With the stock at $175, a novice trader buys 1 call option:
Option Price: $20
Strike Price: $200
Expiry: December 15, 2020
He wants to SELL TO CLOSE the option on December 1st, 2020 end of day for whatever the market price.
I looked at this list of order types. What order type should the trader choose?
The following order type is from etrade Powertrade. Will this serve the purpose?
The Duration available in the form are:
- Good For the Day
- Good Until Cancelled
- Good Until Date
- On the Open
- On the Close
- Immediate or Cancel
- Fill Or Kill