HOLLYWOOD STOCK EXCHANGE
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THE ENTERTAINMENT MARKET
Can you Limit trade on adjusting securities? I'll be gone starting tomorrow, and I want to be able to set myself up for the OW and bonds.
For example, if I'm holding one of the OW short and it is currently priced at 100, and I expect it to drop to somewhere in the 70-75 range upon adjust, can I set a limit price of 75 for a cover and a buy limit price of 74 with the expectation that come sunday adjust-time, it drops to 72, the limit orders will be triggered? Obviously, if my adjust guess is wrong, and it only adjusts down to 80, the limit orders aren't triggered, but if the adjust price zooms PAST my limit prices on the adjust, are the limits still triggered?
Similarly, for Bond adjusts on Tuesday, if I ballpark the adjusting prices as my limit prices, will they be triggered? Holding a bond long and setting the limit sell price at just below the adjust price, will the sell order be triggered at the adjust price?
Can you Limit trade on adjusting securities? I'll be gone starting tomorrow, and I want to be able to set myself up for the OW and bonds. Jun 23, 22:51
Yes-ish Jun 23, 23:19
You're right (I had children waking up while I was typing) Jun 24, 01:05
You'll really be unbeatable now {nm} Jun 24, 02:40