MARKET-ON-CLOSE (MOC) ORDER - A type of order which requires that an order be executed at or near the close of a trading day on the day the order is entered. A MOC order, which can be considered a type of day order, cannot be used as part of a GTC order.
MARKET ORDER - Sometimes referred to as an unrestricted order. It’s an order to buy or sell a security immediately at the best available current price. A market order is the only order that guarantees execution. It should be used with caution in placing option trades, because you can end up paying a lot more than you anticipated.
MARKET PRICE - A combination of the Bid, Ask, and Last prices into a single representative price. Bid, Ask, and Last are all available, the default formula for MARKET PRICE is (Bid + Ask + Last) / 21.
MARK TO MARKET - The revaluation of a position at its current market price.
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