A stop order to sell at $$32$ will be executed:

Question $12$ options:

as a market order once a trade occurs at a price of $$32$ or higher.

as a market order once a trade occurs at a price of $$32$ or less.

at $$32$ following the first trade with a price below $$32.$

at a price of $$32$ at the end of the day on which the order was placed.

immediately at a price of $$32.$