7.11 A trader who owns shares of a stock currently trading at $100/share places a “GTC, stop 90,
limit 85 sell" order (GTC = Good till cancelled). Assuming the specified stop condition is satisfied
and the order becomes executed, which of the following statements is the most accurate?
A. The trader faces a maximum loss of 15.
B. The order will be executed at the exact price, either 90 or 85.
C. The order becomes a market order when the price falls below 85 and remains valid for
execution.
Correct Answer: A.
我的理解是在价格为90或者85的时候，这个订单都可以被执行。这个GTC生效是90，跌破85后失效，所以90和85都是可以sell的呀
