Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You went short a silver futures contract two weeks ago at $28.50/oz. The price is now $28.00/oz. You want to gain on any additional down

You went short a silver futures contract two weeks ago at $28.50/oz. The price is now $28.00/oz. You want to gain on any additional down movement but still try to protect at least a $0.10/oz profit. What order would you place with your broker now?

A) None of these orders would accomplish the desired goal

B) Buy limit $28.40

C) Short limit $28.10

D) Buy stop $28.10

E) Buy stop $28.40

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions