contingent order

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Contingent order

An order which can be executed only if another event occurs; i.e. "sell Oct 45 call 7-1/4 with stock 52 or lower".

Contingent Order

An order to a broker to conduct a transaction on the assumption that a related transaction is conducted. The related transaction may occur before, after, or at the same time as the contingent order. That is, an investor may give an order to his/her broker to buy Stock A contingent upon the sale of Stock B. A common example of a contingent order is a buy-write, in which an investor orders his/her broker to buy a security and at the same time write an option with that security as the underlying asset.

contingent order

A special type of security order that instructs the broker to take some action only in the event that something else has occurred. An example would be an order to sell call options on Westinghouse common stock only after shares of Westinghouse have been purchased at a specified limit price.
References in periodicals archive ?
Future enhancements will expand this functionality to include One Cancels Other, One Triggers Two, Contingent Orders and Trailing Stops.
Management expects to receive the first contingent orders for HydroGen's power islands this year, and looks for the Company to turn cash flow positive between 2007 and 2008.
Stops and contingent orders can be triggered by the price of either the option contract or the underlying stock or index.