Definition
The separate pieces an order executed in. An order for 40 contracts can fill in several parts at slightly different prices; each part is one fill, and the position's entry price is their average.
Related terms
- Contracts — How many $1-payout contracts a position holds. Bought at 46¢, one risks 46¢ to win 54¢.
- Entry price — What the position cost to open, in cents per contract (the average of its fills).