Options Trading: Rapid Fire

What this video covers

• Why the exchange recognizes only market and limit as order types, while stop, stop-limit, reserve, and all-or-none are order instructions and immediate-or-cancel is a time-in-force term
• How a triggered stop becomes a market order, a triggered stop-limit becomes a limit order, and closing orders are canceled at the regular-hours close if unexecuted
• How unmarked orders default, why a fill-or-kill order is treated as all-or-none, and when an all-or-none instruction is disregarded
• How American-style and European-style exercise rights differ, how assigned exercise notices are allocated, and when a contract is deemed tendered
• How position limits differ from exercise limits, including same-side pairings and the five-consecutive-business-day measurement
• Which thresholds matter for control, large-position reporting, equity limits, exercise advice deadlines, and late instructions
• Why the Trading Permit Holder is responsible for opening transactions, and how index and volatility index option rules create additional exam traps