medium · Market Microstructure
A trader places a stop-loss sell order at 72.00 on a stock they bought at $75.00.
If the stock closes at $72.50 but gaps down to open at $69.00 the following morning due to bad news, what is the most likely execution price for a stop-market order?
- $75.00
- No execution occurs
- $69.00
- $72.00
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