Mike Bought 200 Shares of EG Stock Two Years Ago

question 32

Multiple Choice

Mike bought 200 shares of EG stock two years ago at $16 per share. The shares have traded in a range of $21 to $44 a share over the past year. EG is now selling for $43.60 a share. EG announces its earnings today and Mike feels the shares could go to $60 on good news or fall to $30 on bad. To protect his profits, the most appropriate order for him to place is

• A) a stop- loss order at $42.
• B) market order to sell immediately.
• C) a stop- limit order to sell at $45.
• D) a limit sell order at $60.00.

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Definitions:

Greater Trochanter

The Greater Trochanter is a prominent bony projection on the femur's lateral side, serving as an attachment site for several hip muscles.

Lateral Femur

The lateral femur refers to the outer side of the femur, which is the thigh bone, being the longest and strongest bone in the human body.

Patella

A small circular bone located in the front of the knee joint, also known as the kneecap, which protects the knee and connects to the quadriceps and patellar tendons.

Tibial Tuberosity

A prominent bump on the top front part of the tibia, below the knee, where the patellar ligament attaches.