What type of order would it be?

Dec 14, 2016
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#1
Hi!

Given that I have a long position in stock A, I intend to sell it if it drops below $50 or rises above $60. How should i execute an order to meet both criteria?

Thank you.
 

highbury fx

Well-known member
Mar 31, 2014
338
114
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#2
Hi!

Given that I have a long position in stock A, I intend to sell it if it drops below $50 or rises above $60. How should i execute an order to meet both criteria?

Thank you.
Attach an OCO instruction to the open position to sell on stop at $49.95 and a limit order to sell at $60.05.

The OCO will fill whatever order is triggered first and cancel the remaining order, hence the order type One Cancels Other