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Pegged Orders
Select from the available fields to create an order. The fields are context-sensitive, which means that only valid selections will be active. For example, if you are creating any kind of order other than a Pegged to Stock options order routed through BOX, this page will be inactive.
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Field
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Description
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Notes
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Stock Ref Price
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Enter a stock price.
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If you do not enter a value, the midpoint of the NBBO at the time of the order is used.
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Underlying Range (Lower)
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Define the lower portion of the stock range outside of which your order will be cancelled.
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Underlying Range (Higher)
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Define the higher portion of the stock range outside of which your order will be cancelled.
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Delta
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Enter a value (which will be used as a percent, ie. ".5" equal 50%) that will be multiplied by the change in the underlying stock price. The product is added to the starting price to determine the option price.
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