Non-Equity Option Definition.

A non-equity option is an option that does not involve stock as the underlying asset. The most common type of non-equity option is a commodity option, which gives the holder the right to buy or sell a particular commodity at a set price on or before a specified date. Other types of non-equity options include … Read more

Buy Stop Order Definition.

A buy stop order is an order to buy a security at a price above the current market price, typically used to limit losses or lock in profits. A buy stop order is placed above the current market price and is only triggered when the security’s price hits or exceeds the stop price. At that … Read more