Series 4

AAA

The Options Market Place - Option Order Tickets

Prior to transmitting a customer’s option order, the representative must fill out the appropriate order ticket and present it to the trading department or wire room for execution. All order tickets will include:



  • Buy or Sell
  • Name of underlying security
  • Number of contracts
  • Type of option
  • Expiration date
  • Exercise price
  • An indication if transaction is opening or closing the contracts
  • If an opening sale, a notation regarding covered or uncovered is required
  • Account name and number
  • Account type, i.e. cash or margin
  • Price and time limits if any
  • Solicited or unsolicited
  • Discretionary authority exercised or discretionary authority not exercised, if applicable
  • Time stamp when entered, executed, changed, or canceled

series 4 textbooks and exam prep software



Cabinet Trade / Accommodation Trade
comments powered by Disqus
Related Articles
  1. Six Things Bad Financial Advisors Do
    Investing Basics

    Six Things Bad Financial Advisors Do

  2. Fee-Only Financial Advisers: What You ...
    Investing Basics

    Fee-Only Financial Advisers: What You ...

  3. 7 Steps To Evaluate A Financial Adviser
    Investing Basics

    7 Steps To Evaluate A Financial Adviser

  4. What Type Of Person Needs A Financial ...
    Personal Finance

    What Type Of Person Needs A Financial ...

  5. How Your Finances Compare To The Average ...
    Savings

    How Your Finances Compare To The Average ...

Trading Center