Bubba entered an order to sell long 100 shares of XYZ at 38.75 stop limit. Thereafter, the following round-lot transactions occurred: 38.75, 38.65, 38.50. At what price was Bubba's order executed?
A)38.75
B)38.65
C)38.50
D)it was never executed

Question

Quizplus · Accepted Answer

it was never executed. The first transaction at 38.75 elected the order, but since it was both a stop order and a limit order, there was never another transaction at 38.75. Consequently, Bubba's order was never executed.

Bubba Entered an Order to Sell Long 100 Shares of XYZ