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Pre-market orders are a crucial aspect of stock trading when dealing with expiring options. These orders are placed before the market opens, ensuring a complete fill at the opening price. This guarantees that expiring options are offset, providing stability to the trader. It is important to note that these orders must be placed between 4:15 p.m. and 5:00 p.m. on the Thursday before the third Friday of each month. As a knowledgeable professor of finance, it is essential to understand the significance and timing of these pre-market orders in the world of stock trading.