If I place a market order to buy a stock at 9 AM will I get executed at the opening range?

Question

Thanks for the answers so far! I should have added before that this is for the QQQQ specifically.

Answer 1

not necessarily.

your order goes into the queue in the order received. If there is an imbalance in shares being offered and wanted at the opening time and price for all the shares wanted (and including the number the specialist, if any, is willing to buy or supply), orders are filled in queue sequence.

Therefore, your order could be filled 10 seconds later at a different price.

This is one source of "slippage" in trading.


GL

Answer 2

It depends on the level of trading for that stock and the availability of shares. If it is very high volume stock with some large news that was released overnight, there is a possibility that there can be a delay on your order just due to the massive number of trades going through. On the other end of the spectrum, if it is a very low trading stock (such as some pink sheet stocks) there may actually not be enough shares on the other side of the market to fill your order. Generally though in the vast majority of cases you will find that a market order placed before the open of market will be executed very near the opening price.

Answer 3

why market order? Get it at limit that way you dictate the price rather than have teh market dictate it for you. But yes in thsi case you should be able to get it at opening price (or somewhere close to that)

Answer 4

you should be able to buy/sell in pre or post market hours at the current market price (for a market order).

Answer 5

It depends what services you are using, but yea...thats the intention.

Good Luck on your trading.

Business and Marketing Student.