Options Glossary, Buy Stop Order, Order,Stop Order
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Options Glossary - Most Used Terms
Buy Stop Order
An order to purchase a security entered at a price above the current offering price triggered when the market hits a specified price.
See Also:
Order: A ticket or voucher representing long or short securities and options.
Stop Order: An order (often erroneously known as a 'stop-loss' order), placed away from the current market, that becomes a market order if the security trades at the price specified on the stop order. Buy stop orders are placed above the market while sell stop orders are placed below.
