Definitions for "OCO order"
One Cancels Other order. Please click here for further details.
ne- ancels-the- ther order is an order with 2 parts. Eg, “Sell 5 June Gold at 380-stop OCO 382-MIT.” Assuming a current price of 381, if June Gold declines to 380 before it advances to 382, you will sell 5 contracts at 380-stop. The other 1/2 of the order, selling 5 at 382 will automatically be cancelled. Should June Gold advance to 382 before it declines to 380, you will sell 5 contracts at 382-MIT. The other 1/2 of the order, selling 5 at 380-stop will automatically be cancelled.
a group of orders entered together