A limited price order that is to be executed in its entirety or not at all (no partial transaction). AON orders are not shown on the specialist’s book because they cannot be traded in pieces. Therefore, they will not show on the Bid or Ask.
Term of the Minute
- Put Option
This security gives investors the right to sell (or put) a fixed number of shares at a fixed price within a given period. An investor, for example, might wish to have the right to sell shares of a stock at a certain price by a certain time in order to protect, or hedge, an existing investment.