One-Cancel-All Order
Categories: Trading
Netflix’s abandoned reboot of the three Musketeers, where the musketeers spend the run of the series attempting to hunt down and kill each other.
Actually, it has to do with options or securities trading. It represents a contingency-heavy series of positions. Basically, a trader sets up a series of possible trades. However, if any one of them gets triggered, the other ones are all canceled. So the trader sets up three or more possibilities...but only one of the possibilities can happen. Once any one of them happens, all the remaining orders in the group get tossed out.
It's like if you ask three different people for a date next Friday night. You're not sure if any of them really want to go out with you; you're just using the old shotgun approach. But if one of your romantic targets says "yes," you'll cancel your invitations to the other two. It's just a matter of which one takes the offer first. A one-cancel-all order.
