A limit order allows you to control the exact price at which your option is bought or sold.
Your order will only be executed if contracts are available at your specified limit price or better.
Buy Limit Order
A buy limit order lets you set the maximum price you are willing to pay for an option contract.
Your order will only execute if contracts become available at or below your chosen limit price.
Sell Limit Order
A sell limit order lets you set the minimum price you are willing to accept for an option contract. Your order will only execute if contracts become available at or above your chosen limit price.
Important to Know
Limit orders are not guaranteed to execute. Both a buyer and a seller must be available for the trade to occur. If the market does not have enough contracts at your limit price, your order may be partially filled, take multiple trades to complete, or remain unfilled.