You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. You also place a stop-buy order at $60. What is your maximum possible loss?
A) $50
B) $150
C) $2,000
D) unlimited
Answer: C
You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. You also place a stop-buy order at $60. What is your maximum possible loss?
A) $50
B) $150
C) $2,000
D) unlimited
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.