SIE practice questionmediumOrder Types
A client wants to ensure a stock is sold if it drops to $30, but only if it can be sold at $29 or higher. Which order should they place?
- ASell market order at $30
- BSell stop-limit order at $30 stop, $29 limit✓ Correct answer
- CSell limit order at $29
- DSell stop order at $30
Explanation
Why B — Sell stop-limit order at $30 stop, $29 limit
A sell stop-limit order triggers at $30, but only sells at $29 or above. A stop order doesn't specify a limit. The other orders don't combine the required conditions.
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