Trading Hours For Options

After Hours Stock Trading?

I’m new to the whole stock market thing, and I noticed that when looking up stocks on Yahoo, it shows the closing price as well as the after hours price. I was just wondering if the after hours price will be the opening price for the next day.

Also, when I go to buy stocks, it gives me several options for timing. I always choose Day Only, but I was wondering what Good Until Canceled, Fill or Kill, and Immediate or Cancel meant. Thank you.

Here are your answers:

The opening price for the next day is where the stock starts trading at the open. This may be higher or lower than last nights close or whatever happens after market or pre-market.

Day order – order good only for the day placed. If the stock does not trade by the close, it is cancelled.

GTC = good till cancelled = The order stays open until the stock is traded at your price or better or for 120 days, whichever comes first.

Fill or Kill – Trade it now or cancel the order
Immediate or cancel = self explanatory.

I believe Yahoo has a stock trading dictionary of terms or something. They may be able to assist you further.

Good luck – Hope this helped.

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