medium · Market Microstructure mmf-core
A trader holds a long position in stock XYZ at $85.00 and places a stop-market sell order at $82.00. Due to a negative news event overnight, the stock gaps down and opens at $79.50.
At what price will the trader's order likely execute?
- The order will not execute
- $82.00
- $79.50
- $80.75
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