Michael Strauss is a day trader and closes his accounts at the end of each business day He puts a limit order to buy 100 shares of Starbucks at a price of $55, although the stock is currently selling at $57 What is the best outcome that Michael can generate in each of the following situations, and why The stock price falls to $53 per share during midday and then rises to $59 at the end of the day The stock price falls to $56 per share and stay at this price until the end of the day The stock price rise to $61 per share during midday and then falls to $54 at the end of rhe day

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Question: Michael Strauss is a day trader and closes his accounts at the end of each business day. He puts a limit order to buy 100

Michael Strauss is a day trader and closes his accounts at the end of each business day. He puts a limit order to buy 100 shares of Starbucks at a price of $55, although the stock is currently selling at $57. What is the best outcome that Michael can generate in each of the following situations, and why?

The stock price falls to $53 per share during midday and then rises to $59 at the end of the day
The stock price falls to $56 per share and stay at this price until the end of the day
The stock price rise to $61 per share during midday and then falls to $54 at the end of rhe day

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