NO.PZ2023040301000047
问题如下:
A trader who has bought a stock at $30 is concerned about a downside movement in the stock and would like to place an order that guarantees selling it at $25. Which of the following will most likely help the trader achieve her objective? (GTC = Good-till-cancelled)
选项:
A.“GTC, stop 25, market sell” order
“GTC, stop 25, limit 25 sell” order
“long put option” market order with a strike price of 25
解释:
Option contracts can be viewed as limit orders for which execution is guaranteed at the strike price. Therefore, a “long put” order at a strike price of 25 will guarantee selling the stock at 25.
B选项为何不对?