What is an odd lot stock order?
Non-hundred increments of stock = odd lot
Are you looking to buy or sell less than 100 shares of stocks? Or, perhaps you're looking to purchase 237 or 688 shares of stock? Then that’s what we call an odd-lot. This isn’t an inside joke the industry had made to make fun of you. Instead, it’s just another way of referring to a quantity of stock that is not an increment of 100.
Lining up an odd-lot trade is just like any other stock order. When adjusting the quantity using the quantity arrows in the order ticket, it defaults to round lots. Changing a stock order to a non-round lot increment requires one more step.
Below are animated illustration on how to enter a specific amount of stock on all three platforms.
How to Place an Odd Lot Stock Trade
Buying or selling stocks in non-hundred increments
To learn how to place a stock order on the desktop platform, then please visit our desktop platform quick guide, by clicking here.
To learn how to place a stock order on the web-browser platform, then please visit our web-browser platform quick guide, by clicking here.