You have no open silver futures position. The December Comex silver futures contract is now at $4.40/oz. You believe it...
You have no open silver futures position. The December Comex silver futures contract is now at $4.40/oz. You believe it will be in a downward trend if it hits $4.20/oz. What order would you place with your broker now?
a. Buy stop $4.20
b. Short stop $4.30
c. Short limit $4.40
d. Short stop $4.20
e. Short limit $4.20
Homework Answers
please find below the solution... let me know if you need any clarification...
correct answer is option : d. Short stop $4.20
Exp : Short stop order will be placed. Under Short stop order future position will be taken if the price fall below $4.2 which is what we need here. There fore correct answer is option d.
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