An order to buy/sell a futures/options contract with a price limit. If it’s a buy order, it can’t be executed higher than the limit listed (e.g. 70cts/gal). If it’s a sell order, it can’t be executed lower than the limit.
An order to buy/sell a futures/options contract with a price limit. If it’s a buy order, it can’t be executed higher than the limit listed (e.g. 70cts/gal). If it’s a sell order, it can’t be executed lower than the limit.