A question about stop market orders... What happens to a stop market order if, when it is submitted, the market has already exceeded the stop price? Here's an example of what I mean: Let's say the current market is 9x10 (9 bid, 10 ask). I'm long from a price of 10 and I submit a sell stop order for a price of 8. Now, let's assume that by the time my order hits the exchange, the current market is 6x7 (6 bid, 7 ask). The market is already trading below my stop price so what happens to my sell stop? Does it get executed as a regular sell market order (filled at the best bid, 6) or does the order get rejected? I'm specifically talking about orders on the CME. Thanks!