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I would like some comments on how to give orders for futures and
options to a broker from the situations below!
1. Futures- If say corn is at 270 and I want to buy it at 265 what would
the order be?
2. Futures- If say corn is at 260 and I want to buy it at 265 what would
the order be?
3. Options- If corn option is trading at 5 and I want to buy it at 4 what
would the order be?
4. Options- If corn option is trading at 3 and I want to buy it at 4 what
would the order be?
On 1 and 3 the price is above and I don't want to buy until it drops to
my price then get in.
On 2 and 4 the price is below and I don't want to buy until it goes up to
my prices then get in.
This is probably a stupid question but I would like to here the answers.
Thank You,
Phil
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