Basics
Good-Til-Canceled (GTC)
Order active until filled or canceled
What is Good-Til-Canceled (GTC)?
Good-Til-Canceled (GTC) An order that remains active until it is filled, canceled by the trader, or expires (typically 60-90 days depending on broker). Useful for setting target entry prices on options you want to buy at a specific premium level.
Complete Definition
An order that remains active until it is filled, canceled by the trader, or expires (typically 60-90 days depending on broker). Useful for setting target entry prices on options you want to buy at a specific premium level.
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