questions about option fulfillment
lets say the market is going crazy and i want to get out of short option positions going against me
if i have stop orders at a certain price, how does fulfillment work if lets say others also have stop orders at the same price? how does the exchange decide who gets to go to the front of the line when the stops get triggered?
also, could my broker's connection to the world go down and my stop orders get completely forgotten?
also, when dealing with spreads, do orders to open/close those sit on the exchange or the broker? if the spread sits on the broker, then the bid/asks dont reflect that im interested in opening/closing at a more favorable price...which can limit what a potential counterparty (the other buyer/selller) is willing to do right?