Basics
Stop Order
Order triggered at specified price level
What is Stop Order?
Stop Order An order that becomes a market order once a specified trigger price is reached. Used to limit losses or protect profits. Stop orders on options can be risky due to wide bid-ask spreads and fast price moves, potentially resulting in poor fills.
Complete Definition
An order that becomes a market order once a specified trigger price is reached. Used to limit losses or protect profits. Stop orders on options can be risky due to wide bid-ask spreads and fast price moves, potentially resulting in poor fills.
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