stop loss order

A stop order is an order that becomes a market order when the futures contract reaches a particular price level. A sell stop is placed below the market, a buy stop is placed above the market.  Stop loss orders are most often used by traders to limit losses; however, stop orders can also be used to enter a futures market (typically on a break-out). The important thing to keep in mind is that stop loss orders are only filled if the market moves unfavorably; buy stops are filled if the market goes up to the stated price and sell stop orders are filled if the market drops to the stated price. 

Title
Futures Risk Management with Options
Is it feasible to use a stop order when trading commodity options?
Stop Loss Orders on Futures Options
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Carley Garner Trading Books

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