L

Limit

• For a stock option exercise transaction, a limit price type is a condition placed upon an exercise and sell request so that the exercise of the stock option is conditioned upon the sale price of the stock equal to or greater than the limit price specified.
• For a sell request transaction, a limit price type is a sell request price type that is placed on the execution of a sell request. Sell limit sell requests state the minimum price at which to sell. The limit price is specified in a separate Limit field. For a stock, the limit price is entered in increments of .01, one cent.

Lot Basis
The total cost basis of the shares in the position. This is calculated as quantity times cost basis per share.