Consider a trader who has sold short 500 shares of Ellen Corp. at a price of ( $ 32.32 ). The current market price is ( $ 34 ). If he would like to limit his losses ( $ 4 ) per share, which order should be place as a hedge?

Limit buy order at ( $ 28.32 )

Stop-loss buy order at ( $ 36.32 )

Stop-loss sell order at ( $ 36.32 )

Limit sell order at ( $ 28.32 )

Question 11 2pts Consider a trader who has sold short 500 shares of Ellen Corp. at a price of $32.32. The current market price is $34. If he would like to limit his losses $4 per share, which order should be place as a hedge? Limit buy order at $28.32 Stop-toss buy order at $36.32 Stop-loss sell order at $36.32 Limit self order at $28.32