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Glossary


Limit Order

Limit Order is an order in which the customer specifies a minimum sale price or maximum purchase price, as contrasted with a market order, which implies that the order should be filled as soon as possible at the market price.

See Also:

CIF: CIF is the cost, insurance, and freight paid to a point of destination and included in the price quoted.

Fill: Fill is the execution of an order.

Market Order: Market Order is an order to buy or sell a futures or options contract at whatever price (in opposite to Limit order where price is specified) is obtainable when the order reaches the trading floor.

Mini: Mini (e-Mini) refers to a futures contract that has a smaller contract size than an otherwise identical futures contract.


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Risk Statement:

Naked options trading is very risky - many people lose money trading them. It is recommended contacting your broker or investment professional to find out about trading risk and margin requirements before getting involved into trading uncovered options.

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