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Bracket Order
Tuesday, 25 November 2008 21:02
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| Different brokerage firms may have different names for "Bracket Orders." Essentially it is an order to sell a long position or cover a short position at one price or another. For example, if you are long 100 shares of XYZ company, a bracket order would say something like, "Sell 100 Shares of XYZ at $45 per share OR Sell 100 Shares of XYZ at $35 per share, whichever comes first." When one of the two prices is reached, the trade is complete. |