Business, Legal & Accounting Glossary
A buy on opening order is an order to your broker to buy a stock at the opening bell. A buy on opening order is a market order which means that your buy on opening order will be filled at the best price possible within the opening range of prices. No specific price is guaranteed with a simple buy on opening order. A buy on opening order can be placed any time after the close of trading on the previous day. A buy on opening order can establish a new position or a buy on opening order can close an existing short position. An investor can place a buy on opening order for the purchase of stock, options, bonds, and commodities.
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This glossary post was last updated: 4th February, 2020 | 0 Views.