Contingent Order
1. An order involving the simultaneous execution of two or more transactions.
2. An order whose execution depends upon the execution and/or price of another security. Investopedia Says:
These types of orders are generally placed for option strategies where two separate transactions must occur at the same time. An example is a buy-write, where an investor would buy a stock and sell a call simultaneously. Related Terms:
Buy-Write
Leg
Package Deal
Spread
Strangle |