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
• d) Buy 30 calls Polar July 65 at 3 3/8 or better, fill-or-kill
  No. (d) is correct, but there is also another proper order.
  e) a and b
  f) a and d

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