OTI orders expire at end of which period?

OTI orders expire at end of which period?

• A. End of calendar month
• B. After 1 year
• C. End of trading day
• D. At next trading day

Answer: (C)

OTI orders are one-time instructions that are intended to be executed within the current trading session. Because they are meant to be used only once, they automatically expire at the end of that trading day if they are not filled. That’s why the correct choice is end of the trading day. The other options describe different expiration rules: ending at the calendar month would apply to calendar-date expirations, expiring after a year corresponds to long-duration or good-til-date types, and expiring at the next trading day would imply rollover to the following day, which isn’t how an OTI is designed to work.

OTI orders are one-time instructions that are intended to be executed within the current trading session. Because they are meant to be used only once, they automatically expire at the end of that trading day if they are not filled. That’s why the correct choice is end of the trading day.

The other options describe different expiration rules: ending at the calendar month would apply to calendar-date expirations, expiring after a year corresponds to long-duration or good-til-date types, and expiring at the next trading day would imply rollover to the following day, which isn’t how an OTI is designed to work.