One Cancels the Other OCO Order
Definition
A pair of orders, typically limit orders, whereby if one order is filled, the other order will automatically be cancelled. For example, an OCO order might consist of an order to buy 10 calls with a strike price of 50 at a specified price or buy 20 calls with a strike price of 55 (with the same expiration date) at a specified price.
Related Terms Other terms related to 'One Cancels the Other OCO Order' starting with the letter 'O' Option, Open Outcry, OCO, Open Order or Orders, Offset Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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