapter 04 · Section 4.1

Proper Orders

Which of the following are proper orders?(Note: GTC means Good-Til-Cancelled)

a) Sell 10 puts Homstk June 25 at 1 1/2 or better, GTC
b) Sell 10 puts EKodak June 55 GTC
• c) Buy 5 calls Pepsi June 95 at 3 3/4 or better, one cancels the other
  No. One order alone cannot be specified as "one cancels the other."
  d) Buy 30 calls Polar July 65 at 3 3/8 or better, fill-or-kill
  e) a and b
  f) a and d

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