hard · Market Microstructure
A trader places a stop-loss sell order at 72.00 on a position. Following a negative earnings announcement after the close, the stock gaps down and opens at $68.50.
If the stop order is a 'stop-market' order, at what price will the trader's execution most likely occur?
- The order will not execute.
- $72.00
- $70.25
- $68.50
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