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Guranteed Stop and Overnight Gapping


Guest jesselivermore

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Guest jesselivermore

 

Hi,

 

can someone please confirm with me (preferably an IG employee) that a guaranteed stop protects me from overnight gaping risk?

 

Thanks,

Jesse

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Hi , thanks for the post!

 

I can confirm that a guaranteed stop will always transact at the exact level you specify, so should the market move through this level, whether it gaps or not, you will be closed at your desired level.

 

As an example, if you are long the FTSE with a guaranteed stop at 6700, should the markets react violently to news and open down at 6500, your position would still be closed at 6700.

 

Hope this answers your query!

 

Thanks,

Hannah

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