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Pegged to Surface Volatility

Trading Term

Pegs the starting price of the order to the implied volatility. For calls, buy orders will peg to the volatility bid and sell orders to the volatility ask. For puts, a buy order will peg to the volatility bid and a sell to the volatility ask. This order allows a positive, negative or no offset to the volatility. For more information, see the TWS User’s Guide.

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